Cognizant Classic in The Palm Beaches at PGA National Resort the Champion Course (Image Source: Getty)
According to reports, the host of the Cognizant Classic, PGA National Resort in Palm Beach Gardens, Florida, is set to be sold for $425 million. However, further details of the deal have yet to be unveiled.
The Cognizant Classic has been held at PGA National Resort's Championship Course since 2006. The property was bought by Brookfield Asset Management in 2018 for $232 million, and an additional $105 million was invested in renovations. According to Bloomberg, Henderson Park, a private equity real estate firm based in London, has reportedly acquired it for $425 million.
As reported by Golfweek, if the deal is completed, the luxury boutique hotel brand Salamander Hotels, led by Sheila Johnson, will manage the PGA National Resort. For those unfamiliar, Johnson is also the co-founder of BET.
