LPGA International close to deal

Consolidated-Tomoka Land Co. appears to be close to a sale of its two LPGA International golf courses in Daytona Beach, Fla. The deal with an undisclosed buyers is expected by the end of September, according to the Daytona Beach News Journal.

While the name is not being disclosed, Steve Ekovich, Consolidated-Tomoka Land Co.’s broker and advisor hinted that a South Florida-based company with about a dozen golf courses across the East Coast could be under contract soon.

The pending sale comes just months after a five months of negotiating a deal with C-Bons International Golf Group (CBIGG) that fell through at the end of July. That fell through after CBIGG walked away claiming the Mayor Dick Henry, who lives in the LPGA neighborhood, showed racial bias against the company due to its ties to China, an accusation he denies.

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