Heritage Golf Group acquires three-course southeast Florida facility

Heritage Golf Group has acquired Lakewood Ranch Golf and Country Club from Schroeder-Manatee Ranch, Inc. Terms were not disclosed.

The club rests in the center of Lakewood Ranch, one of the nation’s fastest-selling residential communities. The 33,000-plus-acre master planned community developed by SMR, is near the Gulf Coast beaches and cultural attractions in Sarasota, Florida. Lakewood Ranch is already home to more than 66,000 residents and plans for expanded residential development are underway.

The club features three golf courses, including two designed by Arnold Palmer: Cypress Links and King’s Dunes. The third course, Royal Lakes, is the newest layout and designed by Rick Robbins. The club also offers multiple practice facilities.

“Our selection of Heritage Golf Group was the result of meticulous consideration, focusing on their extensive experience and dedication to our standards,” SMR CEO Rex Jensen said. “Their respect for our community and the club’s identity, culture, and traditions, along with a strong emphasis on staff retention and operational efficiencies, positions them as the ideal partner. Heritage's proven track record in owning private country clubs within residential communities across the U.S. played a pivotal role in our selection.”

The transaction was successfully brokered by Leisure Investment Properties Group, and Steven Ekovich represented the seller and buyer in the transaction. Lakewood Ranch Golf and Country Club is Heritage Golf Group’s 37^th property.

“Lakewood Ranch Golf and Country Club is the crown jewel of the Lakewood Ranch community, and we are proud to become its new steward,” Heritage Golf Group CEO Mark Burnett said. “We are honored that SMR selected Heritage Golf Group to continue building on its noteworthy tradition and impeccable nationwide reputation as the premier country club and lifestyle community. The continued growth of our network of clubs will only further enhance the member and guest experience as well as offer additional career growth for our employees.”