Flowood, Miss.-based MMI Hospitality Group acquired the Howey-in-the-Hills, Fla. property for an undisclosed price. Micajah Sturdivant, the president of MMI Hospitality Group says his group plans an initial round of $10 million worth of investment in its new property.
Mission Inn Resort & Club in Howey-in-the-Hills, Fla. sold for an undisclosed price, the Orlando Business Journal reported. Micajah Sturdivant, the president of Flowood, Miss.-based MMI Hospitality Group, confirmed to the outlet that his group had acquired the property.
Sturdivant declined to cite the sale price but did say his group plans an initial round of $10 million worth of investment in its new property, the Business Journal reported.
The club had been owned by the Beucher family since 1964, the Business Journal reported. Bud Beucher most recently was its vice president and general manager and Tavistock Development Co. CEO Nick Beucher previously told the outlet he worked there as a youth.
According to Sturdivant, the two companies’ family-owned nature was part of what brought them together for the deal, the Business Journal reported.
“We were attracted by the Beucher family’s long-term ownership and the story of the property — they found us attractive as a peer family business,” Sturdivant said. “This is us taking the torch.”
Mission Inn includes two golf courses, El Campeon and Las Colinas, in addition to 176 hotel rooms, three restaurants, a spa, a tennis facility and other recreational amenities and 30,000 sq. ft. of indoor and outdoor event space, among other assets, the Business Journal reported. The resort and club is one of Central Florida’s largest employers, with 310 staff members.