Kingsmill Resort courtesy of CBRE/Hampton Roads
Escalante Golf, a Fort Worth, Texas-based owner and operator of golf properties, is the new owner of Kingsmill Resort in Williamsburg.
The company announced Thursday that it had acquired the golf resort from Xanterra Parks & Resorts. The Virginia Gazette reported the purchase price as $30.7 million.
Colorado-based Xanterra purchased the property in 2010 for a reported $24 million from beer brewer Anheuser-Bush Co., who developed the property on the banks of the James River more than 45 years ago.
The AAA four-diamond property adds an East Coast destination to Escalante’s growing portfolio of golf clubs in markets that have hosted amateur and professional golf tournaments.
