The Charlotte, N.C., property is turning 60 this year and will commemorate the anniversary with events. But the city’s oldest public, 18-hole course is almost certain to be in its final year, as the club has agreed to sell to Meritage Homes, which plans to build 350 houses on the 140-acre property. When Barron Connell…
McConnell Golf Acquires Providence CC
The purchase of the 27-year-old private club in Charlotte, N.C. brings the Raleigh, N.C.-based ownership company’s total portfolio to 12 properties in the Carolinas and Tennessee. McConnell says it plans $4 million in improvements at Providence, including new fitness and activity areas and upgrades to the clubhouse and golf course.
ClubCorp to Acquire Six Golf Clubs for $44M
ClubCorp plans to purchase Bermuda Run (N.C.) CC; Brookfield CC in Roswell, Ga.; Firethorne CC in Marvin, N.C.; Ford’s Colony CC in Williamsburg, Va.; Legacy GC at Lakewood Ranch in Bradenton, Fla.; and Temple Hills CC in Franklin, Tenn., from Stratford Golf Partners and Accord Golf Capital.
Heritage Enters Monitoring And Consulting Agreement With Texton Financial
San Diego, Calif.-based Heritage Golf Group signed a short term monitoring and consulting agreement with Textron Financial Corporation to provide oversight of the operations at Firethorne Country Club in Marvin, N.C. Firethorne CC, located just southeast of Charlotte, N.C., is an 18-hole championship golf course that boasts natural rock walls and ponds against a forest…
Firethorne Country Club Files Bankruptcy
Firethorne Country Club, Waxhaw, N.C., filed to reorganize under bankruptcy protection earlier this month as the club narrowly avoided a hearing on a lender’s petition to have the club handed over to a receiver, reports the Charlotte Business Journal. Textron Financial Corp. filed suit against Firethorne in U.S. District Court in Charlotte. That…