Ownership of TPC Tampa Bay transitions to Heritage Golf Group

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PONTE VEDRA BEACH, Fla. -- The PGA TOUR announced today that it has sold TPC Tampa Bay to San Diego-based Heritage Golf Group (HGG). TPC Tampa Bay is the fifth TPC property to join the Heritage Collection of clubs as part of a strategic alliance between the PGA TOUR and HGG. Under the terms of the sales transaction, which has officially been completed, TPC Tampa Bay will be owned and managed by HGG, but will continue to operate under the TPC brand through a license agreement.

TPC Tampa Bay (Badz/PGATOUR)

"Our strategic alliance with Heritage Golf Group is a logical extension of our efforts to provide PGA TOUR Experiences for our members and guests," said David Pillsbury, President of PGA TOUR Golf Course Properties. "By harnessing the natural synergies between our companies, we can deliver a better, more valuable golf experience for our collective members and guests. This alliance represents a significant step towards making this unprecedented strategy a reality. We are confident the transition of TPC Tampa Bay to Heritage Golf Group will be seamless for members and guests."

Twenty-five year golf-industry veteran Bob Husband, President and Chief Executive Officer of Heritage Golf Group, added, "On behalf of Heritage Golf Group and our more than 1,200 dedicated employees, we are thrilled to work in collaboration with the PGA TOUR to continue our relentless pursuit of providing members and guests with the best possible club experiences, while at the same time preserving the integrity and rich heritage of the game of golf."

TPC Tampa Bay is located at 5300 West Lutz Lake Fern Road, Lutz, Florida 33558.