Singerman Real Estate and Meriwether Companies plan to invest more than $10 million to renovate the nearly 90-year-old Los Angeles facility, with minor improvements beginning in the coming weeks, and major projects beginning in early 2016.
Beverly Hills Country Club in Los Angeles has been acquired, and the new ownership group plans to invest more than $10 million to renovate the facility, with construction starting in 2016.
Minor improvements will begin in the coming weeks and months, and major projects including a complete renovation of the clubhouse, pool area and general landscaping will begin in early 2016.
Singerman Real Estate, a Chicago-based investment firm, and its partner Meriwether Companies, a club, hospitality and resort development firm, have closed on the purchase in their first joint venture.
“The Beverly Hills Country Club has served the local community for almost 90 years and we are excited to help ensure it remains a place for Southern California families to gather and socialize for the next 90 years,” said Meriwether Companies Managing Partner Graham Culp. “We look forward to serving future generations of Southern California families.”
Founded in 1926, Beverly Hills Country Club has enjoyed a long history of providing high quality facilities, services and dining to meet the needs of the community’s top business and social leaders and their families. The 34,000-sq. ft. clubhouse is situated on four landscaped acres. Among the club’s amenities are ten lighted championship tennis courts, dining and social facilities, a gym with personal fitness training programs and classes, and a Junior Olympic heated swimming pool.
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