Prague-Based European Hotel and Property Management Group Acquires Black Bear Golf Club

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A private European hotel and management group today announced the acquisition of Black Bear Golf Club in Eustis. The group closed on the transaction October 29, 2010 paying cash for the club. The acquisition is the group’s first Florida investment after considering over 500 alternative properties in Florida in the last 15 months.

A private European hotel and management group today announced the acquisition of Black Bear Golf Club in Eustis. The group closed on the transaction October 29, 2010 paying cash for the club. The acquisition is the group’s first Florida investment after considering over 500 alternative properties in Florida in the last 15 months. The new owners Peter Hall, Richard Horton and Hans Weber recognized Black Bear’s fantastic pedigree as a product of P.B. Dye links design.

Black Bear will undergo a revitalization to ensure the course is improved and preserved to P.B. Dye’s superior standards. The intention is to re-establish Black Bear as one of the premier golf courses in Central Florida while continuing to be attractive for both the professional and amateur player.

The course is now open for play under the new management team. Additional investment in the 18-hole championship course and practice facilities is already underway along with establishing a professionally-resourced golf academy. In fact the new owners have already inked a deal to make Black Bear the home of the Shaun Webb Golf Academy. Shaun Webb is a certified Hank Haney instructor and together with Black Bear will offer the full spectrum of golf instruction. Besides a double ended driving range, Black Bear offers considerable short game training facilities.

"It is tremendously exciting to add this P.B .Dye designed course to our portfolio,” said Richard Horton, one of three partners. “Black Bear offers a unique and challenging links-style golf experience unsurpassed in Central Florida and is typical of the inventive and exciting course that is so much associated with the legendary skills in golf design that P.B. Dye is famous for.”

Black Bear is an opportunity to create a fantastic golf experience with both local and international appeal. The owners will be utilizing their European hospitality experience to attract Europeans to Black Bear’s challenging layout. Importantly for the local community the new owners are investing in the Central Florida area and adding employment in the golf business at a time when other courses are under considerable financial pressure.

“At Black Bear’s we saw a young, motivated and committed team that was willing to learn and adapt”, said Richard Horton, owner. “This economic environment requires thinking outside the box and we believe the staff at Black Bear will rise to the challenge.”

Black Bear was built in 1995 and has hosted seven U.S. Amateur Public Links qualifying tournaments as well as several NGA Hooters tournaments. Currently a select number of PGA and LPGA players call Black Bear their home.

For additional information visit http://www.blackbeargolfclub.com or call (352) 357-4732

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