John Pritzker, son of the late billionaire Hyatt Hotels founder Jay Pritzker, has bought a golf resort for $20 million. Blackstone Group LP, the buyout firm that owns Hilton Hotels Corp., sold the resort near Carmel, Calif., to an investment firm led by Pritzker. Pritzker, founding partner of San Francisco-based Geolo Capital, said his company will spend about $25 million to upgrade Carmel …

View original here: 
Pritzker buys golf resort for $20 mil. (Chicago Sun-Times)