SAN DIEGO, CA. – Heritage Golf Group announced today that Hillcrest Bank has taken possession of The Country Club of Whispering Pines and Foxfire Golf and Country Club, in Pinehurst, North Carolina, through foreclosure in a bankruptcy proceeding. Therefore, Heritage Golf Group, who was previously acting as Chief Restructuring Officer for the lender, is now in place under a full management agreement for both facilities.
As the management company, Heritage Golf Group now has full responsibility for all areas of operation at The Country Club of Whispering Pines and Foxfire Golf and Country Club, including sales, marketing, maintenance, and food and beverage.
“Under this new management agreement with Hillcrest Bank, we can provide unique personal attention to the operation through the skills of our senior staff,” said Andy Crosson, Executive Vice President of Heritage Golf Group. “We will provide significant resources towards improving operating efficiencies and operating results, all while maintaining a high quality level of service.”
Foxfire Golf and Country Club, opened in 1968, offers thirty-six holes of traditional golf designed by renowned golf architect, Gene Hamm. This premiere golfing destination offers two traditional layouts, Foxfire East Course and Foxfire West Course, each with its own unique character. Set among towering pines and over the rolling terrain of the Sandhills, each course provides a challenge for golfers of all skill levels. The classic golf design on both courses features Bermuda tees and fairways, as well as bentgrass greens.
Country Club of Whispering Pines, designed by the world-famous Ellis Maples, offers two championship golf courses that are rated among the best in the Carolinas. The 18-hole “East (Pines)” course, opened in 1961, features 7,138 yards of golf and is par 72. The 18-hole “West (River)” course, opened in 1974, features 6,363 yards of golf and is par 71. The impressive clubhouse features a fully-stocked Golf Shop, full locker room facilities for men and women, a restaurant, a bar, and a large banquet area. A driving range, a practice pitching green complete with sand bunkers, and two putting greens are available as well.
About Heritage Golf Group
Heritage Golf Group (www.heritagegolfgroup.com) began in 1999 with funding provided by the private equity firm, GTCR Golder Rauner, LLC. Since then, the company has grown an impressive portfolio of private and resort golf clubs around the country. The Heritage portfolio represents some of the most well-known and acclaimed properties spanning Georgia, Florida, Michigan, North Carolina, South Carolina and Texas. The company, led by Bob Husband, President and CEO, distinguishes itself through its dedication to unrivaled golf and uncompromising service.
Contact:
Andy Crosson
(858) 617-6105
