Calmwater Capital has announced the acquisition of Banyan Cay Resort & Golf Club. As the new property owner, Calmwater Capital affiliate U.S. Real Estate Credit III has immediately introduced financial and professional resources to reopen the golf course and club as well as complete the hotel, spa and fitness complex.
Centrally located in West Palm Beach, Fla., the property most notably features Jack Nicklaus' 300th Signature 18-hole course surrounded by West Palm Beach's natural beauty. Extensive renovations to restore the golf course are well under way, including aeration and re-seeding of the course and tees, purchase of new maintenance equipment, landscaping of the course and lake areas, and bunker restoration with new white sand. The golf course will reopen on Sept. 30, 2023.
Calmwater Capital has also engaged crews to complete the 150-room hotel and resort, which will feature three restaurants, a first-class spa and fitness complex, wedding venue, meeting spa
