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Kingsmill Resort Sold
Filed under: Luxury Travel & Hotels
The Kingsmill golf resort in Virginia has a new owner. The Virginia Gazette reports that Xanterra Parks & Resorts, a Denver-based company that also operates Grand Canyon Railway Central and Williams Depot in Arizona, has bought Kingsmill Resort & Spa. Xanterra manages resorts, restaurants, tours and other concessions in national parks, state parks and other locations around the country. Kingsmill is a popular resort in Virginia and has 422 rooms, six restaurants, a spa, marina, and 15-court tennis center. Kingsmill is most famous for its golf with courses designed by Pete Dye, Arnold Palmer, Tom Clark and two-time U.S. Open champion Curtis Strange."Kingsmill is one of the country's premier resorts, and we are very excited to acquire such a high-caliber resort that complements our existing portfolio of properties and is consistent with the expansion of our company," said Xanterra President Andrew Todd in a press release. "We are very excited about the future of the resort and the community." The sale is expected to be completed in August with Xanterra assuming ownership and management of the resort immediately after closing. No word on how much they paid.
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