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PGA National Resort & Spa Sold for $425 Million

Close Up of a Beautiful Golf Course

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News Summary

The luxurious PGA National Resort & Spa in Florida has changed ownership to Henderson Park, a private equity firm, for approximately $425 million. This notable sale highlights the allure of the resort, which spans 807 acres and features six golf courses, including the Champion Course. With plans to enhance facilities and elevate guest experiences, the resort is poised for an exciting future. Previously owned by Brookfield Asset Management, the property has undergone significant renovations, making it an attractive destination for golf enthusiasts and leisure seekers alike.

PGA National Resort & Spa Changes Hands for a Whopping $425 Million!

In a significant turn of events for golf enthusiasts, the luxurious PGA National Resort & Spa has officially changed its ownership. The coveted resort, located in the heart of sunny Florida, is now in the hands of Henderson Park, a private equity firm based in London. This acquisition showcases a hefty investment, with estimates suggesting a sale price of around $425 million. While the transaction deed hasn’t made its way into public records, the buzz around this luxurious venue is palpable!

A Resort Like No Other

Spanning an impressive 807 acres, this stunning property sits conveniently at the crossroads of Jog Road and Florida’s Turnpike, making it a prime location for golfers and relaxation seekers alike. With its rich offerings, PGA National is not just a resort; it’s a golfing haven that boasts six golf courses, including the renowned Champion Course that hosts the exciting PGA Tour’s Cognizant Classic.

For those looking to unwind after a long day on the green, the resort features a sprawling 40,000-square-foot spa designed by V Starr. It’s the perfect place to kick back and rejuvenate with a range of luxurious treatments, ensuring that every guest leaves feeling refreshed and pampered.

Dining Delights

Foodies will be thrilled to know that PGA National is home to a variety of restaurants, with one standout being The Butcher’s Club, managed by a winner from the hit show “Top Chef.” The culinary experiences here are top-notch, catering to every taste and elevating the overall resort experience.

Exciting Plans for the Future

Henderson Park isn’t just looking to sit back and reap the rewards. The firm has expressed its intention to enhance the resort’s facilities and improve experiences for both members and guests. Such an effort means even more exciting changes on the horizon, paving the way for an unforgettable stay.

A Residential Community That Shines

Within the PGA National area, approximately 5,000 homes can be found, showcasing an attractive mix of high-end properties that appeal to golf lovers and families alike. Some of these luxurious homes have been known to sell for over $4 million, demonstrating the allure of this exclusive community.

History and Renovations

The property was previously owned by Brookfield Asset Management, a Toronto-based firm that acquired it in 2018 for about $218 million. Brookfield invested a whopping $100 million in renovations and upgrades before setting the stage for their exit. The allure of PGA National has only grown since, especially with the recent enhancements making the resort shine in the competitive market.

A Bright Future Ahead

As the demand for corporate events and gatherings rises in the West Palm Beach area, PGA National is anticipated to become an even hotter destination for both leisure and corporate golf retreats. The new ownership is expected to elevate the resort’s profile, keeping it at the forefront of golf culture and hospitality.

The excitement around this acquisition is palpable, as PGA National Resort & Spa moves into a new chapter filled with promise and innovation. With a perfect blend of luxury and leisure, this iconic golf destination is more than just a haven for golf aficionados; it’s set to become the place to be for anyone seeking the best of what golf and relaxation have to offer.