A group of 11 investors will purchase the Kingston, N.Y., property and change the business model to include public use of the 18-hole golf course, while offering member-only benefits. The purchase price has not been reported, and the club should begin operating under the new owners by next spring. Members of the financially struggling Wiltwyck…

Over the past year, the Kingston, N.Y., club has leased out the food-and-beverage business, opened the course to the public, slashed dues, and eliminated “equity” investments by new members as part of an effort to reduce costs and increase revenue. The property has been on the market since September, with the asking price recently dropping…

The 63-year-old Kingston, N.Y., property will cease operations, citing a decline in membership and increasing operating costs. The property was put on the market in August, listed for $2.9 million, and according to Board of Directors president Steve Digilio, there are “several interested buyers.” Wiltwyck Golf Club in Kingston, N.Y., will shut down on November…