PGA National Resort & Spa Sold to New Investors

The stunning PGA National Resort & Spa, known for its expansive golf courses and luxury accommodations.

Article Sponsored by:

SPACE AVAILABLE FOR SPONSORS!

Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.

What Sponsors Receive:

Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence

Interested in seeing what sponsored content looks like on our platform?

Browse Examples of Sponsored News and Articles:

May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf

Click the button below to sponsor our articles:

Sponsor Our Articles

News Summary

The PGA National Resort & Spa has been sold for approximately $425 million to a dynamic investor group, including Henderson Park and Salamander Hotels & Resorts. The acquisition brings exciting enhancements, including a new pool and upgraded golf facilities. The resort, famous for hosting prestigious golfing events, spans 807 acres and features five golf courses, a 339-room hotel, and a luxurious spa. With a strong management team and ongoing renovations, the future looks promising for this iconic destination.

Exciting Changes Ahead as PGA National Resort & Spa Changes Hands!

The prestigious PGA National Resort & Spa is turning a new leaf. Get ready for some thrilling updates because, guess what? This iconic destination has just been sold to a dynamic investor group! The new owners, including the well-known Henderson Park, South Street Partners, and Salamander Hotels & Resorts, are all set to take the resort to the next level.

What’s the Damage?

The reported price tag for this luxurious acquisition rests around a jaw-dropping $425 million. That’s right! This is not just any resort; it encompasses a sprawling 807 acres of lush landscapes. You may have heard of the Cognizant Classic tournament, which takes place at this very resort. It features some of the best golfing action around and is set to kick off on February 27 at the renowned Champion Course.

More Than Just Golf

The PGA National Resort isn’t solely about the greens. It boasts an impressive array of facilities all designed to cater to leisure and sports enthusiasts alike. Picture this: five golf courses, a sprawling 339-room hotel, and a fantastic 40,000-square-foot spa that is practically a sanctuary for relaxation.

But wait, there’s more! The resort is home to around 5,000 single-family homes and townhouses, making it a vibrant community within a resort setting. And for those who love to stay active, there’s a sports and racquet club that you cannot miss!

Exciting Enhancements On The Horizon

The new owner group is not stopping at just acquiring this gem. They plan to introduce a sparkling new pool and significantly enhance the entire golf experience. This means more fun, more enjoyment, and perhaps, some unparalleled golfing adventures for enthusiasts visiting the resort.

Strong Foundations for Future Growth

Speaking of experience, the management team at Henderson Park brings a wealth of knowledge to the table, with a unique capability to elevate the resort’s offerings. And with a recent $100 million renovation by Brookfield Hotel Properties already underway, the resort is on a fast track to being even more impressive!

The Rich History Behind PGA National Resort

PGA National Resort first swung open its doors back in 1981 and has been the stage for numerous prestigious golfing events such as the PGA Championship, Ryder Cup, and Senior PGA Championship. Talk about a legacy! The courses here have been designed by legendary golfers Jack Nicklaus and Arnold Palmer, meaning you’re in for a treat every time you step out onto the greens.

Recent Developments

Financial movements have been buzzing around the property too, with Wells Fargo issuing a single-asset commercial mortgage-backed security loan for the resort in 2023. This highlights the high level of interest and investment in this remarkable property. To put this acquisition into perspective, Brookfield Hotel Properties snagged the property in 2018 for around $230 million, making this sale a substantial increase in value.

The Bigger Picture

South Street Partners, one of the new buyers, isn’t new to this game. They recently bought another golf resort in Georgia for approximately $50.4 million. Clearly, they have a vision for upscale golfing experiences across the country!

Final Thoughts

With advisory services provided by Eastdil Secured and legal experts lending their know-how, this sale seems to be shaping up just perfectly. PGA National Resort & Spa’s future looks brighter than ever! As the new owners roll out ambitious plans, golf lovers and travelers alike can expect an even more fabulous experience ahead.

So, mark your calendars! With upgrades on the way and major tournaments around the corner, there’s never been a better time to visit PGA National Resort & Spa!