International private equity real estate firm Henderson Park, in a joint-venture partnership with Salamander and South Street Partners, has completed the acquisition of PGA National Resort in Palm Beach Gardens, FL, from a Brookfield Asset Management private real estate fund. The resort also officially joined Salander Hotels & Resorts.
Originally opened in 1981, the The 807-acre PGA National Resort offers 360 guestrooms and 99 holes of championship golf, including the Champion Course, the host since 2007 to a PGA Tour event now called The Cognizant Classic, broadcast by NBC and The Golf Channel at the end of February. With a total of six golf courses designed by Jack Nicklaus, Arnold Palmer, Tom Fazio, Andy Staples and Karl Litten, the resort has staged the 1983 Ryder Cup, the 1987 PGA Championship and multiple Senior PGA Championships.
The resort also has a 40,000-square-foot spa designed by V Starr, six culinary concepts spearheaded by The Butcher’s Club from “Top Chef” winner Jeremy Ford and Honeybelle from multiple James Beard Award nominee Lindsay Autry, and a state-of-the-art Sports & Racquet Club.
Building on a recently completed $100 million renovation, new ownership will embark on further improvements, including the addition of a new pool and significant enrichments to the golf experience for both members and resort guests.
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