British resort property sold

 

Hunley Hall Hotel and Golf Club, in Brotton, North Yorkshire, England, has been sold out of foreclosure for €2.25 million.

Savills handed the sale on behalf of Grant Thornton LLP. The identity of the buyer was not disclosed.

Featuring picturesque views of the North Yorkshire cost, the facility had gone into foreclosure in early 2008.

Former caddie buys Ontario golf club, plans upgrades

 

Hollinger Golf Club in Timmins, Ontario, Canada, has been sold to a man who as a youth worked as a caddie at the club.

Dr. Tony Kos, now a family physician in Timmins, purchased the club out of receivership for an undisclosed sum.

Kos reportedly plans to implement a five-phase series of improvements at the course that will include development of a new clubhouse. Construction of a new practice facility featuring target greens and bunkers is already underway and is expected to be complete at some point during the 2009 golf season.

U.S.: Dye to design latest at Reynolds Plantation

Acclaimed golf course architect Pete Dye will design Richland, the sixth golf course at the popular Reynolds Plantation on Lake Oconee, Ga.

Inducted into the World Golf Hall of Fame in November, the 82-year-old Dye joins Bob Cupp, Jack Nicklaus, Tom Fazio, Reese Jones and Jim Engh on the list of golf course architects to build courses at Reynolds Plantation. Cupp designed the community's first course, the Plantation Course, in 1988. 

Mexico: $7.5 billion resort in works

A new golf and beach resort is planned along Mexico's Pacific coast in the city of Escuinapa.

The $7.5 billion development will not only feature seven miles of beach and multiple golf courses, but will also include hotels, condominiums and a marina.

The Mexican government will provide approximately $500 million in public funds to help finance the yet-to-be-named development, with private investors expected to contribute the additional $7 billion needed to complete the project.

Partnership acquires Whitetail Club & Resort

A
partnership made up of several Idaho businessmen has purchased the
18-hole Whitetail Club and Resort in McCall, Idaho.

The
sale price for the course was $2.5 million. The partnership includes
John Sabala and Alscott Real Estate LLC. The seller was San Diego
businessman Doug Manchester.

The
new owners have not yet decided on changes in operations or
additional improvements to the course.

Ohio club sold for $4.2 million

Water
Golf Ltd. has purchased StoneWater Golf Club in Highland Heights,
Ohio, for $4.2 million.

Cleveland
investor Steven Calabrese is a partner in Water Golf. Aberdeen LLC,
led by James Skoch, is the seller of the Hurdzan/Fry-designed,
7,045-yard private club that originally opened in 1996.

Monthly
membership dues at the club range from $325 to $395.

Credit crunch costs Anderson four projects

Golf course community developer Lyle
Anderson Cos. has turned over control of four of its largest
properties in the U.S. and Europe to the lender.

Loch Lomond Golf Club in Scotland,
Hokuli'a in Hawaii, Superstition Mountain in Arizona and Las
Campanas in New Mexico all have been taken over by the Bank of
Scotland, which had partnered with Anderson on the developments.

Bulgaria: Braemar to supervise Thracian Cliffs project

Braemar
Golf, a Scotland-based management company, has been named to
supervise construction of Thracian Cliffs Golf and Spa Resort in
Bulgaria.

The
company also is expected to manage operations of the 18-hole Gary
Player-designed golf course when it opens for play in 2010.

Located
on a cliffside along Bulgaria's Northern Black Sea coast, the
resort also will include a luxury hotel, spa, residential properties
and marina.

Egypt: New Giza course planned near Pyramids

A
new 18-hole golf course will be built on hills overlooking the
ancient Pyramids near Giza.

The
architectural firm of Thomson Perrett & Lobb is designing the
course that will offer scenic views of the Pyramids.

The
project - called New Giza, Egypt -- will include residential areas,
a resort, university, school and hospital.

Construction
of the course, which will descend into the site of a former quarry,
is expected to start early next year.

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