Escalante Golf acquires Carolina Trace CC

Escalante Golf has expanded into North Carolina with the acquisition of the Carolina Trace Country Club in late July.

Carolina Trace is a private club in the Carolina Trace Community, a residential area near Pinehurst, NC. Its two, 18-hole courses, known as the Lake Course and the Creek Course, were designed by architect Robert Trent Jones Sr. The club opened in 1972 and features a clubhouse and recreational facilities that Escalante will soon begin the process of renovating.

David McDonald, President of Escalante Golf, said his company is honored to work with the club and has major changes in store for its facilities.

“We are planning significant improvements for the club that will add to its stature,” said McDonald in a statement. “Work will begin next spring on a major facelift for the Lake Course.  This will include laser leveling and rebuilding all tee boxes, adding length to several holes, reconstructing all bunkers and replacing all cart paths.  The end result will be a fantastic golf experience for our members and their guests.  We will also make other improvements to the club including a new state-of-the-art fitness facility.”

Carolina Trace is Escalante’s second acquisition this year, following its purchase of Sonoma Golf Club in May 2014. The company’s portfolio now features 18 properties across eight states, including four in Texas, where the company is headquartered.

David McDonald and brothers Robert and Elcio Silva founded Escalante in 1991. The company owns and operates many of its own properties, while also managing properties for clients, with a focus on high-end, luxury golf courses.

Hilda W. Allen Real Estate handled the sale for the private equity club.

“We had three final offers with two in the best and final stage, subsequently the select member group interviewed them, whereby Escalante Golf was chosen,” Hilda Allen said in a statement. “

The club chose Escalante in May and the sale closed in late July. The purchase price was above the expected listing price, Allen said.

On the prospect of working with Carolina Trace, McDonald said his company is excited to bring value to the 1,600 home community.

“We hope to create tremendous excitement within the community and the surrounding area,” he said.

Comments

Don't believe anything that Escalante says. They bought the club that I formerly was a member of 4 1/2 yrs. ago and instead of making improvements like they said (which included a new fitness center) they have done nothing but skimmed all the money they could off the top and are running the courses (45 holes) on a shoe-string budget.

I attended a luncheon where a buffet luncheon was served, there was a lot of food left over, we asked for some take out containers and were told that Escalante did not allow them to give us this containers, this does not make sense. We asked to speak to the manager who told us we could not take the food out with us that they would give the left overs to The Bread Basket which was okay with us, he also said the chefs would use some to make soup. As far as I know that is against the law, I think that the person/facility who is sponsed this event should be allowed to take the left overs.I would love for someone to let me know what your ruling is on this subject. Thank you Jean Browne Proud Air Force Mom

Add new comment

By submitting this form, you accept the Mollom privacy policy.
If you enjoyed this article and would like to sign up for a FREE digital subscription, click here!