Jacksonville Jaguars owner Shad Khan’s investment group has closed on the purchase of a beloved bar and hotel in Neptune Beach.
. At that time, Iguana Investments Florida LLC’s said it would mark the group’s first Northeast Florida property investment “beyond the scope of downtown” Jacksonville and the Shipyards.
A release from the Jaguars said Thursday that, “Business will continue at both the Lemon Bar & Grille and the Seahorse Oceanfront Inn and Iguana has engaged Remington Hospitality, the manager of One Ocean and a nationally recognized leader in hotel management, to run the day-to-day operations going forward.
In October, Kathy Cole said the following of signing a letter of intent to sell the properties to Iguana: “This is a bittersweet day for our family. We poured much of our heart and soul into the Seahorse Oceanfront Inn over the past many years, and we’ve certainly enjoyed the journey knowing the properties have meant so much to the Jacksonville community. Now it’s time to pass the torch, and we’re really happy to see these properties going into the right hands with Shad Khan and Iguana Investments.
Future resort amenities may include a spa, beach club, fitness center, restaurant, improved Lemon Bar, parking, and retail space, the release said.
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