PGA National Resort & Spa Sold for $425 Million

A stunning view of the PGA National Resort & Spa, showcasing its scenic golf courses and luxurious facilities.

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News Summary

The PGA National Resort & Spa has been sold to an investor group for $425 million, signaling a new era for this iconic golf destination. The new owners plan to enhance the resort’s offerings, including adding a new pool and improving the golf experience, continuing its legacy of excellence since its opening in 1981.

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

In a thrilling turn of events for golf enthusiasts and vacationers alike, the PGA National Resort & Spa has been sold to an investor group for an eye-popping amount of approximately $425 million. This iconic resort, known for its magnificent golf courses and luxurious amenities, is all set for a new chapter!

A New Era Begins for the Resort

The recent purchase made headlines as it was acquired by an impressive consortium made up of Henderson Park, South Street Partners, and Salamander Hotels & Resorts. These new owners seem poised to put their unique stamp on the property, enhancing what is already a beloved escape for golf lovers. The seller was an affiliate of Brookfield Asset Management, which had its own time managing this stunning establishment.

What Makes PGA National Resort & Spa Special?

The PGA National Resort sprawls over a staggering 807 acres, and it features a lifestyle that many dream about. Golf folks will be thrilled to know that it houses six magnificent golf courses, including the celebrated Champion Course, which will be the epicenter of the Cognizant Classic tournament starting on February 27. Imagine the excitement as some of golf’s most celebrated players take to the greens!

Aside from golf, the resort complex boasts around 5,000 single-family homes and townhouses, making it a perfect haven for those looking to relish a bit of nature without straying too far from comfort. There’s a luxurious 339-room hotel, enchanting restaurants to dine at, a sprawling 40,000-square-foot spa, and even a sports and racquet club. Sounds like paradise, doesn’t it?

Upcoming Enhancements That Will Wow Visitors

So, what can we expect from these new owners? Well, they have big plans! The investor group is looking to add a sparkling new pool and is even considering some “significant enrichments” to the overall golf experience. With such ambitious ideas, it seems they aim to transform this already fantastic locale into a resort that offers even more exceptional experiences for its guests.

Their proven track record in the hospitality industry is expected to play a crucial role in improving the resort’s offerings. Golf fanatic or not, everyone will be buzzing about these changes!

A Historical Background Worth Celebrating

Let’s not forget that the PGA National Resort has a rich history. Opened back in 1981, it has played host to some of the most prestigious golf events, including the PGA Championship, Ryder Cup, and the Senior PGA Championship. It’s a cherished landmark for many sports enthusiasts and represents not just a place to stay but a continuing legacy of golfing excellence.

Designed by legends like Jack Nicklaus and Arnold Palmer, each course in this complex is a jewel that offers both challenges and breathtaking views. What more could a golfer ask for?

In 2023, the resort made headlines again when Wells Fargo issued a single-asset commercial mortgage-backed security loan, indicating its ongoing popularity and significance as a prime investment location. Not to forget, Brookfield Hotel Properties originally acquired the resort back in 2018 for around $230 million, making this recent sale an exciting leap in its value and appeal.

In conclusion, the PGA National Resort & Spa’s sale marks not just a change of ownership but hints at a future filled with promise and enhanced experiences for golf lovers and resort-goers alike. Here’s to a bright and exciting new chapter for this beloved establishment!