Horseshoe Bay Resort is one of the most popular and luxurious destinations in Texas for tourists looking for a relaxing getaway. It is a top-notch resort that offers its guests the best amenities, including golf courses, water sports, spa services, fine dining options, and much more.
However, many people are curious about who owns this magnificent resort. In this article, we will explore the ownership of Horseshoe Bay Resort and provide you with some insights into its history.
History of Horseshoe Bay Resort
Horseshoe Bay Resort was established in 1971 by a Dallas-based real estate developer named Norman Hackerman. He envisioned the resort as a world-class destination that would offer unparalleled luxury and comfort to its guests.
In 1996, Horseshoe Bay Resort was acquired by ClubCorp Holdings Inc., which has been operating it ever since. ClubCorp is a leading owner and operator of private golf and country clubs in the United States. The company has more than 200 properties in its portfolio across 27 states.
The Current Owners of Horseshoe Bay Resort
In May 2017, ClubCorp was acquired by Apollo Global Management LLC for $1.1 billion. Apollo Global Management is a private equity firm based in New York that specializes in leveraged buyouts, distressed investments, and corporate restructuring.
Since then, Apollo Global Management has been the owner of Horseshoe Bay Resort. The company has been investing heavily in the resort to enhance its offerings and bring it up to modern standards.
Investments Made by Apollo Global Management
Apollo Global Management has made several significant investments in Horseshoe Bay Resort since acquiring it from ClubCorp Holdings Inc. These investments include:
- Renovations to guest rooms and public spaces
- Addition of new amenities such as a waterfront bar and grill, an adult-only pool, and a splash pad for children
- Expansion of the resort’s golf courses and tennis courts
- Introduction of new water sports activities such as wakeboarding, wakesurfing, and tubing
- Upgrades to the resort’s spa facilities
The Future of Horseshoe Bay Resort
With Apollo Global Management at the helm, Horseshoe Bay Resort is set to become even more popular among travelers looking for an unforgettable vacation experience. The company has plans to continue investing in the resort to make it one of the most sought-after destinations in Texas.
In conclusion, Horseshoe Bay Resort is currently owned by Apollo Global Management LLC. The private equity firm has been investing heavily in the resort since acquiring it from ClubCorp Holdings Inc. in 2017. With its continued investments and commitment to excellence, Horseshoe Bay Resort is sure to remain a top choice among travelers for years to come.