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PGA National Resort & Spa Under New Ownership

The luxurious PGA National Resort & Spa in Palm Beach Gardens.

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News Summary

The PGA National Resort & Spa in Palm Beach Gardens has been acquired by Henderson Park, a London-based private equity firm, for about $425 million. Following a $100 million renovation, the resort aims to enhance guest experiences with luxury amenities, six golf courses, and a 40,000-square-foot spa. The venue is set to host the Cognizant Classic from February 27 to March 2, promising excitement for golf fans. The partnership with Salamander Hotels seeks to elevate the resort’s hospitality while attracting attention to the luxurious surrounding community.

Big Changes at PGA National Resort & Spa: New Ownership, Fresh Vibes!

Exciting news is brewing at the PGA National Resort & Spa! This stunning getaway in Palm Beach Gardens has been snatched up by a London-based private equity firm, Henderson Park. While the exact sale price hasn’t officially hit the public records, whispers suggest it could be around an eye-popping $425 million. Wow, right?

The History and Vision

This resort isn’t just any ordinary slice of paradise; it’s steeped in a rich history and boasts a lot of potential, especially since it recently underwent a phenomenal renovation worth $100 million. According to the executives over at Henderson Park, they are buzzing with excitement to elevate the resort experience for guests, making it even more attractive to visitors and locals alike.

What’s in Store at PGA National?

Get ready for a whole world of luxury! The resort sprawls over a massive 807 acres at Jog Road and Florida’s Turnpike, making it a perfect escape from the daily grind. And it’s not just about relaxation; golf enthusiasts will be thrilled to know that it features an impressive six golf courses. That’s right, whether you’re a pro or a beginner, there’s something for everyone! Plus, with a sprawling 40,000-square-foot spa designed by V Starr, who wouldn’t want to unwind in style?

Foodies will also be in for a treat as the resort houses multiple dining options, including The Butcher’s Club, where Top Chef winner Jeremy Ford showcases his culinary artistry. Talk about a win-win for the taste buds!

Planning Ahead: The Cognizant Classic

Mark your calendars! PGA National is going to be the hotspot for golf fans as it gears up to host the Cognizant Classic, an exciting event part of the PGA Tour, running from February 27 to March 2. It’s the perfect time to check out what’s new and marvel at the renovations!

Partners in Luxury

The purchase of PGA National was made in partnership with the luxury boutique hotel brand Salamander Hotels and the community operator South Street Partners. Sheila Johnson, the founder and CEO of Salamander, can’t wait to enhance the renowned hospitality style that PGA National is known for. They’re determined to redefine luxury and elevate guest experiences to new heights.

A Glimpse into the Neighborhood

For those contemplating a move, there’s a beautiful community surrounding the resort that comprises about 5,000 homes, many valued at over $4 million. With such amenities and a friendly environment, it’s no wonder this area is buzzing with interest, not just for visitors but also for corporations and institutions looking for the perfect event spaces. Real estate professionals have noted that the resort’s excellence makes it a hot commodity.

A Look Back in Time

Previously, this prized gem was owned by Toronto-based Brookfield Asset Management, who acquired it for $218 million back in 2018. They then initiated a major transformation, investing $100 million, leading up to this current sale. Brookfield was advised throughout this process by Eastdil Secured, maximizing the value of this iconic destination.

Wild Encounters

In recent fun news, during an event held at the Cognizant Classic, golfer Billy Horschel had a memorable encounter with an alligator on the course. The unexpected visitor quickly became the talk of the town and social media! Horschel cleverly handled the alligator using his 60-degree wedge, showing confidence with local wildlife and reminding everyone that alligators are usually just as wary of humans. A day on the greens turns into a memorable adventure, that’s for sure!

In conclusion, as PGA National Resort & Spa embarks on this exciting new journey under Henderson Park and its partners, it’s safe to say the future looks bright, welcoming all to experience luxury, relaxation, and a touch of adventure. Cheers to new beginnings!