Cognizant Classic host PGA National could sell for $425 million: Reports
According to reports, the host of the Cognizant Classic, PGA National Resort in Palm Beach Gardens, Florida, is set to be sold for $425 million. However, further details of the deal have yet to be unveiled.
The Cognizant Classic has been held at PGA National Resort's Championship Course since 2006. The property was bought by Brookfield Asset Management in 2018 for $232 million, and an additional $105 million was invested in renovations. According to Bloomberg, Henderson Park, a private equity real estate firm based in London, has reportedly acquired it for $425 million.
As reported by Golfweek, if the deal is completed, the luxury boutique hotel brand Salamander Hotels, led by Sheila Johnson, will manage the PGA National Resort. For those unfamiliar, Johnson is also the co-founder of BET.
The PGA National Resort & Spa resort also includes 350 rooms, 19 tennis courts, a 35,000-square-foot fitness center, a 40,000-square-foot spa, and 60,000 square feet of event space.
Earlier this year, PGA National hosted the Cognizant Classic for the 18th time, where Austin Eckroat emerged as the winner. He beat Min Woo Lee and Erik van Rooyen by one stroke to claim his maiden title.
How many golf courses are at PGA National Resort? Course details of the host of the Cognizant Classic explored
PGA National Resort comprises five championship golf courses and a nine-hole course called The Staple. Here are the brief details about all six courses:
- The Champion: The Champion course opened in 1981 and has hosted the 1983 Ryder Cup and the 1987 PGA Championship. Besides, it also hosted the Senior PGA Championship for 19 years, from 1982 to 2000. Since 2007, it has hosted eighteen editions of the Cognizant Classic.
- The Fazio: Originally known as the Haig Course, named after legend Walter Hagen, this course underwent a renovation in 2012 and was renamed after course architect Tom Fazio.
- The Palmer: Designed by Arnold Palmer, The Palmer is one of the original four courses at PGA National, opening in 1984. It was previously known as The General.
- The Estates: Opened in 1984, this course was initially named Stonewall Golf Club and has been part of PGA National since 1988.
- The Match: Opened in 2021, The Match was specifically designed with match play in mind.
- The Staple: The only nine-hole course on the property, the Staple primarily serves as a practice course for players.