Northville Hills Golf Club Gets New Owner
The buyer, Wilson Golf Club, owns golf facilities around the country.
Northville Hills Golf Club has been sold for an undisclosed amount to the Wilson Golf Group, which owns golf clubs around the country.
Wilson owns other golf facilities in Colorado, Michigan, Minnesota and Wisconsin.
Here's more details from a press release, from Links Capital Advisors, announcing the sale:
"Boasting a design by the legendary Arnold Palmer, Northville Country Club is an 18-hole, 7,003-yard championship course with a slope of 132. Northville is one of the top daily fee courses in the Detroit metropolitan area. The unique layout encompasses native woodlands, natural wetlands, ponds and rolling slopes of Michigan Heather. The 10,000 square foot clubhouse is fully equipped with a pro shop, full service kitchen, dining room and a 200-person banquet room. Also on the property is a separate cart barn and maintenance facility.
According to Chris Charnas, President of Links Capital Advisors, 'Wilson purchased a great asset in Northville Hills. The property has always had positive cash flow, and a new owner with fresh eyes will do even better.'
Charnas represented the seller, Capmark Bank, in the transaction and the buyer, Wilson Golf, was not represented. Of the seven deals that Capmark took back from Carlyle, Links has sold two, Mequon and Northville and is marketing two, Silver Spring in Wisconsin and Bull Valley in Illinois, which is under contract."