Pronghorn Sold To Hawaiian Group | Bent
The Source Weekly’s reporting is made possible by the power of your support. Be a part of it!
Search
Settings

Saturday, February 11, 2012

Pronghorn Sold To Hawaiian Group

Posted By on Sat, Feb 11, 2012 at 8:00 AM

Pronghorn, the Jack  Nicklaus and Tom Fazio anchored golf and housing development that kickstarted the destination resort boom in Central Oregon, announced that it has been sold to a Hawaii-based resort development and management company.

Like other resorts Pronghorn has been hard hit by the housing collapse and had been struggling to keep the five-star golf resort and development afloat. However, the debt laden resort had struggled to find a buyer for the heavily leveraged property. HDDP holdings ultimately found a suitor in The Resort Group, which picked up $55 million in HDDP’s debt. The Resort Group, which also owns and operates Kauai's Princeville,  said they plan to complete the balance of the resort’s master plan, and most importantly, fund the day to day operations, allowing the golf courses and resort to continue to function.


Pin It
Favorite

Comments

Subscribe to this thread:

Add a comment

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

More by The Source Staff

  • Water Issue 2021

    Water Issue 2021

    From droughts to dams to glaciers and canoeing, there's lots to explore with water in Central Oregon
    • Jun 9, 2021
  • 2021 Summer Music Guide

    2021 Summer Music Guide

    Get your dancing shoes out from the back of the closet. These are all the shows we know about in Central Oregon this summer.
    • May 26, 2021
  • May 2021 Election Results

    May 2021 Election Results

    The latest election returns see conservative school board candidates in Bend-La Pine trounced by a 2-1 margin
    • May 18, 2021
  • More »

Latest in Bent

© 2021 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation