October 3, 2006 – Dallas, Texas – Fairway Advisors has been retained as the exclusive advisor in the sale of Mountain Laurel Golf Club located in White Haven, Pennsylvania. Mountain Laurel is an 18 hole championship, semi-private club designed by Geoffrey Cornish. Fairway Advisors’ marketing campaign for Mountain Laurel will begin this week.
Jeff Davis, President of Fairway Advisors, comments, "Mountain Laurel Golf Club is situated on 178 acres, 87 of which are zoned Commercial District and abut Interstate 80. The remainder of the property is zoned Resort Commercial District. Mountain Laurel’s improved conditioning and recent capital improvements make it an attractive golf course investment. The underlying zoning has also attracted real estate developers."
Pure Golf, a golf management company based in Maryland, was hired to improve the golf course’s conditioning. "The golf course is in really good shape. However, a new owner may determine the property is better suited for an alternative use," says Davis.
Davis says he has received a large amount of interest from investors prior to marketing. 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
