Japanese Buy Pebble Beach Company
PEBBLE BEACH, Calif. (AP) _ Pebble Beach Co., owner of golf courses and resorts on Monterey Bay, has been purchased by Japanese-owned Ben Hogan Properties, company officials announced Wednesday.
The purchase price of the property, which was owned by a real estate partnership, was not disclosed.
Pebble Beach Co. owns and operates two luxury resorts and several prestigious courses - the Pebble Beach Golf Links, The Lodge at Pebble Beach and the Inn and Links at Spanish Bay. It also owns Spyglass Hill and Del Monte Golf Courses, 17-Mile Drive and substantial real estate parcels on the Monterey Peninsula.
″We are committed to operating Pebble Beach at the same high standards that everyone has come to expect of this world class property,″ David B. Hueber, president of Ben Hogan Properties, said in a statement.
Company officials said they expect no changes ″in the management personnel or management style″ of the resort area.