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Tampa PGA Host Golf Resort Trades to Concert Golf Partners
Concert Golf Partners bought the Innisbrook Resort and Golf Club in the Palm Harbor area of Tampa Bay for $19.8 million in cash plus assumed liabilities. Salamander Collection has owned the course since acquiring it for $35 million in 2007 and will retain 34 acres for future development.
The Tampa Bay Business Journal reports that the sale includes the resort’s golf courses and hospitality operations. A joint statement from Concert Golf Partners and Salamander Collection said new ownership will retain Innisbrook’s team. Salamander will remain involved in a consulting capacity following closing.
Innisbrook was established in 1960 and sits on 600 rolling acres. In addition to the four golf courses, it features 300-plus guest rooms, multiple restaurants and bars, a spa and some 65,000 square feet of meeting space. Innisbrook is home to four championship courses, including Copperhead — host of the PGA Tour’s Valspar Championship, South, North and Island courses. It spans 600 acres with six pools, restaurants, tennis courts and a spa.
- ◦Sale/Acquisition
