Grandover Resort and Spa is a luxurious retreat nestled in the heart of North Carolina. The property spans over 1,500 acres and boasts two championship golf courses, a European-style spa, multiple dining options, and spacious accommodations.
But the question arises – who owns this magnificent resort? Let’s dive deeper into the ownership of Grandover Resort and Spa.
The Beginning
Grandover Resort and Spa was built in 1999 by developer David Couch. He envisioned creating a world-class resort that would attract visitors from all over the country. The property was designed by noted architect David Postlethwait, who also designed other renowned golf courses and resorts across the United States.
Ownership Changes
In 2007, Grandover Resort and Spa was acquired by KSL Resorts, a high-end hospitality management company. KSL Resorts is well-known for its portfolio of luxury hotels and resorts such as La Costa Resort & Spa in California and The Homestead in Virginia.
After six years under KSL’s ownership, Grandover Resort and Spa was sold to Pyramid Hotel Group in 2013. Pyramid Hotel Group is a privately-held hotel management company with properties across North America. They specialize in managing all types of hotels ranging from branded full-service hotels to independent boutique properties.
The Current Owner
Currently, Grandover Resort and Spa is owned by Inland American Lodging Group (IALG), a real estate investment trust based in Illinois. IALG is focused on acquiring upscale select-service hotels with stable cash flows that are located in major metropolitan areas or leisure destinations.
IALG acquired Grandover Resort and Spa for an undisclosed amount in December 2015 from Pyramid Hotel Group. Since then, they have invested heavily in renovating the property to maintain its luxurious appeal.
Conclusion
In conclusion, Grandover Resort and Spa has had a few different owners since its inception in 1999. Currently, the property is owned by Inland American Lodging Group, who have continued to maintain the resort’s upscale status. Regardless of ownership changes, Grandover Resort and Spa remains a top destination for those seeking a luxurious and relaxing getaway.