Monday, June 27, 2016

Anschutz grows his leisure empire

Posted By on Mon, Jun 27, 2016 at 1:33 PM

click to enlarge The Broadmoor is Anschutz's flagship leisure property. Now he owns another one. - CASEY BRADLEY GENT
  • Casey Bradley Gent
  • The Broadmoor is Anschutz's flagship leisure property. Now he owns another one.
Philip Anschutz, the billionaire owner of the Gazette, The Broadmoor and the Staples Center in Los Angeles, has added to his stable of entertainment/leisure venues with the recent purchase of Sea Island, according to the Atlanta Business Chronicle.

Anschutz, who recently did a deal with the City of Colorado Springs that didn't cost him a penny and gives his Broadmoor holdings a 189-acre boost in open space, bought Sea Island from Oaktree Capital Management of Los Angeles, Capital Avenue Group of New York, and Starwood Capital Group of Greenwich, Conn., which, with Anschutz, bought it out of bankruptcy in 2010 for $212 million, the Chronicle reported.

Also from the Chronicle:
Sea Island is home to The Cloister at Sea Island, The Lodge at Sea Island, The Spa at Sea Island, and the Georgian Room restaurant. It also has five miles of private beach on Georgia's southeastern coast, a Beach Club, tennis and squash centers, Yacht Club, Shooting School and Camp Cloister.
Rooms range from $525 to over $1,000 a night, according to Sea Island's website, depending on what kind of package deal you're seeking. The Broadmoor's charges are similar.

Surprisingly, the Gazette ran the story on Page 2 of its Sunday business section. In the past, news about The Broadmoor's additions, renovations and expansions have received more prominent treatment. Ironically, Sunday's business cover carried a story about the Springs reportedly becoming ground zero for more austere living than can be found at Sea Island and The Broadmoor — that being tiny homes.

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