ClubLink Corporation has acquired the equivalent of eight, 18-hole golf courses in Sun City Center, Fla., from WCI Communities LLC.
The courses include Club Renaissance (18 holes). Sandpiper Golf Course (27), Scepter Golf Club (18) and Falcon Watch Golf Club (27). Two 18-hole executive courses are also part of the deal, including Kings Point Golf Club and Caloosa Greens Golf Club.
North Lakes Golf Club, closed in 2009, was also part of the cluster.
The golf courses are about 50 kilometres south of Tampa and range from full-service country club to executive courses and are ClubLink’s first regional venture into the U.S.
The purchase price was $8.7-million and was facilitated by Steven Ekovich, vice president of investments for the National Golf and Resort Properties Group at Marcus and Millichap Real Estate Investment Services.
“We identified the Tampa area as one of our target markets in the U.S. and we are pleased to announce that the Sun City Center portfolio represents our first regional cluster in the United States,” said ClubLink president and CEO Rai Sahi.
“This acquisition establishes a firm foothold in Florida for us, and we are actively pursuing other opportunities on both sides of the border,” he added.