Kingsmill Resort Sold

It has been reported that Xanterra has agreed to sell  the Kingsmill Resort in Williamsburg VA  to Escalante Golf  a boutique owner and operator of numerous properties across the United States. The entire team from Escalante Golf visited the resort a couple of weeks ago, and Xanterra has agreed to sell if the deal can be closed by December 31 – presumably because they want to take a tax write-off in 2016.

While we still have no official confirmation the following corporations were registered with the Virginia State Corporation by  VA Beach attorney Stephen D. Lentz on January 3, 2017

Escalante KingsMill Beverage LLC,  Escalante Kingsmill Development LLC,  Escalante KingsMill Resort LLC.

There was also a corporate application filed in Texas  for ESCALANTE MEMBER KINGSMILL LLC by Escalante Golf Inc of 2930 Bledsoe Street, Fort Worth, TX  on Wed, Dec 14th, 2016 with Texas Secretary of State.

So everything points to an  imminent sale if it hasn’t already happened. Stay tuned for an update.

Founded in 1991, Escalante Golf is a boutique owner and operator of 17 luxury golf properties across nine states. The Fort Worth, Texas-based company has quietly assembled an impressive collection of exclusive clubs in key markets. Many have hosted several prestigious amateur and professional golf tournaments including the U.S. Mid-Amateur Golf Championship, the Charles Schwab Cup, the WGC Match Play Championship 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.

Read more about Kingsmill here

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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