Sawgrass Marriott files for Chapter 11

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11:41:30 PM ET. 04/23/2014




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When Tiger Woods made his apology Feb. 19 at PGA Tour headquarters in Ponte Vedra Beach, Fla., many of the onsite media wondered why they were charged $100 to $250 for Internet access at the Sawgrass Marriott.

Monday brought perhaps some clarity: Sawgrass Marriott’s owners filed for Chapter 11 bankruptcy protection.

“This action is in response to the current global economic environment and the fact that an agreement on a restructure with the lenders could not be reached,’’ said Jeff Mayers, general manager of Sawgrass Marriott Golf Resort & Spa, which is owned by Redquartz Boundary Ltd. of Dublin, Ireland. “This process will protect the resort and allow us to continue to operate business as usual. We are firmly committed to maintaining our world-class operation and foresee no changes in the day-to-day operations at Sawgrass Marriott Golf Resort & Spa.”

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