Two former Warrior Golf courses sell

Lakota Canyon Golf Club in New Castle, Colo. and Heddes Hideaway Golf Club in Spartanburg, S.C.
  • The Lakota Canyon Golf Club
  • Heddles Hideaway Golf Club

A property management firm acquired The Lakota Canyon Golf Club in New Castle, Colo. for $1.5 million, and a timeshare veteran acquired Heddles Hideaway Golf Club in Spartanbury, S.C.

Both had been owned by Warrior Golf, which was forced into bankruptcy in early 2019. These are the fifth and sixth courses to sell in the portfolio, with others expected to close soon, said Chris Charnas, the broker who is selling the properties.

Warrior Golf acquired 15 courses between 2009 and 2014. Founder Brendan Flaherty solicited investors to acquire the properties. But those efforts got it into legal problems after a Florida court held that Warrior had mislead an elderly Florida man who invested more than $1 million. 

In March 2019, Force 10 Partners, based in Los Angeles, was hired to restructure the company. It hired Links Capital Advisors led by Charnas to develop a strategy for selling the golf courses. Charnas sold four of Warrior’s courses in 2019, and placed a portfolio of six on the market at the start of 2020. Two of those courses have now been sold piecemeal — Heddles Hideaway Golf in South Carolina and Lakota Canyon.

Lakota’s new owner, The Romero Group, is based in nearby Basalt, Colo. and owns a majority of the Snowmass Village Mall. It has experience in hospitality, but not in golf. 

“This acquisition leverages our core expertise in residential sales and commercial leasing activities, grown by many years of relationship building through the greater valley area,” principal Dwayne Romero told the local newspaper. 

The acquisition included 122 acres of developable land adjacent to the course, which opened in May 2004. Romero said the land could be used for residential and mixed-use neighborhoods. 

“We know and understand the long-term need for attainable housing and the supporting neighborhood commercial services, situated in vibrant communities. Combined, Lakota Canyon and New Castle offer great potential in this regard.”

Ken McKelvey acquired Heddles Hideaway. He is founder and CEO of South Carolina based Defender Resorts.

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