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As thousands of golf fans converge on Medinah Country Club for next week’s Presidents Cup, an adjacent golf course is hitting the market as a potential redevelopment opportunity. Chicago-based Arbor Lodging has hired brokers from Jones Lang LaSalle to seek a buyer for the 102-acre Eaglewood Resort & Spa golf course at 1401 Nordic Road in northwest suburban Itasca, according to a marketing flyer. The course itself is up for sale, while Arbor intends to retain the 295-room hotel on the resort property, which it bought out of distress last year for $28 million. The listing comes amid a post-pandemic surge in golf participation that has turned many courses from money-losing investments to profitable ones. But JLL frames Eaglewood as something else: a prime candidate to be transformed into a residential subdivision — with the hotel and resort property as a neighboring amenity.
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