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…
Talks for ClubCorp to Acquire Concert Golf Properties Reported
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.
White Manor CC Members to Vote on Proposed Sale to Concert Golf
The membership of the Malvern, Pa. club received an electronic invitation to take part in a vote on Friday, December 16, according to a local newspaper’s report. Since news of a possible sale began to circulate, several locally based parties have also come forward as potential buyers, the report said.
Crestview CC Completes Recapitalization with Concert Golf
The membership of the 95-year-old private club in Wichita, Kansas overwhelmingly approved the arrangement that will pay off all club debt, lower annual member dues, start $1 million of immediate capital projects and bar all future assessments on the membership.
Getting Back On Track at MacGregor Downs CC
The recent sale of the Cary, N.C., property has produced a new formula for success: Owners invest, professional managers operate, and members enjoy the club.
MacGregor Downs CC Maps Out Enhancement Program
Under the ownership of Concert Golf Partners, the Cary, N.C., property will update the on-course irrigation system, add decks for outdoor dining, and enhance amenities on Lake MacGregor, while adding a corporate membership opportunity.
MacGregor Downs CC Sold to Concert Golf Partners
The Cary, N.C., club’s board of directors opted to sell the 200-acre golf club for an undisclosed amount when it became apparent that the member-owned property would need to undergo costly capital improvements. Newport Beach, Calif.-based Concert Golf Partners purchased the property, noting that it will keep the club private and will be a long-term investor in the property.
Staying in the Game
Small-scale golf courses can appeal to a variety of golfers and attract the next generation to the game.