History in the making: In hindsight, Sea Island Co. dreamed too big & leveraged itself too heavily as it increasingly targeted an ultra-luxury market.

At one time, The Cloister at Sea Island was recognized by a national magazine as the nation's top resort. It could soon come under new ownership as the debt-burdened Sea Island Co. entertains bids for the coastal Georgia resort.

A very informative article discussing the sale and history of the famed Sea Island resort is at ajc.