National Golf & Resort Properties Group is on a roll with three sales in the last two weeks. The company brokered the sales of: the Ritz-Carlton Golf Club & Spa located in Jupiter, Fla.; Ford’s Colony Country Club in Williamsburg, Va.; and Eagle Ridge at Spruce Creek Country Club in Summerfield, Fla. Steve Ekovich, the company’s vice president investments director, facilitated the buyer and seller in all transactions.
The Ritz-Carlton Golf Club & Spa will soon change its name to Trump National Golf Club, Jupiter in honor of its new owner, Donald Trump. The business tycoon recently acquired the Florida course for an undisclosed price, marking his second golf course purchase in the sunshine state this year after adding Doral last spring. The purchase of the Ritz-Carlton Golf Club & Spa brings the Trump Golf portfolio up to 14 properties worldwide. Trump said the property is a nice fit with his courses in Palm Beach and Doral.
“It’s a great course, Jack Nicklaus did a fantastic job and it’s got great membership, as well as a large acreage — 350 acres right in the middle of Jupiter,” Trump said. “It’s a spectacular property with a magnificent clubhouse and we’re going to bring it to the next level.”
According to Eric Trump, Executive Vice President of development and acquisitions for the company, the annual rounds played for the exclusive club is around 20,000. The private club includes an 18-hole course and clubhouse, full-service spa and a fitness center encompassing approximately 75,000 square feet. The Trump Organization has big plans for the property, which include renovating the golf course, spa and clubhouse.
“I’ll be meeting with Jack [Nicklaus] about certain enhancements and renovations to the course,” Trump said. “The course is in great shape, but it’s going to be even better.”
The second transaction for National Golf & Resort Properties Group was the sale of Ford’s Colony Country Club, a 54-hole championship golf course located in Williamsburg, Va. The buyer Accord Golf Capital, partnered with hedge fund investment firm, Och-Ziff Real Estate, to purchase the course for an undisclosed price — although the seller, Prudential, listed the property at $9.95 million. The new owners appointed Traditional Golf Management to oversee day-to-day operations for the club.
The most recent deal, which closed Friday for an undisclosed price, was the sale of Eagle Ridge at Spruce Creek Country Club, a 36-hole golf course located in Summerfield, Fla. Ekovich, the lead agent on the asset sale, represented the seller, Del Webb’s Spruce Creek Communities, Inc. and Pulte Home Corporation, both wholly owned subsidiaries of Pulte Group, Inc. Spruce Creek Country Club is a 3,250-home active adult community ideally located in Central Florida between Ocala and The Villages along the I-75 corridor between Orlando, Gainesville and Ocala. The club offers four different 9-hole Terry Doss designs that combine as two golf courses.
Nicaragua golf course nears completion
Guacalito Golf Course, Nicaragua’s first 18-hole beachfront golf course, will be ready for play on February 1, 2013. The new golf course is part of Guacalito de la Isla, a $250-million, 1,670-acre private beach community developed by Pellas Development Group on Nicaragua’s Emerald Coast. Below are brief points on what the course entails. The golf course, designed by Scottish golf architect David McLay Kidd (his first golf course in Latin America) will feature an expansive practice range, new golf carts with GPS, and a golf academy.
People on the move…
Affiniti Golf Partners appointed industry veteran Dan Elliott as general manager for Forest Hills Golf Club located in Augusta, Ga. Elliott comes to Forest Hills from another Affiniti Golf-managed property, the 54-hole Ford’s Colony Country Club in Williamsburg, Va., where he served as director of golf for the last two years. Elliott previously was general manager at Jennings Mill Country Club, a private facility in Bogart, Ga. Prior to that he was head golf professional and human resource administrator at Heritage Shores Club in Bridgeville, De., after seven years as the director of golf at Grand Harbor Golf & Beach Club in his hometown of Vero Beach, Fl.