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Steve_ Shaffer

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Quail Hollow CC in Concord, OH sold for 9M
« on: August 28, 2020, 09:22:41 PM »
2 courses: Devlin/Van Hagge & Wesikopf/Moorish




https://www.clubcorp.com/Clubs/Quail-Hollow-Country-Club/Amenities/Golf/Courses


Website has it as a Club Corp property. Did they sell it? If so, to whom? Article is for subscribers only. Did members buy it?




https://www.crainscleveland.com/sports-business/quail-hollow-golf-course-sells-9-million


Found this: Quail Hollow Country Club in Concord Township has a new owner but retains the familiar management after Dallas-based ClubCorp sold the golf property for $9 million.
« Last Edit: August 29, 2020, 11:59:43 AM by Steve_ Shaffer »
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Ronald Montesano

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Re: Quail Hollow CC in Concord, OH sold for 9M
« Reply #1 on: August 28, 2020, 10:02:41 PM »
I know nothing about the sale nor the intended use, but I don't know that either course will be missed, should either or both close. With the exception of nearby Little Mountain, no courses in Cleveland have worse terrain for golf (now that the fish hatchery at Thunderhill is closed.)
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Steve_ Shaffer

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Re: Quail Hollow CC in Concord, OH sold for 9M New
« Reply #2 on: September 01, 2020, 10:11:57 AM »
It's a sale/leaseback deal


Sculptor Capital Management, which recently bought a pair of courses in North Carolina and Georgia from ClubCorp through sale/leaseback arrangements, has fashioned a similar agreement for the Concord Township, Ohio property and its two 18-hole golf courses. ClubCorp will continue to manage the facility.

https://clubandresortbusiness.com/clubcorp-sells-quail-hollow-cc-for-9m




Sculptor buys and operates real estate with funds raised from institutional investors such as family offices, pension funds and sovereign funds. The company includes golf courses among other commercial real estate investments totaling $30 billion. Sculptor was known as Och-Ziff  Capital Management Group until Sept. 12, 2019.
« Last Edit: September 01, 2020, 10:31:47 AM by Steve_ Shaffer »
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"Some of us worship in churches, some in synagogues, some on golf courses ... "  Adlai Stevenson
Hyman Roth to Michael Corleone: "We're bigger than US Steel."
Ben Hogan “The most important shot in golf is the next one”
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