Streamsong Resort in Florida, one of the world’s leading golf destinations, has been sold by The Mosaic Company to Lone Windmill LLC, a subsidiary of Kemper Sports Management, for $160m.
The sale includes approximately 7,000 acres of land, the three 18-hole golf courses — the Bill Coore and Ben Crenshaw designed Red, the Tom Doak designed Blue (both built in 2012) and the Gil Hanse designed Black, which opened in 2017), two clubhouses, a 228-room lodge, an outdoor pool, tennis courts, a shooting range, spa and several restaurants and bars. Last year, the resort announced plans for a fourth 18-hole course, a 3,000-yard Coore and Crenshaw designed short course, and two more putting courses to be built on land by the lodge.
Chicago-based KemperSports has managed the golf business at Streamsong since the resort opened in 2012, and it has managed the entire resort for the last two years as part of its KemperDestinations division.
“For 10 years Streamsong has demonstrated Mosaic’s ability to put formerly mined land to economically and environmentally productive use,” said Mosaic President and CEO Joc O’Rourke. “It has always been our intention to identify the right long-term steward of Streamsong, and we have clearly done that with KemperSports.
“Kemper has been an outstanding partner for many years, and we have every confidence that they will continue to build upon Streamsong’s remarkable record of delivering best-in-class guest experiences while providing meaningful employment opportunity and economic impact in Central Florida.”
Steve Skinner, CEO of KemperSports, said: “We have always valued our partnership with Mosaic, and it is a privilege now to be carrying on the legacy of Streamsong, a place that is so highly regarded by the golf community.
“Our team has and will continue to prioritize elevating our guest experience and resort offerings, which includes the development of our new fourth course, The Chain, designed by Bill Coore and Ben Crenshaw. We are thrilled with the opportunity to continue to invest in and grow the resort.”