Sea Island houses two very well-visited resorts, the "Sea Island Beach Club" and "The Cloister.", each operated by Sea Island Acquisitions. Both are located across the street from one another, connected by a roundabout in the middle of Sea Island Dr., Sea Island's main connecting road. The Beach Club lays ocean-side, providing visitors who sit on the beach with accommodations and access to cooler poolside areas. The resort contains restaurants, a game room, an ice cream shop, a bar, and two pools. The Cloister (commonly referred to plurally as either "Cloisters" or "the Cloisters") sits south-west on the island along the Black Banks River and functions as the main hotel of the resort island, containing restaurants, several hotel rooms, a spa, tennis and squash courts, an exercise facility, and a pool. Sea Island Acquisitions also owns property on St. Simon's Island, including a shooting school, and two other golf courses.
Sea Island is a seaside island off of the cost of Georgia sitting just east of St. Simons Island, and north of Jekyll Island.
1926 — Coffin purchased Long Island, renaming it Sea Island.
1927 — "The Plantation" golf course was built.
1928 — Coffin began an overnight inn and lodge, named "The Cloister."
Sea Island is owned by Sea Island Acquisitions, LLC, which also owns property on St. Simons Island. On St. Simons Island, the company operates "The Plantation" golf course, as well as a golf house and restaurant to complement known as "The Lodge." Prior to its bankruptcy the company was managed by Bill Jones III. In an interview with Cigar Aficionado magazine, he discussed the expansion of Sea Island and was quoted, saying, "The banks almost pay you to borrow money today."
2003 — The Sea Island Company closed the The Cloister's original building. After 75 years of service, the building was replaced with a new one.
2006 — The new main building opened along the Black Banks River on the west side of Sea Island. In addition, the spa, tennis center, stables, and docks were opened.
2007 — A new Beach Club was opened.
2008 — Sea Island Company announced layoffs affecting approximately 500 employees, or 25% of its workforce.
2009 — Sea Island Company's, The Cloister, The Lodge at Sea Island, the Georgian room at The Cloister, and The Cloister Spa each received a Five-Star award from the Mobil Travel Guide,
April 2009 — Synovus announces that the Sea Island Company had defaulted on its loans and that the banks would work to restructure the loan package.
July 2009 — Coughlin Stoia Geller Rudman & Robbins LLP filed a US District Court class action lawsuit against Synovus Financial Corp. on behalf of an institutional investor, alleging that the defendants had harmed Synovus investors by failing to disclose its exposure to the Sea Island Company and "the deteriorating condition of Sea Island".
July 2009 — Sea Island announces that Synovus and Bank of America have restructured a $400,000,000 loan package.
October 2009 — The Sea Island company places large tracts of undeveloped land on the market in order to raise funds to pay down debt.
November 2009 — Wells Fargo takes over the deed to Sea Island's Frederica property to settle a loan estimated to be $140mm to $150mm. Wells Fargo also took ownership of other pieces of vacant land including Cannon's Point.
January 2010 — Sea Island defaults on the restructured loan package, the island's second default in less than 12 months.
February 2010 — Sea Island announces that Goldman Sachs has been hired to assess strategic options including a possible sale of the company.
The venue was specifically chosen to control access to the conference. The geographic isolation was enhanced by positioning the International Media Center for the Sea Island summit in Savannah, 80 miles away on the Georgia mainland. Protestors and demonstrations were effectively marginalized, in part because the conference venue was located in a nearly inaccessible place. The island's security cordon was enhanced when the Governor of Georgia declared a state of emergency in six counties, beginning on May 25, 2004 to deal with the potential danger of violence or damage by demonstrators during the Group of 8 economic summit.