Henderson Park has acquired the PGA National Resort in Palm Beach Gardens in the Southeastern US from Brookfield Asset Management.
The private equity real estate firm said it has acquired the 807-acre property in Florida in a joint venture with Salamander Collection and South Street Partners.
Financial details were not disclosed, although the asset was reportedly being sold by Brookfield for around $425m (€409.5m) late last year.
The PGA National Resort opened in 1981. It features 360 guest rooms and 99 holes of championship golf, including the Champion Course which, since 2007, has hosted the PGA TOUR’s Cognizant Classic. The resort also includes a 40,000sqft spa.
Nick Weber, CEO and founder of Henderson Park, said: “PGA National Resort is a storied property in a growing and highly desirable sub-market, with further opportunistic potential following a recently completed renovation.
“Our experience executing across both premier destination resort hotels and one-of-a-kind club memberships uniquely positions Henderson Park as the new owner and we will work with our partners to enhance the resort’s offering into the future.”
Rob Duckett, Henderson Park MD, golf and club operations, said: “We are very excited to be stewards of PGA National, historically one of the most dynamic golf destinations in the US.
“Our plans include further enhancing the facilities while enriching the experience provided to our members and guests.”
Sheila Johnson, Salamander founder and CEO, said: “PGA National is one of the most iconic golf resorts in America and we are excited to share our authentic and diverse style of hospitality which guests enjoy at our other destinations.”
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