Henderson Park Acquires PGA National Resort
Deal News | Jan 31, 2025 | Henderson Equity Partners
Henderson Park, an international private equity real estate firm, has completed the acquisition of PGA National Resort located in Palm Beach Gardens, Florida. The resort, which originally opened in 1981, is famous for its 360 guest rooms and 99 holes of championship golf, including the Champion Course, a frequent host of PGA TOUR events. Along with its renowned golf course, PGA National Resort features a vast spa, diverse dining options, and a modern sports club. Henderson Park acquired the property in collaboration with Salamander and South Street Partners, following a recently finished $100 million renovation. They plan additional enhancements, including a new pool and improvements to the golf offerings. Henderson Park aims to leverage their expertise in destination resort hotels to further elevate the property's stature. The acquisition was assisted by legal advisor Jones Day.
Sectors
- Private Equity
- Real Estate
- Hospitality & Leisure
Geography
- United States – The location of the PGA National Resort in Palm Beach Gardens, Florida makes the United States the primary geographical focus of the article.
Industry
- Private Equity – Henderson Park, a private equity firm, is involved in the acquisition of the PGA National Resort, indicating their investment activities in real estate.
- Real Estate – The acquisition involves an iconic resort and golf course, reflecting significant real estate investment and development.
- Hospitality & Leisure – The article discusses the acquisition and future development of PGA National Resort, a hospitality and recreational destination known for its golf and luxury amenities.
Financials
- $100 million – The amount recently invested in the renovation of PGA National Resort before the acquisition by Henderson Park.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Henderson Park | Acquirer | Company | An international private equity real estate firm that acquired the PGA National Resort. |
| PGA National Resort | Target Company | Company | A renowned resort known for its championship golf courses and hospitality facilities. |
| Brookfield Asset Management | Vendor | Company | The seller of PGA National Resort, through their private real estate fund. |
| Salamander | Joint Venture Partner | Company | A joint venture partner in the acquisition of PGA National Resort. |
| South Street Partners | Joint Venture Partner | Company | A company partnering with Henderson Park and Salamander in the acquisition. |
| Jones Day | Legal Advisor | Company | Provided legal advisory services to Henderson Park for the acquisition. |