Kingsmill Resort sale to Escalante Golf is finalized

I first reported the imminent sale of the Kingsmill Resort on Dec 14, 2016.  The sale has now been finalized as of March 1, 2017.  Escalante Golf, a boutique owner and operator of unique golf assets has successfully acquired the AAA Four Diamond Kingsmill Resort from Xanterra Kingsmill, LLC.The purchase price was  $30.7 million according to the James City County Clerk of the Circuit Court documents. Located in historic Williamsburg, Virginia, Kingsmill Resort adds another important east coast destination to the Escalante’s expanding family of high-end golf clubs.

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. MidChampionship, 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.

Located in Williamsburg, Va., Kingsmill Resort includes 422 rooms; six restaurants; a 17,000-square-foot conference center; full-service spa and fitness center; marina; and 15-court tennis center. The resort is also widely known for its three award-winning championship golf courses and its executive nine-hole course.
The Kingsmill Resort and Kingsmill on the James community were developed by Anheuser-Busch along with the adjacent brewery and theme park in the 1970s. The resort is on a 2,900-acre tract, most of which was previously part of Kingsmill Plantation.
When Anheuser-Busch sold to Belgian brewer InBev in 2008, the new owners announced they would sell non-beverage industry assets. Xanterra acquired all of Kingsmill — the resort and development rights in the gated residential community where there remains land for development — for just under $24 million in 2010.

Here is the official announcement from Escalante Golf the new owners to Kingsmill members…

Dear Kingsmill Members:

As you may have heard, Escalante Golf successfully acquired all of the assets of Kingsmill Resort from Xanterra Kingsmill, LLC., including the Realty office and all remaining real estate. We are extremely honored and excited to be stewards of a property with such an iconic legacy created by Anheuser Busch more than 45 years ago.

We have a bold vision for the resort. While we will honor and preserve the history of Kingsmill Resort, our vision rests on a deeply-rooted conviction that the best days of the property are ahead. We believe Kingsmill Resort has the potential to become the most sought-after leisure destination on the eastern seaboard.

Our entire team from the home office will be spending quite a bit of time at Kingsmill Resort over the next few weeks meeting the team and getting to know the members and residents. We will be scheduling a series of town hall meetings in the coming weeks so that we can share our vision with you. We also want to come and listen, learn and understand your thoughts on the future of Kingsmill Resort. We have a deep appreciation for the importance of partnering with our members and residents to make sure you have a platform to help guide our decision making.

To those we have already met here at Kingsmill Resort, thank you for the incredibly warm welcome. To those we have not yet met, we look forward to getting to know you. Again, we are all incredibly excited to be here and look forward to a terrific future together.

Respectfully,

David McDonald
President
Escalante Golf, Inc.

Read more about Kingsmill here

Search all homes for sale in Kingsmill, Williamsburg Va

Search Building lots for sale in Kingsmill , Williamsburg, VA

Location Map  View Larger Map

psst … I’m a Realtor! Thanks for stopping by my website. I  would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home.

This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites,  Mr Williamsburg.com was created as a resource for folks who are exploring a move to  Williamsburg, VA , Hampton Roads VA and the  surrounding areas of the Virginia Peninsula.

You can reach John by email John@MrWilliamsburg.com  or phone @  757-254-8136

About mrwilliamsburg

I love Williamsburg !
Being “Mr. Williamsburg” and starting my web site in 2004 has been a great way for me to help people looking for homes for sale, communities and an “insider knowledge.” of the area.
Turned out I was onto something. Because I offer in-depth information and up-to-the-minute blogging, even international clients have found me. One couple, moving back to the States from France, told me that a post I wrote blog about grocery shopping in Williamsburg convinced them that Williamsburg was the place to be, and that I was the best source by far that they found on the web.
I’m happy to say that I hear similar comments from many of my clients looking for homes throughout Williamsburg and Hampton Roads.
I grew up in Virginia Beach, Va, After attending college, I worked at a number of positions including manager of a land development and construction company and business manager of a cut flower business that we grew in sales from $300,000 to $15 million (we were supplier to Whole Foods and one of the first cut flower suppliers to Costco).
In 2004, it seemed like a good time to simplify my life. I moved my family from Annapolis to Williamsburg. I went into real estate with Liz Moore and Associates, and was one of the initial agents when Liz opened her Williamsburg branch.
My sons Zach and Josh attend Lafayette High School and Hornsby Middle School and are crazy about sports and the outdoors.
I feel lucky to be living the dream, and saving two to four hours by not driving on the DC beltway every day. So, I can now spend my time with family while concentrating on learning — and sharing — information about living in Williamsburg.
In real estate, no two people or transactions are the same. Everything’s a challenge, and I’m rewarded every time in close a transaction and have the opportunity to see the smiles on clients’ faces.
Please email or call me for assistance with any real estate questions about the area
John@MrWilliamsburg.com or 757 254 8136