Heavyweight Talks
Private-equity firm KSL Capital Partners LLC reportedly is negotiations to purchase ClubCorp USA Inc. Dallas-based ClubCorp owns such famed golf properties as the Homestead resort and Firestone Country Club. ClubCorp Pinehurst Resort in the North Carolina Sandhills, but the company has said that any of its properties won’t include its flagship property.
The Dedman family, whose late patriarch Robert Dedman, Sr., founded ClubCorp nearly 50 years ago, will retain 78 percent ownership of Pinehurst. The remaining 30 percent ownership in Pinehurst is controlled by Cypress Group, a private-equity fund.
Among its “name’’ properties, KSL Capital Partners, successor to KSL Recreation, currently has ownership of La Costa Resort and Spa in Carlsbad, Calif., and Hotel del Coronado near San Diego.