Property development company Redquartz Boundary (RQB) will make $58 million (€45 million) from a deal to buy and refurbish a hotel on the Sawgrass golf course in Florida, according to the company’s prospectus for investors.
The company’s fee will represent almost one third of the expected gross profit earned in the deal to take over Sawgrass, which is home to the Players’ Championship, known as the ‘fifth major’ competition in world golf....
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