October 3, 2006 – Dallas, Texas – Fairway Advisors has been retained as the exclusive agent in the sale of Bear Creek Golf Club located in Westminster, Maryland. Bear Creek is an 18 hole, par 71, semi-private club built in 1989. Fairway Advisors has been named today for the marketing and negotiation of this sales transaction.
Jeff Davis, President of Fairway Advisors, comments, "Bear Creek was acquired in July 2005 as part of a 17 golf course portfolio. Ownership has been making improvements since they acquired Bear Creek. It had substantial deferred maintenance and required upgrades before it could be put on the market."
Pure Golf, a golf management company based in Maryland, was hired to improve the golf course’s conditioning. "The course has vastly improved under the management of Pure Golf. Players are commenting about it being in the best shape they have ever experienced at Bear Creek. A new owner will have a turn key facility at a fraction of replacement cost," says Davis.
Davis says he has received a large amount of interest from investors prior to the marketing launch. He expects to receive multiple offers and to select a buyer by November. Information about this opportunity can be obtained by visiting Fairway Advisors’ website www.fairwayadvisors.com.
Contact:
Jeffrey Davis
Fairway Advisors
(214) 485-1500
jeff.davis@fairwayadvisors.com
