A Florida-based company that purchased three golf courses on the state’s west coast in the spring is at it again, this time with the purchase of a country club in Sarasota.
According to a story from our network partner the Sarasota Herald-Tribune, Coral Investment Group, along with its partner ITG Group, bought the Misty Creek Country Club for an undisclosed amount, which brings the number of golf courses owned by the company to nine, with 13 total courses under management by Coral’s hospitality management portfolio.
“Our strategy is to continue growing our golf business along the I-75 corridor between Naples and Tampa,” Lee Weeks, chief operating officer at Coral Hospitality, said in a release. “Of course, if other sites become available, we will certainly consider those opportunities as well.”
The purchase of Misty Creek Country Club followed the April announcement that Coral investments Group had purchased Calusa Lakes Golf Club, Waterford Golf Club and Capri Isles Golf Club in the Venice area.
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.
Misty Creek Country Club is the only golf course in Southwest Florida that is “entirely in a 350-acre wildlife preserve,” according to the company.
The course was designed by Ted McAnlis in 1985 and is open to the public and offers several levels of membership.
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