Courtesy of PGA National
Henderson Park, the international private equity real estate firm acquired PGA National Resort in Palm Beach Gardens, Florida, from a Brookfield Asset Management private real estate fund.
Originally opened in 1981, PGA National offers 360 guest rooms and 99 holes of golf, including the Champion Course, which since 2007 has hosted the PGA Tour event once known as the Jackie Gleason Inverrary Classic.
With six 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 807-acre property was purchased in a joint venture partnership with Salamander and South Street Partners.
“PGA National Resort is a storied property in a growing and highly desirable sub-market, with further opportunistic potential following a recently completed renovation,” Henderson Park CEO and founder Nick Weber said. “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.”
Henderson Park golf and club operations managing director Rob Duckett added that, “We are very excited to be stewards of PGA National, historically one of the most dynamic golf destinations in the U.S. Our plans include further enhancing the facilities while enriching the experience provided to our members and guests.”
Henderson Park was advised by Jones Day.
