PGA National Resort in Palm Beach Gardens hits the market

Hotel and golf resort last sold for $170M in 2006

TRD MIAMI /
Jan.January 08, 2018 12:30 PM

PGA National Resort & Spa and managing partner at Walton Street Capital Neil G. Bluhm (Credit: PGA National Resort and Walton Street Capital)

The PGA National Resort & Spa in Palm Beach Gardens is up for grabs, according to the Palm Beach Post.

Walton Street Capital, a Chicago-based private equity firm, paid $170 million for the property in 2006 and later spent $89 million on renovations. It’s on the market with Atlanta-based Hodges Ward Elliott without an asking price.

Developer E. Llwyd Ecclestone Jr. sold the golf resort to Walton Street in 2006.

The property includes a 339-key hotel with a 40,000-square-foot spa, 42,000 square feet of meeting space and five 18-hole golf courses. The resort is home to the annual Honda Classic golf tournament.

Hotel investment sales in Palm Beach County have been picking up. In December, a Delray Beach hospitality firm paid $49 million for the Jupiter Beach Resort & Spa, and Rockbridge Capital paid $29 million for the Palm Beach Gardens Marriott. [Palm Beach Post] – Amanda Rabines


Related Articles

arrow_forward_ios
Daily Digest Miami

Rise in climate-related home buyouts could worsen housing inequality, Eurostars parent buys historic downtown Miami property: Daily digest

Brent Baker and a rendering of Oak Tree Golf Course

Pulte pays $31M for Oakland Park golf course

Toll Brothers CEO Douglas C. Yearley, Jr. an a rendering of Avenir Community

Homebuilder Toll Brothers adds to portfolio aimed at active adult communities in Palm Beach Gardens

Brenton Saunders and 14630 Watermark Way

Wrinkle-free deal? Botox parent Allergan CEO sells Palm Beach Gardens home

Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

Daily Digest Miami

Chicken Soup for the Soul publisher sells Deerfield Beach properties, pollutants discovered at new Miami Civil Courthouse: Daily digest

David Associates’ Al Marulli and the Shoppes in the Gardens

David Associates sells Palm Beach Gardens shopping center for $9M

State report finds open gas valve fueled building explosion at Plantation shopping center

arrow_forward_ios