MYRTLE BEACH, S.C. — A company owned by a Chinese investment group is now the largest owner and operator of golf courses on the Grand Strand.
Local media outlets report that Founders Group International on Thursday acquired the majority of National Golf Management’s assets, giving Founders a vested interest in 22 golf courses in the Myrtle Beach area.
National had been the largest owner-operator with 12 courses and five others run through management contracts or leases.
Founders Group International now employs more than 1,000 people and is one of the largest private employers in the area.
The price of Thursday’s acquisition was not immediately released but property records show that since last year, Founders Group International has spent about $58 million acquiring golf courses and property on the Grand Strand.