News Summary
The PGA National Resort & Spa has been sold for $425 million to a group of investors, including Henderson Park and South Street Partners. The buyers plan to enhance the resort’s offerings, which include six golf courses, extensive amenities, and luxury accommodations. Following substantial renovations by the previous owners, golf enthusiasts can expect exciting improvements and new experiences at this iconic destination.
PGA National Resort & Spa Changes Hands for a Whopping $425 Million
Golf enthusiasts, get ready for exciting new changes at the PGA National Resort & Spa! This iconic resort, known for its stunning golf courses and luxurious amenities, has been sold to a group of investors for about 425 million dollars. Talk about a hefty price tag! The buyer group includes Henderson Park, South Street Partners, and Salamander Hotels & Resorts, all of whom are eager to bring fresh ideas to this well-loved destination.
Who Was Holding the Bag?
The seller, an affiliate of Brookfield Asset Management, recently completed impressive renovations costing around 100 million dollars. These updates are sure to have enhanced the property’s charm, making it even more desirable for those seeking a getaway filled with sun, golf, and relaxation.
What’s in Store for Golf Fans?
The PGA National Resort is located on a stunning 807 acres and features not just one, but a total of **six golf courses**. It’s particularly well-known for the Champion Course, the starting point for the upcoming Cognizant Classic tournament, hitting off on February 27. With such a rich history, including having hosted prestigious events like the PGA Championship, Ryder Cup, and Senior PGA Championship, it’s already a spot of envy for many avid golfers.
Living the Dream
But it’s not just about the golf! The resort also boasts about 5,000 single-family homes and townhouses, making it a perfect location for both residents and visitors alike. With a 339-room hotel, diverse dining options, a state-of-the-art 40,000-square-foot spa, and a sports and racquet club, this resort definitely has something for everyone.
The Future Looks Bright
So what’s next for PGA National Resort? The new owners are not just planning to maintain the status quo. They intend to add a rejuvenating pool and make significant enrichments to the entire golf experience, ensuring that both avid golfers and casual players will find something to love. With the expertise of Henderson Park leading the charge, the resort is set for an exciting transformation.
A Glance Back in Time
Opened in 1981, this resort has always been a hotspot for golf lovers. Designed by legendary golfers Jack Nicklaus and Arnold Palmer, the courses at PGA National possess a certain flair that attracts players of all skill levels. The resort’s longstanding legacy and recent enhancements only add to its charm.
A Quick Financial Snapshot
Notably, this massive deal comes right on the heels of a recent single-asset commercial mortgage-backed security loan provided by Wells Fargo. It’s worth mentioning that Brookfield originally acquired the resort back in 2018 for about 230 million dollars. Look at how much it has grown in value!
Not the Only Game in Town
South Street Partners, one of the new owners, isn’t a stranger to golf resorts. They recently nabbed the King & Prince resort in St. Simons Island, Georgia, for around 50.4 million. Clearly, they are on a mission to expand their portfolio in this exciting industry.
Legal Matters
As is typical for such significant transactions, Eastdil Secured was an advisor for Brookfield, while Jones Day, Dentons, and Morris, Manning & Martin provided legal counsel during this spectacular transaction.
As we keep an eye on the developments at PGA National Resort, one thing is clear: golf in this little corner of paradise is about to get a lot more exciting!
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Additional Resources
- CoStar: Brookfield Sells South Florida Golf Course
- Wikipedia: Golf in Florida
- GolfPass: Best Public Golf Courses in Florida 2025
- Google Search: Best Golf Courses in Florida
- GOLF.com: Best Golf Courses in Florida 2024-25
- Encyclopedia Britannica: Golf
- Travel and Tour World: NGCOA Recognizes Bobby Jones Golf Course
- Google Scholar: Golf Resorts Florida
- The Golf Wire: GolfEBikes Rent Central Florida
- Google News: PGA National Resort
