Irwin Golf Management Group of Denver made a “bona fide offer” for the purchase of the Durango, Colo., property. The semi-private club’s rules give members 30 days to match the offer, and another 30 days to secure financing and close on the purchase.
Dalton Ranch Golf Club in Durango, Colo., is exploring a purchase offer from Irwin Golf Management Group of Denver, the Durango Herald reported.
Club President Frank Sinton notified members by email Wednesday that the club had received a “bona fide offer for the purchase of Dalton Ranch Golf Club facilities” from Irwin Golf Management, the Herald reported.
Club rules give Dalton Ranch’s members an opportunity to match the offer. They have 30 days to match the offer, and another 30 days to secure financing and close on the purchase, the Herald reported.
Sinton and Irwin Golf Management did not return the Herald’s messages seeking comment by press time.
Dalton Ranch has a semi-private 18-hole golf course, a restaurant and residential homes. It’s a popular resort area for second homeowners and part-time residents. The course was built in 1991 by Finger Dye Spann Inc. of Katy, Texas, the Herald reported.
Though Dalton Ranch is semiprivate, it allows public play. Green fees range from $65 in the spring to $105 in the summer, including a golf cart. Memberships cost an initiation fee of $5,000, plus monthly dues of $270 for a couple or family and $170 for an individual. Dalton also offers a less expensive clubhouse membership, the Herald reported.
Tell Us What You Think!
You must be logged in to post a comment.