VENICE, Florida – A Naples-based investment company recently purchased three Venice golf clubs, increasing the portfolio of courses it owns to eight and the number of courses and country clubs managed by Coral Hospitality to 12.
Coral Investment Group, along with its long-term partner, ITG Group, have acquired the three golf clubs, which will be managed through Coral Hospitality – Calusa Lakes Golf Club, Waterford Golf Club and Capri Isles Golf Club.
The purchase price was not disclosed.
Together, the courses, marketed as Golf in Venice, include 63 holes of championship golf.
The clubs provide members and the public a variety of course options in a market dominated by private clubs.
Known for its hotel and resort management, Coral’s other golf properties in Florida and Georgia include Arrowhead Golf Club, Eagle Ridge Golf Club, Misty Creek Country Club, Jacaranda West Country Club, Riverwood Golf Club, Rosedale Golf and Country Club, Brasstown Valley Golf Course, Georgia Veteran’s Golf Course and Wallace Adams Golf Course.
“We are delighted to add the Golf In Venice properties to our growing portfolio, and look forward to welcoming new members and guests to the Coral family,” Lee Weeks, Chief Executive Officer of Coral Hospitality said in a prepared statement.
“We have successfully managed over 40 clubs over a span of 25 years, as well as owning and developing hotels, resorts and community associations.”
Coral Hospitality is also offering an opportunity for golfers to join all three courses with a single membership.
Calusa Lakes Golf Club is situated in wooded terrain, with wooded fairways and Paspalum Grass greens over 18 holes.
Capri Isles Golf Club is a par 72 layout with strategic water features, fairway and greenside bunkers, and four sets of tees.
Waterford Golf Club is a semi-private course situated within two upscale home developments. Each of the 27 holes in the Turnberry, Gleneagles and Sawgrass courses has distinct features combined with abundant natural landscape and wildlife.
