WCI Communities, LLC has sold eight golf courses for $8.7 million in an all-cash deal to a Canadian company looking to establish a presence in the United States, reports the Tampa Bay Business Journal.
ClubLink US Corp., the American arm of Canada’s largest owner and operator of golf clubs, bought 126 holes from WCI including Club Renaissance, Sandpiper Golf Course, Scepter Golf Club, Falcon Watch Golf Club, Kings Point Golf Club and Caloosa Greens Golf Club. North Lakes Golf Club, which was closed in 2009, also is part of the portfolio, as well as an undeveloped 2-acre parcel of commercially zoned land.
WCI hired Marcus & Millichap Real Estate Investment Services last April to help sell the seven golf courses, which are all located in Sun City Center. The portfolio includes the golf courses, club amenities, maintenance equipment and facilities.
WCI filed for Chapter 11 bankruptcy protection following the housing bubble burst, emerging in 2009. It has since been working to liquidate what it described as non-core assets.
Adding the Florida courses, ClubLink now owns more than 46 18-hole equivalent championship and six 18-hole equivalent academy courses at 39 locations, primarily in Ontario, Quebec and Florida. The company also is engaged in rail, tourism and port operations based in Skagway, Alaska, which operates under the trade name White Pass & Yukon Route. The railway stretches 110 miles from Skagway through British Columbia to Whitehouse, Yukon. ClubLink also operates three docks, primarily for cruise ships.
Sun City Center, which was built in the 1960s, is located in South Hillsborough County, Fla.
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