PALM COAST -- The Club at Grand Haven, a private golf course in the 1,400-acre Grand Haven community, has been sold to a Fort Worth, Texas-based company.
Escalante Golf, which owns and operates 14 properties, six of them in Florida, announced the purchase Thursday. It did not disclose the purchase price.
Crescent Resources, a Charlotte, N.C.-based real estate development company, sold the club. Crescent Resources had previously filed for bankruptcy protection but since emerged from it and put some golf clubs, including Grand Haven's, on the market.
Hampton Golf, a Jacksonville-based management company, operates The Club at Grand Haven, which was designed as a signature course by Jack Nicklaus and opened in 1998. Escalante did not say in its announcement what role, if any, Hampton Golf would have going forward.
The 18-hole, par-72 Club at Grand Haven stretches more than 7,000 yards from the back tees and is along the Intracoastal Waterway.
"The Club at Grand Haven is one of the region's best golf courses, and we are honored to be part of the exceptional Grand Haven community," said David McDonald, president of Escalante Golf, in the announcement.
Escalante has added 10 properties in the last three years, the company said in a press release. The company was established in 1991 and bills itself as an operator of luxury golf properties in states including Florida, California, Colorado, Ohio and New Mexico.
This is the company's first course in Central Florida.
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