I’ve heard stories about Herb Kohler’s appetite, but recent conversation about the Prince of Porcelain pertains to his consumption of property, not desserts. That’s the way it works when you have capital in a down economy. Kohler (pictured above) is feasting while everyone else is cutting back.On Monday I was told by a legitimate source that a deal is in the works for Kohler to rescue Sea Island Resort in Georgia, even though neither side is willing to confirm. Not yet.
I reached Scott Anderson, the President of Kohler Co. Hospitality and Real Estate Group, and let's just say he didn’t deny that a deal is imminent. “We’ve always said that Kohler Co. has an interest in iconic properties and resorts, both in the U.S. and around the world,” Anderson told me. “Certainly Sea Island fits that bill. However, we have not entered into any contractual agreement to purchase the resort.”
But Kohler, who already owns the American Club in Wisconsin, would be a perfect fit for Sea Island. (The Lodge at Sea Island is pictured above.) And you also have to figure he could get what Golf Digest considers the second-best golf resort in the country, for a very good price. Last year Kohler told me he had been approached by financially desperate Erin Hills in Wisconsin and Sea Island about the potential for bailouts.He told me Erin Hills didn’t fit his portfolio, and it wasn’t the right time to consider Sea Island.
We know from an article in the Atlanta Business Chronicle that Sea Island, the “posh but debt-riddled resort and seaside community” is actively seeking a buyer. But Sea Island denies any reports of a sale to Kohler Co.
“That rumor has been around now for months and months and months,” said Merry Tipton, a spokesperson for Sea Island. And Tipton wasn’t comfortable discussing the subject. She had the same response to several questions: “I don't think we ought to go there.”
In December Kohler bought Hamilton Hall in St. Andrews (pictured above), which is the big red building that sits behind the 18th green of the Old Course. (He hinted to the acquisition on this blog in November.) A nice addition to Kohler’s Old Course Hotel, which overlooks the Road Hole, Hamilton Hall, essentially an abandoned building, is going to take a lot of work and large sums of money to make it a worthwhile business venture. I figured that would keep Kohler content. At least for a little while.Well, it has been a little while since December -- and a man has got to eat.
--Matty G.











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"That's a stupid price. Impossible." That's what one editor said when I told him about this deal.
If I could say it, I'd curse it.
--Matty G.
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