Search
 

Innisbrook Resort Moves for $35M

PALM HARBOR, FL-Golf Trust of America disposes of the 900-acre resort, its largest and second-to-last remaining asset, to an owner that plans thorough renovation.

By Marita Thomas | Updated on July 17, 2007

PALM HARBOR, FL-Golf Trust of America Inc. has sold the Innisbrook Resort and Golf Club to entities of Middleburg, VA-based Salamander Hospitality LLC for $35 million. GTA has been in the process of liquidating its golf club assets since 2001, and this is its largest and second-to-last remaining property.

Sheila Johnson, an entrepreneur and co-founder of Black Entertainment Television, founded Salamander in 2005. The hospitality company has since added the Market Salamander working chef’s markets in Middleburg and Palm Beach, FL, and the Woodland Resort in Charleston, SC to the Salamander portfolio. It is currently developing the 340-acre Salamander Resort & Spa in Middleburg.

Johnson calls Innisbrook “a well-respected resort with a history of being among the finest in Florida for outstanding golf and meetings.” In a statement, she says, “Our goal is to elevate this unique resort and golf club to its rightful place as one of America’s most sought after destinations.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.