SOLD – Elmwood Country Club, Westchester County, NY
Operating Golf Course/Sale/Redevelopment
The Country Club sold for $13,000,000
Keen-Summit Capital Partners LLC and Fairway Advisors have been engaged by the Club as its exclusive real estate advisors for this offering.
The Club is exploring its Strategic Alternatives and will consider all offers. The Club encourages the submission of letters of intent, by no later than the February 15th, LOI Deadline, for a:
- private country club continuing to offer golf and tennis via conversion to a non-equity private club, recapitalization and/or joint venture
- fee-simple sale of the property, or
- subdivision and sale of the Club, in whole or in part, for uses including but not limited to:
|o Golf Club operators||o Tennis & Pool Club operators|
|o Restauranteurs and Caterers||o Real estate developers|
Country Club Overview
This beautiful year-round, member-owned private club features a 6,600+ yard, Tillinghast-designed 18-hole golf course along with driving ranges and practice facilities; tennis center with 6 Har-Tru courts and winter bubble; an Olympic-sized swimming pool and cabana facilities; and year round fitness facilities. The stunning clubhouse (with restaurant and banquet facilities) overlooks the pool and first tee.
The Club is supported by its core membership and continues to sell new memberships and to book private parties and special events (weddings, confirmations, bar and bat mitzvahs) as it has for nearly 100 years.
Asset Type: Hospitality – Golf Course / Land
Description: Member Owned Country Club consisting of 18 holes with 6,600 +/- yards
Parcel Size: 110 Acres + 9.5 acre lease
Total Revenue 2016: $6,500,000
Total Member FY 2016: 250
Zoning: R-20, R-30, SFR
Special Permit Use: Country Club
Additional Use: Assisted Living