Jeff Greene sold the oceanfront Tideline resort to Fort Partners, owner of every Four Seasons in South Florida, including the one next door, for more than triple what he paid in 2011.
Key Takeaways
- Jeff Greene sold the 134-room Tideline Palm Beach Ocean Resort & Spa to Fort Partners for $150 million, more than tripling the roughly $41 million he paid in 2011.
- Fort Partners, which owns all four South Florida Four Seasons hotels, already owns the Four Seasons resort right next door, pointing to a possible expansion.
- Greene is reallocating his focus to his own new hotel, the Greene House, across the bridge in West Palm Beach.
One Palm Beach billionaire just sold an oceanfront resort to another for $150 million. According to The Real Deal, Jeff Greene sold the 134-room Tideline Palm Beach Ocean Resort & Spa to Fort Partners, the firm that owns every Four Seasons in South Florida, more than tripling his money 15 years after buying it. Greene isn't cashing out under pressure. He is clearing his plate to focus on his own new hotel across the bridge in West Palm Beach.
What did Jeff Greene sell, and for how much?
Greene sold the 134-room, five-story Tideline Palm Beach Ocean Resort & Spa, a roughly 100,000-square-foot property on three oceanfront acres at 2842 South Ocean Boulevard, to an affiliate of Fort Partners for $150 million. That works out to about $1.2 million per room, and the price includes the real estate along with the branding, fixtures, and furniture. Eastdil Secured brokered the deal.
The return is the eye-catching part. Greene paid about $41 million for the property in 2011, back when it was known as the Omphoy, then spent $20 million renovating it in 2023. Selling at $150 million means he more than tripled his money, a gain of roughly 270% over 15 years.
Why did the buyer want it, next to its own Four Seasons?
This is where it gets interesting. Fort Partners, led by Nadim Ashi, is one of South Florida's biggest luxury-hotel players, owning all four of the region's Four Seasons hotels: in Miami's Brickell, the Surf Club in Surfside, Fort Lauderdale, and Palm Beach. It also owns the Four Seasons Resort Palm Beach right next door, at 2800 South Ocean, which it refinanced for $341 million in July.
Buying the Tideline directly beside its existing Four Seasons reads like an assemblage or expansion play on that stretch of oceanfront. Fort Partners has not said what it plans, whether a rebrand, a Four Seasons expansion, or a renovation, but paying $1.2 million per room suggests it sees room to push the property to the very top of the market.
Why is Jeff Greene selling now?
Greene had no need to sell, and friends even told him not to. He did it to reallocate his energy, telling The Real Deal, "I only have so much energy and time." That focus is going to his own new hotel across the bridge: the Greene House, part of his One West Palm development, two 30-story Arquitectonica towers in downtown West Palm Beach, expected to open soon with about 200 rooms, dining, padel courts, and a spa.
Greene has been a force in this market for a long time. As Larry Mastropieri noted on the Discover South Florida Podcast: "He was making a play for West Palm before some of these other billionaires stepped in." He bought the Tideline during the Great Recession, and he has spent years quietly assembling West Palm Beach holdings well before the area became a magnet for billionaire capital.
Curious how billionaire moves like this shape the Palm Beach market? A local expert can help you read what these deals mean for values. Talk to a real estate agent near Palm Beach who follows the luxury market. Reach out to The Mastropieri Group, Realtors® or call (561) 556-9853.
What does this deal say about South Florida's market?
Beyond the two players, the deal is a signal. Trophy South Florida assets keep finding well-capitalized buyers, even at record prices. The same broker, Eastdil, handled Larry Ellison's $277 million purchase of the Eau Palm Beach Resort just to the south in 2024, another billionaire scooping up a Palm Beach-area resort. It fits a run of nine-figure Palm Beach deals, from a Billionaires' Row mansion listed at $195 million to record land trades.
As Larry put it: "The buyer pool keeps showing up." That deep, billionaire-heavy demand is a big reason top prices keep climbing. Whether the pace can continue is the open question, but for now, well-funded buyers are still competing for the region's scarcest oceanfront hotels and land.
Watch More on This Topic: Watch this segment | Full Episode | Last week's recap
Frequently Asked Questions
Who bought the Tideline Palm Beach resort?
The buyer is Fort Partners, the Fort Lauderdale-based luxury-hotel firm led by Nadim Ashi, which paid $150 million for the property. Fort Partners owns all four of South Florida's Four Seasons hotels, including the Four Seasons Resort Palm Beach directly next door to the Tideline.
How much did Jeff Greene make on the Tideline sale?
Greene paid about $41 million for the resort in 2011 and sold it for $150 million in 2026. He also invested $20 million in a renovation in 2023, and the sale price works out to about $1.2 million per room.
Why did Fort Partners buy the Tideline?
Fort Partners already owns the Four Seasons Resort Palm Beach right next door, so buying the neighboring Tideline looks like an assemblage or expansion play on that oceanfront stretch. The firm has not announced its plans, which could include a rebrand, a Four Seasons expansion, or a renovation.
Why did Jeff Greene sell the Tideline?
Greene said he is focusing his time and energy on his own new hotel, the Greene House, part of his One West Palm development in downtown West Palm Beach. He was not a distressed seller, and he described the decision as clearing his plate rather than a forced exit.
Who is Fort Partners?
Fort Partners is a luxury-hospitality firm founded by Nadim Ashi in 2011. It owns all four South Florida Four Seasons properties. It has projects well beyond Florida, including a Four Seasons resort in Telluride, developments in Europe, and the new Four Seasons Yachts luxury cruise line.
Local help for Palm Beach buyers, sellers, and investors
Whether you are buying, selling, or tracking how the luxury market moves across Palm Beach, it helps to work with a team that follows these deals closely. Reach out to The Mastropieri Group, Realtors® in West Palm Beach, or call (561) 556-9853 for practical, hands-on guidance across South Florida.
Posted by Larry Mastropieri
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