Acquisitions & Hotel Openings

Escalante Golf, Inc. Acquires Iconic Kingsmill Resort in Williamsburg, Virginia

FORT WORTH, TX. March 7, 2017 – Escalante Golf, a boutique owner and operator of unique golf assets, is excited to announce that it successfully acquired the AAA Four Diamond Kingsmill Resort from Xanterra Kingsmill, LLC. Located in historic Williamsburg, Virginia, Kingsmill Resort adds another important east coast destination to the company’s expanding family of high-end clubs.

“Kingsmill Resort is one of the most iconic resorts on the east coast, started more than 45 years ago by the Anheuser-Busch Company. It has hosted some of the best-known names in golf, including the PGA Tour’s Michelob Championship from 1981 to 2002 and now the LPGA’s Kingsmill Championship. It is a vibrant community with more than 2,400 home sites and has hosted presidents and dignitaries since it opened almost a half century ago. It is truly a special place with a revered history,” said David McDonald, President of Escalante Golf, Inc.

Kingsmill Resort is located on 2,900 protected acres along the James River. It boasts three championship golf courses: the River Course designed by Pete Dye, the Plantation Course designed by Arnold Palmer and Ed Seay, and the member-only Woods Course designed by Curtis Strange and Tom Clark. The family-friendly resort features one-, two- and three-bedroom condominium accommodations. Amenities include 15 tennis courts, four on-site restaurants, a three-pool and lazy river pool complex, a fully-equipped fitness center and a newly redesigned spa with eight therapy rooms and hair and nail salon. Additionally, Kingsmill houses a 16,000 square-foot IACC-certified conference center and a full-service marina.

“Kingsmill Resort is ideally located just a few hours drive from some of the largest markets along the eastern seaboard. It is the perfect place to hold a company meeting, to spend a weekend with family and friends playing golf and relaxing, or to make your permanent home. Kingsmill has all the components of a first-class resort beginning with a storied history, terrific golf, complete fitness center and spa, and a picturesque setting on the James River,” said McDonald.

About Kingsmill Resort Kingsmill Resort is an AAA Four Diamond condominium resort. Located on the James River off I-64 between Richmond and Norfolk, the property is within minutes from Williamsburg’s numerous destinations including Busch Gardens, Colonial Williamsburg, The College of William and Mary, Jamestown Settlement and Yorktown Victory Center. The resort’s one- to three-bedroom condominiums, with kitchens and spacious living areas, are ideal for golfers and families.

For more information, visit www.kingsmill.com for specific details or call (800) 832-5665.

About Escalante Golf Founded in 1991, Escalante Golf is a boutique owner and operator of luxury golf properties across nine states. The Fort Worth, Texas-based company has quietly assembled an impressive collection of exclusive clubs in key markets that have hosted several prestigious amateur and professional golf tournaments including the U.S. Mid- Championship, the WinCo Foods Portland Open and the Shell Houston Open. Operating partners David McDonald, Elcio Silva, Robert Silva and David Matheson direct the Escalante team. For more information: www.escalantegolf.com, (817) 386.9721.

CONTACT:
David Matheson
dmatheson@escalantegolf.com
(817) 386-9721

Coming Up In The September Online Hotel Business Review




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Feature Focus
Hotel Group Meetings: Blue Skies Ahead
After a decade of sacrifice and struggle, it seems that hotels and meeting planners have every reason to be optimistic about the group meeting business going forward. By every industry benchmark and measure, 2017 is shaping up to be a record year, which means more meetings in more locations for more attendees. And though no one in the industry is complaining about this rosy outlook, the strong demand is increasing competition among meeting planners across the board – for the most desirable locations, for the best hotels, for the most creative experiences, for the most talented chefs, and for the best technology available. Because of this robust demand, hotels are in the driver’s seat and they are flexing their collective muscles. Even though over 100,000 new rooms were added last year, hotel rates are expected to rise by a minimum of 4.0%, and they are also charging fees on amenities that were often gratis in the past. In addition, hotels are offering shorter lead times on booking commitments, forcing planners to sign contracts earlier than in past years. Planners are having to work more quickly and to commit farther in advance to secure key properties. Planners are also having to meet increased attendee expectations. They no longer are content with a trade show and a few dinners; they want an experience. Planners need to find ways to create a meaningful experience to ensure that attendees walk away with an impactful memory. This kind of experiential learning can generate a deeper emotional connection, which can ultimately result in increased brand recognition, client retention, and incremental sales. The September Hotel Business Review will examine issues relevant to group business and will report on what some hotels are doing to promote this sector of their operations.