If you’re a golf enthusiast, the Pinehurst Resort in North Carolina is probably a name that’s very familiar to you. This resort has been around for over a century, and has played host to some of the biggest golf tournaments in the world. But who exactly owns this iconic resort?
To answer that question, we need to go back to the early days of Pinehurst. The resort was founded by James Tufts, a successful businessman from Boston who fell in love with the area’s natural beauty and saw potential for a world-class golf destination. Tufts purchased thousands of acres of land and began developing the resort in the late 1800s.
Over the years, ownership of Pinehurst has changed hands several times. In 1970, it was purchased by Diamondhead Corporation, which later became ClubCorp. ClubCorp owned Pinehurst for nearly three decades before selling it to real estate developer Richard Pegram in 1997.
Pegram had big plans for Pinehurst and invested heavily in upgrading its facilities and amenities. Under his ownership, the resort hosted multiple US Open tournaments and became one of the most prestigious golf destinations in the world.
However, Pegram’s financial troubles eventually caught up with him, and he was forced to sell Pinehurst in 2004. The new owners were a group of investors led by Scottish businessman Robert “Bob” Dedman Jr., who had previously owned luxury golf resorts such as St. Andrews Links in Scotland.
Under Dedman’s leadership, Pinehurst continued to thrive as one of America’s top golf resorts. The resort underwent major renovations ahead of hosting both the men’s and women’s US Open championships in 2014 – an unprecedented feat that cemented Pinehurst’s status as one of the premier golf destinations on earth.
Today, Pinehurst is still owned by Dedman’s family through their holding company, ClubCorp Holdings Inc. In addition to owning Pinehurst, ClubCorp also operates more than 200 golf and country clubs across the United States.
In conclusion, Pinehurst has had a long and storied history with multiple owners over the years. Today, it is owned by the Dedman family through their company ClubCorp Holdings Inc., and continues to be one of the world’s most iconic golf resorts.
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