Henderson Park Acquires PGA National Resort From Brookfield Asset Management For $400 Million

The PGA National Resort, located at 1000 Avenue Of The Champions in Palm Beach Gardens, is a hotel asset that encompasses 360 keys and spans over 807 acres. Recently sold for $400,000,000, the property includes a comprehensive set of amenities, such as 99 holes of golf and a recent $100 million renovation that has enhanced its facilities.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $400,000,000
• Keys: 360
• Acres: 807
• Price per Key: $1,111,111
• Buyer: Nick Weber & Rob Duckett - Henderson Park; Sheila Johnson - Salamander Connection; Patrick Melton, Jordan Phillips & Chris Randolph - South Street Partners
• Seller: Bruce Flatt - Brookfield Asset Management
• Buyer’s Rep: Gregory Shumaker - Jones Day
• Seller’s Rep: Roy Hilton March - Eastdil Secured

This transaction involved key figures such as Nick Weber and Rob Duckett from Henderson Park, along with Sheila Johnson from Salamander Connection, in partnership with Patrick Melton, Jordan Phillips, and Chris Randolph from South Street Partners. The seller, Bruce Flatt of Brookfield Asset Management, was represented by Roy Hilton March of Eastdil Secured, while the buyers were represented by Gregory Shumaker from Jones Day. The acquisition aims to implement further upgrades to the property under the new ownership.