PGA National Resort & Spa Changes Ownership After Major Sale

News Summary

The iconic PGA National Resort & Spa has entered a new chapter as it is acquired by London-based Henderson Park for an estimated $425 million. Recent renovations worth $100 million have transformed the facility into a luxurious destination suitable for all visitors, not just golfers. With a focus on enhancing guest experience, upcoming events, and partnerships with Salamander Hotels, the resort is poised for significant growth. This transition follows a successful period under the previous owner and is aimed at maximizing the property’s rich history and amenities.

New Chapter for PGA National Resort & Spa After Major Sale

A Fresh Start for the Iconic Destination

The PGA National Resort & Spa has officially changed hands, with London-based private equity firm Henderson Park stepping in as the new owners. Though the sale price hasn’t been entirely confirmed in public records, estimates suggest it could be around an impressive $425 million. This comes on the heels of substantial upgrades to the resort.

Recently, the property has undergone a transformation thanks to a hefty $100 million renovation that has revamped its facilities and amenities, making it not just a destination for golf lovers but a luxurious getaway for everyone. Following these updates, Henderson Park executives are eager to maximize the resort’s rich history while highlighting its potential to attract more visitors.

Rob Duckett’s Vision for Guest Experience

Rob Duckett, who oversees golf and club operations for Henderson Park, is thrilled about the possibilities that lie ahead. The focus is all about enriching the modern guest experience and creating an atmosphere where comfort meets class. He recognizes that with such a vast and storied property, the potential is nearly limitless.

Explore the Expansive Grounds

Spanning a whopping 807 acres at the intersection of Jog Road and Florida’s Turnpike, the PGA National Resort & Spa boasts six golf courses, allowing enthusiasts plenty of space to practice their swing. Guests can also unwind within a luxurious 40,000-square-foot spa designed by V Starr, making it a perfect escape from life’s hustle and bustle. Dining options abound with several restaurants, including The Butcher’s Club, helmed by Top Chef winner Jeremy Ford, which promises to tantalize taste buds like never before.

Exciting Events on the Horizon

Mark your calendars because PGA National is set to host the highly-anticipated Cognizant Classic, a part of the PGA Tour. Scheduled from February 27 to March 2, this event is expected to draw numerous golf fans eager to witness thrilling matches while enjoying the excellent facilities the resort has to offer.

Partnership with Salamander Hotels and South Street Partners

This new ownership is not just a solo endeavor; it comes in collaboration with the luxury boutique hotel brand Salamander Hotels and community operator South Street Partners. Salamander’s founder, Sheila Johnson, has high hopes for PGA National, likening it to one of the most iconic golf resorts in America. The aim is to elevate this brand’s hospitality offerings while maintaining its reputation for excellence.

A Community of Luxury

Nestled within the PGA National community, approximately 5,000 homes offer a range of luxurious living options with property values exceeding $4 million. The appeal of the resort along with its first-class amenities makes it a hot spot for both residents and visitors. Real estate experts have noted that the demand for the resort’s facilities, especially from corporations and institutions in search of unique event spaces, is likely to surge.

A Look Back

The resort was previously owned by Canada-based Brookfield Asset Management, who purchased it for $218 million back in 2018. They also played a significant role in the renovation effort, culminating in an impressive $100 million upgrade to the property. Their decision to sell after such significant investments speaks volumes about the allure and necessity for continued evolution in the hospitality industry.

Icons in the Making

While excitement looms large, recent buzz around PGA National has included unique moments, like golfer Billy Horschel encountering an alligator on the course during an event. This amusing incident captured the attention of many on social media, reinforcing the quirky charm that naturally comes with places steeped in nature, where such encounters can happen.

In conclusion, the PGA National Resort & Spa is set out on a promising journey under new ownership. With a renewed focus on guest experience, an expanded range of amenities, and exciting events lined up, it’s an exciting time for everyone involved. Golf lovers, visitors, and community members alike can look forward to what the future holds for this iconic destination.

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Additional Resources

• Palm Beach Post: PGA National Resort Sold
• Travel Weekly: Salamander Collection Adds PGA National Resort
• ESPN SWFL: Pro Golfer Shoos Away Alligator
• PGA Tour: Cognizant Classic Coverage Details
• IPE: Henderson Park Buys PGA National Resort
• Wikipedia: PGA National Resort
• Google Search: PGA National Resort