PALM BEACH GARDENS, FL – Henderson Park, the international private equity real estate firm, announces that it has completed the acquisition of PGA National Resort in Palm Beach Gardens, Florida from a Brookfield Asset Management private real estate fund.

Originally opened in 1981, the renowned PGA National Resort offers 360 guest rooms and 99 holes of championship golf, including the famed Champion Course, the host since 2007 to a PGA TOUR event now called The Cognizant Classic which is broadcast by NBC and The Golf Channel at the end of February.

With a total of six stellar golf 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 resort also showcases a 40,000-square-foot spa designed by V Starr, six culinary concepts spearheaded by The Butcher’s Club from “Top Chef” winner Jeremy Ford and Honeybelle from multiple James Beard Award nominee Lindsay Autry, and a state-of-the-art Sports & Racquet Club.

Building on a recently completed $100 million renovation, new ownership will embark on further improvements, including the addition of a new pool and significant enrichments to the golf experience for both members and resort guests.

The 807-acre property was purchased in a joint venture partnership with Salamander Collection, the luxury hotel company, which will manage the resort. South Street Partners will provide general asset management services.

Nick Weber, CEO and Founder of Henderson Park: “PGA National Resort is a storied property in a growing and highly desirable sub-market, with further opportunistic potential following a recently completed renovation. 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.”

Rob Duckett, Henderson Park Managing Director, Golf and Club Operations: “We are very excited to be stewards of PGA National, historically one of the most dynamic golf destinations in the US. Our plans include further enhancing the facilities while enriching the experience provided to our members and guests.”

Sheila Johnson, Salamander Collection Founder and CEO: “PGA National Resort is one of the most iconic golf resorts in America and we are excited to share our authentic and diverse style of hospitality which guests enjoy at our other destinations.”

Henderson Park was advised by Jones Day.

About Henderson Park

Henderson Park is a leading international private equity real estate fund manager. Since its formation in 2016, the firm has invested over $14 billion in building a portfolio of flagship real estate assets, with a presence in major cities and capitals in the United States, UK, France, Germany, Greece, Ireland, Italy, Poland, Portugal, and Spain. Henderson Park seeks high quality assets in prime locations where it can identify the potential for unlocking or creating value through asset management and sustainability improvements, or by taking on and working in complex situations. The company’s current portfolio is diversified across various sectors such as multifamily, hospitality, student housing, logistics, office and retail, including several real estate development projects. Henderson Park strives to work and build long-term strategic relationships with the best local partners. Henderson Park US headquarters office is in Charleston, SC.

Visit www.hendersonpark.com for more information.

About Salamander Collection

Salamander Collection is privately owned and operated, and based in Middleburg, VA, just outside Washington, D.C. Founded by entrepreneur Sheila Johnson, it has a luxury portfolio featuring the Forbes Five-Star Salamander Middleburg, an equestrian-inspired property in the Virginia countryside; Salamander Washington DC, an elegant and recently enhanced hotel located along the capital’s vibrant Southwest waterfront; Half Moon, the storied resort in Montego Bay, Jamaica, featuring three distinct experiences including the acclaimed Eclipse; Aspen Meadows Resort, which features sweeping views on 40 beautiful acres in Aspen, CO’s west end and newly renovated Herbert Bayer-inspired accommodations and arrival experience; Hotel Bennett, a spectacular grand hotel in Charleston, SC, overlooking the city’s historic Marion Square; Innisbrook Resort in the St. Petersburg/Clearwater area, which hosts the PGA TOUR’s Valspar Championship each year on its famed Copperhead Course; and PGA National in Palm Beach Gardens, which recently underwent a $100 million enhancement and hosts the PGA TOUR’s Cognizant Classic each year on its renowned Champion Course. www.SalamanderHotels.com.

About South Street Partners

South Street Partners, one of the largest owners and operators of private residential club and resort communities in the United States – including Kiawah Island, Palmetto Bluff, The Cliffs, Naples Grande, Barnsley Resort, Elevation Hotel & Spa, The King and Prince Beach & Golf Resort and Residences at Salamander – is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC. Founded in 2009, South Street, on behalf of SSP GP Fund I, their institutional joint venture partners and co-investment vehicles, has deployed over $1 billion of equity across resort, residential and commercial properties and has over $2 billion of assets under management. South Street acts as a principal investment platform as well as an operating partner and co-investor for institutional partners interested in special situations, opportunistic and value-add real estate investments in the Southeast and Sunbelt regions as well as other select continental US and international markets. 

SouthStreetPartners.com