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PGA National Resort & Spa Sells for $425 Million After Upgrades

The stunning PGA National Resort & Spa, home to six beautiful golf courses and a luxurious spa.

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News Summary

The PGA National Resort & Spa has been purchased by Henderson Park for approximately $425 million. This sale follows a significant $100 million renovation that enhanced the resort’s offerings. The expansive property features six golf courses and a luxurious spa, making it a prime destination for golf enthusiasts and homebuyers alike. As events like the Cognizant Classic approach, the revitalized resort aims to redefine guest experiences while becoming a community hub.

PGA National Resort & Spa Changes Hands for Approximately $425 Million After Major Upgrades

Exciting news has hit the golf world as the famous PGA National Resort & Spa has officially been sold to the London-based private equity firm Henderson Park. The deal, while not officially documented in public records, is rumored to be around a whopping $425 million. Talk about a significant investment!

A Glimpse into the Resplendent Renovations

This isn’t just a routine sale; it comes on the heels of a big-time renovation that cost around $100 million. The team at Henderson Park emphasizes the resort’s rich history and incredible potential for the future. They’re clearly excited to roll up their sleeves and build upon the recent improvements that have transformed the property.

Spanning an impressive 807 acres, the resort is strategically located at Jog Road and Florida’s Turnpike. It boasts six beautiful golf courses, ensuring that golf lovers have plenty of options to tee off. For those looking for some relaxation after their games, there’s a stunning 40,000-square-foot spa designed by the renowned V Starr. Not to mention the various dining options, including The Butcher’s Club, a restaurant led by the talented Top Chef winner Jeremy Ford. Talk about making your culinary experience memorable!

Upcoming Events and Community Spotlight

Golf enthusiasts have a lot to look forward to, as the PGA National will be hosting the Cognizant Classic, which is part of the PGA Tour, from February 27 to March 2. This event is sure to draw in crowds and let visitors experience the charm of this iconic place firsthand.

And for those considering a home in the area surrounding the resort, there are about 5,000 homes in the PGA National community, with properties often exceeding $4 million in value. This property is not just about golf and relaxation; it presents a wonderful opportunity for homebuyers, especially given the amenities and aesthetic that come with living close to such a lavish resort.

Collaborations for a Greater Experience

The acquisition was made alongside luxury boutique hotel brand Salamander Hotels and community operator South Street Partners. Salamander’s founder and CEO has pointed out that PGA National stands out as one of most iconic golf resorts in America. The aim here is clear: to take the hospitality experience to an entirely new level, providing guests with unforgettable memories.

Jeff Lichtenstein, a local real estate expert, has noticed that the resort’s popularity comes from its fantastic amenities. He expects a growing interest from corporations and institutions looking for event spaces, which is a big plus when throwing gatherings or conferences in a beautiful location.

From Previous Ownership to a New Era

This property has gone through its own set of changes in ownership recently. It was previously owned by Brookfield Asset Management, a Toronto-based firm that purchased it for $218 million back in 2018 and executed the significant renovation worth $100 million. They also had some solid guidance during the sale, having been advised by Eastdil Secured.

A lighter note worth mentioning: during the Cognizant Classic, golfer Billy Horschel had his brush with wildlife when he encountered an alligator on the course, which, of course, took off on social media in no time! Horschel, showcasing his golf skills and confidence, managed to handle the situation using his 60-degree wedge. He commented that alligators are typically more afraid of humans – adding a sense of thrill to an exciting day on the greens.

Final Thoughts

With Henderson Park now at the helm, serious attention is being placed on the ongoing enhancement of PGA National Resort & Spa. The future looks bright as the team prepares to redefine guest experiences and ensure this iconic resort remains a must-visit destination for both locals and tourists alike.