News Summary
PGA National Resort & Spa has been acquired by Henderson Park for approximately $425 million, marking the beginning of an exciting new chapter with a $100 million renovation. This renowned golf destination, featuring six championship courses and a luxurious spa, plans to enhance guest experiences while preserving its rich history. The resort will host the Cognizant Classic from February 27 to March 2, promising an energetic tournament environment. With future upgrades on the horizon, PGA National is set to reinforce its status as a premier golfing haven.
PGA National Resort & Spa: A Fresh Chapter Unfolds
Hey there, golf fans! Exciting news is making waves in the world of golf as the much-loved PGA National Resort & Spa has officially entered a thrilling new era. The famous resort has found a new home under the stewardship of London-based private equity firm Henderson Park, with the purchase price rumored to be around a jaw-dropping $425 million. Isn’t that something?
What’s the Excitement All About?
Although no legal papers have been filed to officially confirm the sale price just yet, the chatter among golf enthusiasts is palpable. Henderson Park has been vocal about their commitment to honoring the resort’s rich heritage while looking toward a bright future. And to top it off, the resort has recently undergone a stunning $100 million renovation that has given it a fresh, exhilarating facelift.
A Revamp with a Vision
The folks at Henderson Park are bursting with enthusiasm for what lies ahead. They have big plans not just to upgrade current amenities but also to significantly enhance the experience for guests. The resort sprawls over an incredible 807 acres, making it far more than just a typical vacation spot. How about six championship golf courses and a lavish 40,000-square-foot spa created by the acclaimed V Starr? There’s also a selection of fabulous restaurants, including The Butcher’s Club, led by “Top Chef” winner Jeremy Ford. It’s a one-stop destination for relaxation, good food, and, of course, golf!
Mark Your Calendars!
Save the date because the resort is gearing up to host the Cognizant Classic, part of the PGA Tour, from February 27 to March 2. This storied event has been intertwined with the fabric of PGA National since 2007, and with new ownership, there’s eager anticipation for what’s to come. Just imagine the energy of the tournament coursing through the lush greens!
Team Up for Success
Henderson Park didn’t make this prestigious purchase alone; they joined forces with Salamander Hotels and South Street Partners. The founder of Salamander, a true aficionado of high-end hospitality, has declared that PGA National is one of America’s crown jewels in the golf resort scene. Together, they have ambitious plans to infuse their signature style into this beloved establishment.
Vibrant Community Life
PGA National isn’t just known for its golf. It’s a lively community bursting with about 5,000 homes, some priced over $4 million, demonstrating just how attractive the area is. With continued corporate development in the surrounding region and a new Vanderbilt University campus set to open, property value and demand are expected to steadily rise. This beautiful locale is becoming increasingly popular among both residents and visitors, all for its fantastic facilities.
A Look Back at Previous Ownership
Let’s not overlook the journey of the previous owner, Brookfield Asset Management, who purchased this gem for $218 million back in 2018. They invested in extensive renovations, which definitely set the stage for this exciting new phase. With expert guidance from Eastdil Secured, it’s clear that this property has grown to be a very valuable asset in the golf landscape.
The Future Looks Bright
With a fresh wave of ownership, PGA National Resort & Spa is poised for significant enhancements, including plans for a stunning new pool and various upgrades to the golfing experience that are sure to please both members and guests alike. Everyone involved is charged up to elevate PGA National’s prestigious brand, solidifying its status as a golfer’s haven.
With its deep-rooted history, luxurious amenities, and a forward-thinking approach to guest experiences, the PGA National Resort & Spa has much to offer and is surely set to be a staple in the golfing community for many years to come. Prepare yourselves to tee off and embrace the rejuvenated spirit at this iconic destination!
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Additional Resources
- Palm Beach Post
- Wikipedia: Cognizant Classic
- ESPN SWFL
- Google Search: PGA National Resort
- IPE Real Assets
- Encyclopedia Britannica: Golf
- Travel Weekly
- Google News: PGA National Resort and Spa
