Sapphire Resort is owned by Intermont Properties, Inc., a wholly-owned subsidiary of Realtec Incorporated of Greenville, SC.
Understanding the Ownership Structure
The actual site of the Sapphire Resort was acquired by Intermont Properties, Inc. This makes Intermont Properties, Inc. the direct entity responsible for the ownership and operations of the resort. However, Intermont Properties, Inc. itself is not an independent entity but rather a subsidiary.
The Role of Realtec Incorporated
Realtec Incorporated, based in Greenville, South Carolina, is the ultimate parent company. Intermont Properties, Inc. operates entirely under the umbrella of Realtec, meaning Realtec holds full ownership and control over the resort through its subsidiary.
Realtec's Broader Portfolio in Sapphire Valley
Beyond the Sapphire Resort itself, Realtec Incorporated also has significant holdings in the surrounding area. This includes:
- Sapphire Valley Development Corp.: Realtec owns this corporation, which is a key player in the region's development.
- Extensive Land Holdings: Through Sapphire Valley Development Corp., Realtec controls approximately 5,700 acres of original Toxaway Company property. This vast tract of land is situated around the Fairfield Inn, indicating a substantial investment and presence in the Sapphire Valley area.
This interconnected ownership structure highlights Realtec Incorporated's comprehensive involvement in the development and management of properties within the Sapphire Valley region, with Sapphire Resort being a central part of its portfolio via Intermont Properties, Inc.
