The stunning PGA National Resort & Spa in Florida
The PGA National Resort & Spa in Florida has been sold for approximately $425 million to a group of investors. This 807-acre resort is known for its golf courses and luxury amenities. The new owners, including Henderson Park and Salamander Hotels, plan enhancements to improve guest experiences and maintain the resort’s reputation. With prestigious golf tournaments on the horizon, the resort continues to attract golf enthusiasts and vacationers seeking a luxurious getaway.
Exciting news is on the horizon for golf enthusiasts and luxury seekers alike! The famed PGA National Resort & Spa, a stunning *807-acre* haven located in the heart of Florida, has been officially sold for an eye-catching price of approximately *$425 million*. This beloved destination, known for its picturesque golf courses and top-notch amenities, is now under the new ownership of a dynamic investor group that includes Henderson Park, South Street Partners, and Salamander Hotels & Resorts.
The sale marks a significant transition for the resort, which was previously held by an affiliate of Brookfield Asset Management. With a history of hosting prestigious golf tournaments, including the upcoming *Cognizant Classic*, the new owners are stepping in with plans to enhance the overall guest experience and solidify the resort’s reputation as a paradise for leisure and competitive sports.
Comprising six acclaimed golf courses, the destination features the renowned *Champion Course*, where golfers will soon be swinging their clubs in the highly-anticipated *Cognizant Classic* starting on February 27. This course is not just any typical golf course; it carries the legacy of legendary designers like Jack Nicklaus and Arnold Palmer.
But that’s just the tip of the iceberg! The PGA National Resort isn’t solely about golf. It boasts *5,000 single-family homes and townhouses*, a luxurious *339-room hotel*, multiple dining options, and an impressive *40,000-square-foot spa*. Plus, sports fans can enjoy all that is offered by the resort’s sports and racquet club. Whether you want to relax with a soothing massage or challenge friends on the court, this resort has it all!
The new owners aren’t stopping at just keeping the status quo. They have ambitious plans to add a brand-new pool and make significant enhancements to the overall golf experience. With an emphasis on innovation and luxury, they aim to elevate PGA National Resort to new heights. Their unique expertise in hospitality and investment are sure to bring exciting developments to the table.
The PGA National Resort originally opened its doors in *1981*, and since then, it has become a prominent fixture in the world of golf, hosting celebrated events such as the *PGA Championship*, *Ryder Cup*, and *Senior PGA Championship*. Its rich history continues to attract players and spectators from all over, as it remains a sought-after venue for major tournaments.
It’s noteworthy that prior to the sale, Brookfield Hotel Properties had already *pumped in $100 million* for renovations to the golf complex. This investment has set a solid foundation for the new owners to build upon, ensuring that visitors will experience modern amenities complemented by the resort’s timeless charm.
To back this substantial purchase, Wells Fargo issued a *single-asset commercial mortgage-backed security loan* specifically for the resort, showcasing high confidence in the potential of this property. Brookfield Hotel Properties had bought the resort back in 2018 for around *$230 million*, demonstrating how the value has leaped in just a few brief years.
Also worth mentioning is South Street Partners, one of the major players in this fresh acquisition, who recently made headlines by purchasing another golf resort in Georgia for an impressive *$50.4 million*. Their commitment to investing in golf-centric properties signifies a continued focus on improving golfing experiences across the nation.
With this latest acquisition and the exciting enhancements planned, the PGA National Resort & Spa is set for a bright future. Whether you’re a golf aficionado eager to tee off on pristine greens or simply looking for a luxurious getaway, this charming resort is ready to welcome you with open arms.
Get ready for the next chapter at PGA National Resort—a blend of rich history, unparalleled luxury, and soon, even more exciting developments await!
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