It's not being acquired - it's going to be a partnership. The renovations to the guest rooms will begin immediately but the hotel will not be officially rebranded as "Tan-Tar-A, a Margaritaville Resort" until March 2019.
Considering so many teacher conferences are held at TTA it will be interesting to see if that changes as I am sure some districts might not be too keen on sending their employees to a resort called Margaritaville. Me, I work at a Catholic school. No problem there.