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Virginia company acquires SWFL golf course


  • By Louis Llovio
  • | 4:30 p.m. September 13, 2023
  • | 2 Free Articles Remaining!
The Club at Grandézza sold in 2010 for $7 million.
The Club at Grandézza sold in 2010 for $7 million.
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The Club at Grandézza, a private Estero golf club, has sold.

The buyer was the Heritage Golf Group. The sales price was not disclosed, and property records were not updated as of Sept. 13.

This is Heritage’s 33rd club, and its seventh in the state.

The Club at Grandézza is located inside the Grandézza community, which has about 1,000 residences. The club’s amenities, says Heritage, include an 18-hole championship golf course with tees spanning from 4,000 yards to 6,900 yards; a 51,500-square-foot clubhouse with multiple dining rooms and private event spaces; and a resort-style pool, fitness center and tennis courts.



Heritage, in a statement announcing the purchase, says buying private clubs within residential communities is its key to growth. But it is also looking at “member-owned clubs with growth potential seeking strategic alternatives, and premium daily-fee and resort golf properties in major resort destinations and metropolitan markets.”

To date, the Virginia company’s clubs are in Alabama, Colorado, Florida, Georgia, Illinois, Missouri, New Jersey, New York, North Carolina, South Carolina, Virginia, Michigan and Wisconsin.

 

author

Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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