Atlanta-based investment firm Cygnus Capital Real Estate Advisors acquired the Jackson Hole, Wyo., property in February and has already invested $11.5 million. A $2 million golf course redesign by Tom Weiskopf that will include a short game area is expected to be complete by next May.
Atlanta-based investment firm Cygnus Capital Real Estate Advisors has launched a multimillion-dollar reinvestment plan for the 554-acre Snake River Sporting Club in Jackson Hole, Wyo., starting with the completion of a 26,000 sq. ft. clubhouse facility, and plans for ongoing property enhancements, including a collection of luxury cabins in 2014.
The club has been in foreclosure proceedings since 2010. Cygnus acquired the property this February, and has already invested $11.5 million in it.
Tom Weiskopf’s firm has been engaged by Cygnus to lead a $2 million golf course redesign at Snake River, including a new short game area. Superintendent Greg Ornowski has continued to maintain the course since its 2008 closure. It will reopen for play next May.
“Snake River Sporting Club is the perfect marriage of rugged nature and authentic Western lifestyle,” said Cygnus founding investor Christopher Swann. “With six miles of private access to the Snake River and 3.5 million acres of national forest in their backyard, our members and owners are presented with an array of engaging opportunities to immerse themselves into the wilderness and adventure of this place.”