Totally Florida Real Estate Blog

Monday, January 15, 2007

Ginn purchases Ocean Hammock Resort from Centex Destination Properties

Ginn Resorts announced the purchase of Ocean Hammock Resort, adjacent to Ginn Hammock Beach in Palm Coast, Fla. The purchase includes the AAA Four-Diamond Award-winning Lodge at Ocean Hammock and the Ocean Hammock Golf Club, a Jack Nicklaus-designed Signature course. The seller was Centex Destination Properties.

"We have an established presence in the area with Ginn Hammock Beach, The Gardens at Hammock Beach and The Conservatory at Hammock Beach," said Bobby Ginn. "The addition of Ocean Hammock Resort will enhance our member and guest experience and add value to our other development interests in the area. Acquiring Ocean Hammock Resort allows us to further deliver on our promise of a first-class, full-service resort and club experience."
Ocean Hammock Golf Club, the state's first true oceanfront course to open since the 1930s, has been singled out by top golf publications for its playability and setting.


Ginn has assumed both ownership and operating responsibility from Centex of the Ocean Hammock Resort. Ginn Club members and Centex's Ocean Hammock Club members will have the best of both worlds by gaining access to club facilities and membership privileges of both developers' properties, including world-class golf.


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