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Oceanico buys North Carolina golf resort for $500 million

Posted by admin under General, Golf Travel, Latest Golf News, USA

Property developer Oceanico Group has moved into the US market with the $500 million acquisition of North Carolina golf resort.

The company bought the 630-acre Little River Golf & Resort at the end of December and will take over golf, property and holiday operations at the site.

Little River Golf & Resort: One of North Carolina’s Premier Golf Resorts

Little River is one of the area’s Premier golf resorts. It is a Golf Digest “award winner” and was chosen by The Washington Golf Monthly as “A Best New Course for 1996.” Already a landmark in the world of equestrian sports, Little River has now become a legend among world-class golf resorts. Sculptured from 450 acres of rolling hills and featuring nearly 200-foot elevation changes, Little River Golf & Resort’s course offers narrow rivers and thick forests.

Little River Golf & Resort’s History

Renowned golf course architect, Dan Maples, established Little River Golf & Resort in 1996. Maples was born only a few miles from the waters of the Little River, and has brought a dedication to this course that no other architect could. His achievement is both a gift to the golf resort community where he grew up and a challenging experience for golfers everywhere.

Oceanico

Oceanico has been expanding throughout the year, buying five golf courses in Vilamoura, Portugal in March 2007 for €125 million and opening two luxury resorts, the Vilamoura Golf & Garden Resort and Royal Obidos Spa & Golf in Portugal.