Naples-based investment company buys Sarasota golf course, after earlier Venice purchases
A Naples-based investment company has purchased Misty Creek Country Club in Sarasota, a few months after purchasing three Venice golf courses, as the company continues to buy properties between its headquarters and Tampa, according to a news release announcing the sale.
Coral Investment Group, along with its partner ITG Group, bought the Sarasota 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 the 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.
Previous reporting: Naples group purchases three Venice golf courses
Recent real estate coverage: Sarasota trial over One Park, Quay waterfront plans gives insight into development process
This article originally appeared on Sarasota Herald-Tribune: Sarasota golf course purchased by Naples investment company
