Oceanico buys North Carolina golf resort for $500 million
Saturday, 5 January 2008
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 has been expanding throughout the year, buying five golf courses in Vilamoura, Portugal in March 2007 for â‚¬125 million and opening two luxury resorts, the Vilamoura Golf & Garden Resort and Royal Obidos Spa & Golf in Portugal.