ClubCorp had purchased the Legacy Golf Club for 31 million in March as part of a larger purchase before selling it this month Photo by Thinkstock

ClubCorp had purchased the Legacy Golf Club for $3.1 million in March as part of a larger purchase before selling it this month. (Photo by Thinkstock.)

Reports: ClubCorp Sells Acquired Legacy Golf Club for $3.4 Million

Legacy Golf Holdings purchased the Legacy Golf Club in Florida for $3.4 million on Nov. 4, according to media reports.

ClubCorp, Dallas, has sold one of the six golf clubs it acquired in April as part of a $43.8 million purchase, according to media reports.

The Legacy Golf Club at Lakewood Ranch, Florida, was sold to Legacy Golf Holdings LLC, Lakewood Ranch, for $3.4 million on Nov. 4, according to the Bradenton Herald. ClubCorp purchased the 212-acre, Arnold Palmer-designed golf course for $3.1 million.

Florida records show Legacy Golf Holdings organized as a limited liability company on Oct. 15, and former ClubCorp General Manager Jon Whittemore, Kevin Paschall and Robert Witzel are listed as managers. Legacy Golf Holdings owns Serenoa Golf Club and Rolling Green Golf Club in Sarasota, Florida, according to the Sarasota Herald-Tribune.

The Legacy Golf Club did not fit into ClubCorp's profile, Paschall told the Herald.  The Legacy is a public golf course and ClubCorp's website showed only three daily-fee golf clubs on its website Monday. The majority of clubs in ClubCorp's golf course portfolio are private or semi-private. ClubCorp, which has acquired eight clubs so far in 2015, owned or operated 158 golf and country clubs as of September 8.

Club Industry's requests to Whittemore and ClubCorp on Monday seeking to verify details of the Legacy Golf Club transaction were not returned.

ClubCorp ranked No. 5 on Club Industry's Top 100 Health Clubs  of 2015 with 2014 revenue of $844.16 million. In October, ClubCorp announced record third quarter revenue of $255.4 million.

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