ClubLink has announced that a wholly-owned subsidiary has acquired TPC Eagle Trace in Coral Springs, Fla., giving that company a total of a dozen 18-hole equivalent championship and two 18-hole equivalent academy courses in that state.
The purchase price was $3.4-million U.S.
The cash transaction was facilitated by Steven Ekovich, vice president of Investments of the National Golf and Resort Properties Group at Marcus and Millichap Real Estate Investment Services.
In addition to TPC Eagle Trace, ClubLink owns the 54-hole Palm Aire Country Club, the 36-hole Woodlands Country Club and Heron Bay Golf Club in the Fort Lauderdale area.
ClubLink made its initial venture into Florida in 2010, when it acquired five 18-hole equivalent championship courses and two 18-hole equivalent academy courses in Sun City Center, south of Tampa.
“The acquisition of this prestigious golf club demonstrates our commitment to providing our more than 20,000 members in Florida, Ontario and Quebec the opportunity to truly experience ‘One Membership, More Golf,’” said ClubLink President and CEO Rai Sahi of the company’s motto.
“Since our founding in 1993, that has been our unique business model and one that continues to be very successful,” he added.
Opened in 1983 as the first member club in the PGA Tour’s Tournament Players Club network, TPC Eagle Trace is an Arthur Hills design.
Home to the Tour’s Honda Classic for nine years, TPC Eagle Trace is the centrepiece of a gated community of approximately 900 homes.