Billionaire Huizenga buys Frederica resort
Monday, October 11, 2010
ST. SIMONS ISLAND, Ga. – Billionaire entrpreneur Wayne Huizenga is the new owner of coastal Georgia’s Frederica Club, a 2,500-acre golf resort built by the Sea Island Co.
Wells Fargo & Co. announced the sale to the former Miami Dolphins majority owner Thursday, nearly a year after it foreclosed on the property on St. Simons Island.
The sale price for the Frederica Club was not disclosed.
Huizenga also owns the Diamond Creek Golf Club in North Carolina. He formerly owned the Boca Raton Resort and Club, the Arizona Biltmore and the Floridian Golf Club and Marina.
The Frederica Club foreclosure happened before Sea Island filed for bankruptcy protection in August. The company’s remaining assets are scheduled to be sold at auction Monday in Atlanta.