The sale of the Holly Springs, N.C. club includes provisions to pay off all club debt, freeze member dues rates, inject nearly $1 million into capital projects at the club and bar any future assessments on the membership. The Club at 12 Oaks is the centerpiece amenity of the 912-acre 12 Oaks community, which includes […]
Concert Golf Chairman Peter Nanula informed members of the 16 clubs that would have been sold to ClubCorp that “the fit just wasn’t right.” Nanula added that his firm would now refocus on “adding more fine clubs to our boutique portfolio.” Clubs owned by Newport Beach, Calif.-based Concert Golf Partners have been informed by Concert’s […]
Members of Philmont Country Club in Huntingdon Valley, Pa, received an e-mail on April 15thfrom Concert Golf Chairman Peter Nanula that said his company had entered into discussions with ClubCorp to acquire 16 of Concert’s clubs, including Philmont, according to a Philadelphia Inquirer report. Nanula and a ClubCorp spokesperson would not comment further when contacted about the message.
Residents of the Lake Worth, Fla., community voted to sell to the management company for an undisclosed sum, ending residents’ mandatory membership in the club. It is unclear how the sale will affect plans to sell parts of the property’s three golf courses to a housing developer. The Lake Worth, Fla., community has voted to […]
The 104-year-old club in suburban Minneapolis voted against selling to Concert Golf Partners and will remain self-managed. “Contrary to published reports, Golden Valley Country Club is not bankrupt, nor are we approaching bankruptcy,” said President Drew Fernholz. The club is engaging restoration expert Keith Foster to complete a master-planning project for its A. W. Tillinghast-designed golf course and is also launching a new “Friends and Family” membership initiative.
The California-based owner-operator plans to make more than $1 million in improvements, including expanding and renovating the fitness center, upgrading the reception area and upgrading outdoor dining. According to an article in The Palm Beach Post, members of Indian Spring Country Club (Boynton Beach, Fla.) voted 221-2 to sell the club for an undisclosed price to Concert Golf […]