New Ownership Revitalizes Iconic Golf Resort

News Summary

PGA National Resort & Spa has embarked on a new era under the ownership of Henderson Park, with a reported $425 million acquisition. The resort, which recently underwent a $100 million renovation, aims to enhance its luxurious amenities, including six championship golf courses and a 40,000-square-foot spa. The upcoming Cognizant Classic set for late February further highlights the resort’s significance in the golfing community, promising an enriched experience for guests and golf enthusiasts alike.

PGA National Resort & Spa: A New Chapter Begins

Golf enthusiasts, gather around! The prestigious PGA National Resort & Spa has just kicked off an exciting new chapter in its storied history. The resort is now under new ownership after being snatched up by London-based private equity firm Henderson Park in a deal reported to be around a whopping $425 million. Can you believe that?

What’s the Buzz?

As of early Monday, no legal documents have been filed to confirm the sale price, but whispers around the golf circles have everyone buzzing with speculation. Henderson Park has made it clear that they are dedicated to respecting the resort’s rich history while simultaneously looking toward a bright future. Here’s the icing on the cake – there’s been a recent $100 million renovation that has truly reinvigorated the entire place. It’s almost like it’s got a fresh pair of golf shoes!

A Transformative Vision

Henderson Park executives are pretty pumped about what’s to come. They’ve outlined plans not just to enhance the existing facilities but also to enrich the overall guest experience. With 807 acres of beautifully maintained land, it’s clear this is no ordinary destination. Picture this: six championship golf courses, a sprawling 40,000-square-foot spa designed by the renowned V Starr, and an amazing array of restaurants, including The Butcher’s Club, helmed by “Top Chef” winner Jeremy Ford. It’s not just about golf here; it’s a complete getaway in every sense!

Upcoming Excitement

Circle your calendars because the resort will host the Cognizant Classic, part of the PGA Tour, from February 27 to March 2. This long-standing event has been part of the PGA National fabric since 2007, and with new ownership, it’s poised to take an exciting turn. Just imagine the buzz of the tournament echoing through those greens, as top golfers come together to showcase their talents!

Investments and Future Aspirations

Now, let’s talk about the joint venture side of things. Henderson Park didn’t go it alone; they partnered up with Salamander Hotels and South Street Partners for this acquisition. Salamander’s founder, who is no stranger to luxury hospitality, believes that PGA National is one of America’s iconic golf resorts. The team has some big plans for bringing their unique hospitality style to this beloved property, which will only enhance the experience for guests and members alike.

The Community Vibe

PGA National is more than just a resort; it’s a vibrant community filled with approximately 5,000 homes. Some high-end properties are valued at over $4 million, highlighting the area’s immense appeal. With upcoming corporate growth in the vicinity and the establishment of a Vanderbilt University campus, the demand for this stunning locale is only expected to rise. Residents and visitors alike appreciate the amazing amenities that make this community a sought-after destination for those looking to enjoy the best that golf and leisure can offer.

The Seller’s Journey

Let’s not forget the previous owner, Brookfield Asset Management, who acquired this gem for $218 million back in 2018. They undertook the extensive $100 million renovations that set the stage for this next transformative phase. They even tapped Eastdil Secured for guidance during the sale process, showing just how valuable this property has become in the world of golf!

What’s Next?

Under the new ownership, we can look forward to substantial improvements, including a brand new pool and various enhancements to the golf experience that will delight both members and guests. Those involved are eager to elevate PGA National’s brand, aiming to match its long-standing reputation as a golfer’s paradise. How exciting is that?

With its rich history, luxury amenities, and an ever-evolving approach to guest experience, the PGA National Resort & Spa is set to remain a cornerstone in the golfing world for years to come. Get ready to tee off and soak in the rejuvenated vibe at this iconic destination! It’s an exciting time for golf lovers everywhere!

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Additional Resources

• Palm Beach Post
• Wikipedia: Cognizant Classic
• ESPN SWFL
• Google Search: PGA National Resort
• IPE Real Assets
• Encyclopedia Britannica: Golf
• Travel Weekly
• Google News: PGA National Resort and Spa