Forbes article on Margaritaville Multibillion-Dollar Empire

From Forbes: “How Jimmy Buffett Turned Hit Song ‘Margaritaville’ Into A Multibillion-Dollar Empire

Jimmy Buffett’s classic hit “Margaritaville” is celebrating its 40th anniversary this year. The song debuted on the 1977 “Changes in Latitudes, Changes in Attitudes” album and quickly took on a life of its own, becoming a state of mind and way of life rooted in fun and escapism for those “growing older, but not up”.

The song about life in this euphoric place where days are wasted away nibblin’ on sponge cake and watchin’ the sun bake has also morphed into a global lifestyle brand that currently has more than $4.8 billion in the development pipeline and sees $1.5 billion in annual system-wide sales. This year, Margaritaville Holdings announced a partnership with Minto Communities to develop Latitude Margaritaville, new active adult communities for those “55 and better”, including the $1 billion Daytona Beach, Florida location and a second in Hilton Head, South Carolina.

“Since I wrote the song 40 years ago, Margaritaville has affected just about everything we’ve done,” said Jimmy Buffett. “From getting me on the radio first, to the evolution of the brand in so many areas that we couldn’t possibly conceive of in the beginning.”

Buffett, 70, was reported to have a net worth of $550 million as of 2016 and was ranked No. 13 on FORBES first-ever list of America’s Wealthiest Celebrities. His 2016 earnings alone total an approximate $40.5 million. The singer, songwriter, bestselling author and business tycoon remains true to his loyal and like-minded fans.

“I love that as successful as we’ve become, the basic principle that I learned on Bourbon Street, of having fun and engaging with fans, has always been a focus,” Buffett said. “I love Margaritaville, the entire idea of it.”

Read the full article at Forbes.com

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Article source: http://www.buffettnews.com/2017/08/13/27012/

Miranda Lambert in Paradise

Margaritaville has a blog up with a recent special guest at the St. Louis show: “Miranda Lambert in Paradise

We were unloading trucks at 8 a.m. in St. Louis, getting ready to kick off the July leg of the tour, when our production office got a phone call. Miranda Lambert was on her way from Nashville to see her very first Jimmy Buffett show. I immediately sent word to Jimmy, and he texted back a few minutes later with a request to meet her before the show. Before I even ate breakfast, the St. Louis show had already promised to reach a new level.

A few hours later I brought Miranda and her crew to meet Jimmy. Miranda was wearing a flower lei as a headband, feeling the vibe of the day and explained to Jimmy this was her first Buffett show. The dressing room was full of smiles and chatter as Jimmy asked Miranda to be a guest on The Bing and Bong Show and then join him on stage to sing Margaritaville. She looked a little surprised, this was after all a little vacation for her, but how can you say no to the king of good times?

The Bing and Bong Show was its usual organized chaos and Miranda went with the flow with ease. You never know what Bing and Bong will bring you live and you have to roll with it depending on the day’s topic and viewer mail. During the broadcast Miranda mentioned that Son of a Sailor was one of her favorite Buffett songs and with that, she instantly became one of the best Bing and Bong guests of the year.

Read the complete post by Heikki Larsen at Margaritaville.com.

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Article source: http://www.buffettnews.com/2017/08/08/27009/

Margaritaville Resort Orlando Celebrates Groundbreaking

From the Orlando Business Journal: “Breaking ground: Construction to start on hotel in $750M Margaritaville Resort Orlando (Video)

Kick off your shoes and get ready to indulge in a tropical oasis being built right off U.S. Highway 192 southwest of Walt Disney World.

The only question now is if you prefer salt or sugar with your margarita in hand …

Project executives and Osceola County officials on July 27 tossed the ceremonial dirt for the next piece of the 300-acre, $750 million Margaritaville Resort Orlando — a 187-room hotel.

The new hotel in Kissimmee near Disney’s Animal Kingdom is expected to create host of new jobs once complete in fall 2018.

“We expect to create 700-1,000 jobs,” said Jim Bagley, managing director of project developer Encore Capital Management, during the ceremony where 250-plus people attended. “So, we think we are a big economic driver.”

Margaritaville Resort Orlando is one of several projects that will help the West 192 area attract more economic activity— an area that suffered severely because of the Great Recession, as previously reported by Orlando Business Journal.

The Margaritaville hotel is just one part of the massive mixed-use development that will have 200,000 square feet of shops and restaurants, vacation homes, and a water park. In all, the resort will create hundreds of jobs and plenty more in economic impact.

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Article source: http://www.buffettnews.com/2017/07/29/27004/

WGN talks to Jimmy Buffett

Buffett did an interview with Chicago’s WGN 9 and answers questions about the musical “Escape to Margaritaville”

Singer, songwriter Jimmy Buffett was in Chicago recently, to perform some of the songs from his upcoming musical ESCAPE TO MARGARITAVILLE.
The new musical will play Broadway In Chicago’s Oriental Theatre for a limited three-week engagement November 9 through December 2, 2017.
Escape to Margaritaville is the musical comedy getaway featuring both original songs and the most-loved Jimmy Buffett classics.

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Article source: http://www.buffettnews.com/2017/07/25/27000/

Buffett may perform in Key West next year

From the Key West Citizen: “City, Buffett in talks to play amphitheater

The first national act to perform at the amphitheater at Truman Waterfront Park could be a familiar face, as city officials are in talks with Jimmy Buffett to perform early next year.

“They’re interested in doing a concert in Key West and we’re in discussions with them,” Mayor Craig Cates said. “The promotion company is trying to figure out dates.”

The “Margaritaville” singer plays his former Key West home every few years and wrote a letter in support of the amphitheater when the project was in its formative stages.

The amphitheater’s draft business plan calls for three major events in the opening year.

The city has a plan to hire a commission-based event manager that is moving forward, with contract requests going out within the next month, Cates said.

“There’s a vocal minority that is against the amphitheater but the vast majority is in full support of it,” he said.

A Buffett concert will go a long way toward justifying the $4 million project, Cates said.

“It would put the amphitheater on the map right off the bat,” he said. “I think it’s going to be hugely successful.”

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Article source: http://www.buffettnews.com/2017/07/23/26996/

Margaritaville Resort coming to Costa Rica

Margaritaville Holdings and Driftwood Acquisitions Development announced the rebranding of a high-profile resort in Costa Rica. The Flamingo Beach Resort Spa in Costa Rica will join Margaritaville’s rapidly expanding portfolio of hotels and resorts, effective immediately.

Surrounded by the white sand beaches of Flamingo Beach on the northern Pacific Coast of Costa Rica, Flamingo Beach Resort Spa is an oceanfront paradise nestled in tropical splendor. The resort offers 120 spacious guestrooms and suites, along with a full range of activities for eco-tourists, families, couples and more. In addition to its location on the Blue Flag-certified ecological Flamingo Beach, the property boasts a large main pool with a swim-up bar, an oceanfront restaurant and lounge, a family center, watersports, a spa, a tennis court and a fitness center. Social event and corporate meeting facilities are also available, including an intimate, private venue overlooking the ocean. Nearby activities range from scuba diving and deep-sea fishing to jungle canopy tours and day trips to the famous Arenal Volcano.

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Article source: http://www.buffettnews.com/2017/07/21/26992/

Buffett talks with Chris Jones in Chicago

From the Chicago Tribune: “Jimmy Buffett and his Parrot Heads take over the Playhouse

The event was Jimmy Buffett talks with Chris Jones and Christopher Ashley, but it could have been a listed as a quadruple bill: Jimmy Buffett, the Tribune’s Chris Jones, Christopher Ashley and a house full of Parrot Heads, so much a part of the proceedings were the room full of Buffett fans Monday night at the Broadway Playhouse at Water Tower Place.

Buffett, fresh off a concert at Wrigley Field this weekend, was still in town come Monday to talk about “Escape to Margaritaville,” his current project, a theatrical musical based on his songs and directed by Ashley, set to stage in November at the Oriental Theatre. The conversation in the intimate Playhouse covered a grab bag of topics, from Buffett’s early days playing in Chicago at the now-defunct Quiet Knight Bar, where he crossed paths with a musical influence (Bob Marley), to what song he had better not leave out of his musical, as demanded by some cheerfully boisterous booing from the crowd (“A Pirate Looks at Forty”).

Other topics for the evening’s conversation: Buffett’s Margaritaville empire (there are plans for retirement homes, with yoga, paddle board “and yes there will be medical marijuana”). Why Buffett crowds still feel welcoming in our divided times (folks at his concerts are in a “state of exuberation,” he said, “ and then on Monday everyone has to go back to work.”) A funny anecdote of him falling off stage in Australia, only for him to wake up in a hospital watching a video of him falling off stage in Australia. The low point of his musical career when his record company tried to make him a country music star (“I got out of Nashville. I went to Key West. There was a reason.”). His own retirement (“Retire from what?”).

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Article source: http://www.buffettnews.com/2017/07/19/26988/

Photos from the Chicago Show

Some photos from the show at Wrigley Field on July 15th (in the picture above Jimmy Buffett with Huey Lewis and Frank Marshall)


“Go Cubs Go”

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Article source: http://www.buffettnews.com/2017/07/17/26980/

Buffett performs at Wrigley Field

Jimmy Buffett and the Coral Reefer Band performed last night at Wrigley Field in Chicago IL. Buffett last performed at Wrigley on September 4th and 5th in 2005.

Ryan Sandburg and Rick Sutcliffe from the Chicago Cubs brought in the World Series trophy from 2016 (photo courtesy the Margarillas).

The set list from the show is now available. Some of the highlights from the show included “Fins” (featuring Huey Lewis on harmonica), “Margaritaville” (featuring Frank Marshall on guitar), “This Hotel Room”, and “Tin Cup Chalice”.

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Article source: http://www.buffettnews.com/2017/07/16/26974/

Margaritaville is coming to The Lake of the Ozarks

From St Louis Today: “Lake of the Ozarks’ Tan-Tar-A resort sold, rebranding as Margaritaville property

Tan-Tar-A Resort, a popular Lake of the Ozarks hotel and conference center for more than a half-century, will undergo a multimillion-dollar renovation and be rebranded as a Margaritaville hotel, the chain of resorts named for singer Jimmy Buffett’s best-selling song.

The 500-room Osage Beach resort 185 miles southwest of St. Louis is joining a growing list of Margaritaville hotels located primarily in coastal vacation spots, including Key West and the Cayman Islands.

Its new name effective March 2019 will be Tan-Tar-A, a Margaritaville Resort, said the resort’s longtime general manager Fred Dehner. All 500 of the resort’s employees are being retained, he said, and new food and beverage employees will be hired for a Margaritaville restaurant and LandShark Bar Grill that are being added.

On June 29, Miami investment firm Driftwood Acquisitions Development acquired Tan-Tar-A Resort from Bethesda, Md.-based CWCapital with joint venture partner Sefira Capital, a Miami-based investment boutique, the companies announced Thursday. Driftwood has a licensing agreement with Margaritaville Holdings, Buffett’s company. Financial terms of the sale were not disclosed.

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Article source: http://www.buffettnews.com/2017/07/14/26970/