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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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 [email protected] or phone @ 757-254-8136
