A group of 44 local investors bought the Foley, Ala., club from Textron Financial, providing enough funding to purchase the course outright, as well as buy new maintenance equipment and fund clubhouse and kitchen improvements. The club will offer a new membership option that will include tee-time opportunities throughout the weekend, and after 1 p.m. during the week at a decreased price.
Affiniti Golf Becomes Mosaic Clubs & Resorts
Former Troon Golf CEO Hud Hinton is joining Affiniti Golf founders Whitney Crouse and Steve Willy as CEO of the new management firm. Mosaic Clubs & Resorts’ portfolio will initially include five to seven clubs, and will also continue to manage clubs under an Affiniti banner.