Cabot acquires three Florida courses

  • Cabot Citrus Farms. Image courtesy of Cabot

Sugarmill Woods Country Club and Southern Woods Golf Club, both located in Homosassa, Fla., as well as World Woods Golf Club in Brooksville, Fla., were acquired by Toronto-based development group Cabot. 

Cabot is co-funded by CEO Ben Cowan-Dewar and golf course developer Mike Keiser. Cabot’s growing portfolio of destinations includes Cape Breton in Nova Scotia, Cabot Saint Lucia, which will open in late 2022, and Cabot Revelstoke in British Columbia, which is expected to open in 2023. 

World Woods Golf Club, acquired in January, is the most notable of the three recent acquisitions with plans to transform the club as part of a major redevelopment. It’s Cabot’s first U.S. development. 

The 45-hole public facility, located between Tampa and Orlando, will be renamed Cabot Citrus Farms and its two 18-hole courses, Pine Barrens and Rolling Oaks, and 9-hole par-three layout, all designed by Tom Fazio in the early 1990s, will be completely renovated, beginning with the par-three layout, putting green and practice facilities. 

The facility will continue to remain open for play and operate as World Woods until June, when it will close for around 18 months while renovations take place. 

The developer also plans to build accommodation, a new clubhouse, shops, restaurants, a spa, fitness center and a farmer’s market. 

The sale price of the three clubs was undisclosed. Christopher R. Karamitsos, senior managing director and partner of the Leisure Investment Properties Group, LLC (LIPG), was the lead golf advisor for the transaction.

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