Editor's note: This article has been updated to better reflect the sale price.
Escalante Golf acquired Kingsmill Resort officially on Wednesday for $30.7 million, according to a news release from the buyer and the James City County Clerk of the Circuit Court documents.
Texas-based Escalante Golf owns and operates 15 golf course properties throughout the country, according to its website. Escalante has acquired nine country clubs and golf resorts since 2011.
“Kingsmill Resort is one of the most iconic resorts on the east coast, started more than 45 years ago by the Anheuser-Busch Company. It has hosted some of the best-known names in golf, including the PGA...