The two properties — The Club at Sonterra and Silverhorn Golf Club — are part of C-Bons International Golf Group Management LLC’s portfolio of 20 private clubs and golf courses across the U.S. The Club at Sonterra in San Antonio’s Stone Oak area has two golf courses. The North Course was built in 1985, while the South Course opened in 1954. Silverhorn is home to a par-72 course featuring a pair of creeks that cross its 15th hole.
C-Bons International Golf Group Management LLC is looking to sell its portfolio of 20 private clubs and golf courses across the U.S., San Antonio Business Journal reported.
San Antonio, Texas is home to two of those properties up for grabs — The Club at Sonterra and Silverhorn Golf Club.
“At this time, with the state of the industry at its highest point in decades, we feel that now is the time to divest these clubs to another ownership or investment group,” CBIGG Senior Vice President & Chief Operating Officer Randy Jones wrote in a letter to the club members obtained by the San Antonio Business Journal.
The Club at Sonterra in San Antonio’s Stone Oak area has two golf courses, San Antonio Business Journal reported. The North Course was built in 1985, while the South Course opened in 1954. The club also has multiple meeting and event venues including the Grand Ballroom and Terrace Patio.
Silverhorn is home to a par 72 course featuring a pair of creeks that cross its 15th hole, San Antonio Business Journal reported. The club also has a driving range and a 19th Hole restaurant and pub.
CBIGG has 13 golf clubs in Texas, as well as two in Arizona and one in Nevada. The firm plans to sell those 16 properties as a single portfolio rather than individually.
CBIGG has begun that process and could have a deal in place by fall.
San Antonio Business Journal reported in November that an unaffiliated property, San Antonio Country Club, was embarking on a multimillion-dollar improvements plan at a time when the industry has seen a post-pandemic resurgence in play.
“All the outdoor sports saw an increase in activity over the last three years and it continues to be that way,” San Antonio Country Club General Manager Marvin Jones said.
That resurgence has no doubt contributed to CBIGG’s optimism over a potential deal.
“We expect that we should be able to transfer ownership by September, if not a little sooner,” Jones noted.
CBIGG also owns four properties in the Northeastern U.S. that it plans to sell separately as part of a regional transaction, San Antonio Business Journal reported.
Jones said CBIGG’s Asia ownership group has invested hundreds of millions of dollars to acquire the portfolio of clubs and courses and has executed major physical improvements to those properties over the past several years.
“We anticipate a lot of interest from groups that currently own and operate other clubs throughout the country. We’ll also no doubt see some considerable interest from private equity-backed investors who are interested in the golf, leisure and lifestyle space,” Jones stated.