Maryland Golf Course Portfolio for Sale
March 09, 2007 (PRLEAP.COM) Business News
Today, Fairway Advisors announces exclusive sales representation of Glade Valley Golf Club, located in Walkersville, Maryland and The Links at Challedon, located in Mt. Airy, Maryland. Both courses are consistently ranked as one of ‘The Top 100 Places to Play’ by Washington Golf Monthly. “These courses combined with Bear Creek Golf Club in Westminster, Maryland, are for sale by the same owner as a portfolio or individually,” says Fairway Advisors President Jeff Davis. Davis adds, “The three courses are located within fifteen miles of each other, offering marketing synergies and economies to scale.”
While there is no present asking price for either course, Glade Valley Golf Club was recently appraised for five million dollars. It has since undergone significant improvements to its overall conditioning and maintenance. The Links at Challedon has undergone similar improvements, and was appraised for 5.3 million.