(Pictured: The Citrus Club)
Private clubs in the acquisition include PGA West Private Club and The Citrus Club. Five resort courses open for public play are also included. Century Golf Partners owns and/or operates more than 45 club properties throughout the U.S., including Walt Disney World Golf. Hankuk owns 25 private club properties and golf courses in the U.S. and Japan, including Marbella CC in California and The Oregon Golf Club in West Linn, Ore.
Century Golf Partners, which owns and/or operates more than 45 club properties throughout the U.S., including Walt Disney World Golf in Orlando, is partnering with Hankuk Industry, the current owner of 25 private clubs and golf courses in the U.S. and Japan, in a joint venture to acquire the PGA WEST Portfolio, which includes two private clubs—PGA WEST Private Club and The Citrus Club—and five clubhouses and nine golf courses in La Quinta, Calif.
The acquisition of the portfolio was finalized on January 31, 2020 and includes golf courses designed by Arnold Palmer, Jack Nicklaus, Tom Weiskopf and Pete Dye. It also includes five resort courses open for public play, including the renowned Stadium Course designed by Pete Dye, the Tournament Course designed by Jack Nicklaus, the Greg Norman Course, and the Mountain and Dunes Courses designed by Pete Dye.
Century Golf Partners, founded in 2005 for the purpose of acquiring and managing private clubs, public courses and golf resorts, will be the managing partner of the joint venture. The PGA WEST Portfolio will be managed under its Arnold Palmer Golf Management brand.
Hankuk Industry currently owns 25 club properties and is also a distributor of Baroness turf maintenance equipment and Yamaha golf carts in South Korea. It is owned by Shin Il Yoo, who has been involved in the golf industry since 1990. Yoo and his family have been acquiring golf courses for the past 17 years, and their portfolio includes Marbella Country Club in San Juan Capistrano, Calif.; The Oregon Golf Club in West Linn, Ore.; Chiba Isumi Golf Club and Yonehara Golf Club both in Chiba, Japan.
The historic La Quinta Resort will remain with its current ownership and the PGA WEST Portfolio and La Quinta Resort will maintain a close working relationship, so each can continue to provide members and guests with exceptional service and facilities.
“Most people are drawn to PGA WEST because of the gorgeous desert setting, spectacular views and legendary golf experience,” said Jim Hinckley, Century Golf’s Founding Partner and CEO. “For us, it’s a dream come true to be part of ‘The Western Home of Golf in America.”
Added Doug Howe, Partner and COO of Century Golf: “We are looking forward to working with the talented teams at PGA WEST and The Citrus Club, to build on the rich history [of the properties] and deliver extraordinary experiences for all to enjoy.”