Mahogany Run Golf Course is sold to Florida company for $17 million

ST. THOMAS - The Ginn Co., a Florida-based real estate development corporation, has purchased Mahogany Run Golf Course and 95 undeveloped acres nearby from Contran Resorts Inc. for $17 million.

"This is a one-of-a-kind golf layout and experience in one of the most picturesque locations in the world," said Rich Hohman, executive vice president of asset development for The Ginn Co.

The Ginn Co. is a private corporation that is developing nine resort communities in Florida that it owns and one in South Carolina, according to the company.

Officials with Dallas-based Contran Resorts did not return telephone calls Monday seeking their comment on the sale. Contran Resorts bought the golf course in 1994.

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