In a landmark transaction valued at R104 million, the renowned Oubaai Golf Resort, Hotel, and Spa, located in Heroldsbay near George, has been successfully acquired by a prominent private equity firm based in the United Arab Emirates (UAE). The buyer, boasting extensive global interests in Real Estate, Leisure, Technology, Digital Marketing, and Industrial sectors, marks a significant investment in South Africa's hospitality and leisure industry. 

The sale was facilitated by In2assets, a leading property firm in the country, with Hein Hattingh, Managing Director at In2assets, spearheading the negotiations. Hattingh revealed that the R104 million deal was executed as a going concern, emphasizing the strategic vision the buyer holds for Oubaai's future. The buyer, who was present in person to finalize the acquisition, is no stranger to the world of golf and hospitality.

The firm owns, among other notable properties, the world-famous Abu Dhabi Golf Club, a world-class facility renowned for hosting the Abu Dhabi HSBC Championships on the DP World Golf Tour. 

Hein Hattingh shared insights into the buyer's ambitious plans, expressing a commitment to revitalize the Oubaai Resort and Golf Course into a premier, world-class golf facility. The 18-hole Ernie Els Signature Golf Course was rated 28th in Golf Digest's Top 100 courses in 2012. 

The Oubaai Golf Resort and Hotel and its accompanying facilities have long been celebrated for their picturesque setting, and the Clubhouse, with its breathtaking 180-degree sea views, stands as a testament to the property's unrivalled charm. The Oubaai Hotel, a focal point of the resort, boasts an impressive array of amenities. With 100 rooms and guest suites, multiple restaurants and bars, a Spar, swimming pool, tennis and squash courts, retail units, and more, the hotel caters to the diverse needs of its guests, ensuring a luxurious and comprehensive experience. 

The acquisition of Oubaai by this distinguished UAE-based private equity firm is anticipated to further elevate the region's standing, enhancing its popularity and international appeal on the global golf stage. 

Hattingh expressed his optimism about the impact of this acquisition on South Africa's economic landscape and heralds a new chapter for Oubaai, promising not only a revitalized golf experience but also a significant contribution to the region's economic growth and international allure.

The commitment by the buyer to rejuvenating and elevating Oubaai into a world-class golf facility aligns with the broader vision of positioning South Africa as a premier destination for leisure, hospitality, and golf enthusiasts worldwide.