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Ohio's Country Club of the North Sold to Escalante Golf
Escalante Golf has purchased Country Club of the North (CCN) from Oak Tree Capital, LLC. Located in Beavercreek, Ohio, Country Club of the North features Jack Nicklaus Signature Design golf course, a 42,000-square-foot clubhouse, clay tennis courts, a swimming pool and fitness facilities.
Situated along the banks of the Little Miami River, the course stretches more than 7,000 yards and has hosted many championships over the years, including events on the LPGA and Celebrity Tours. A 289-lot master planned community surrounds the club.
"Country Club of the North is an outstanding addition to our repertoire of superior clubs. We are very selective in the properties we choose to be part of Escalante and look for opportunities with high potential and great people," said David McDonald, Escalante Golf's president. "As our first investment in Ohio, we are very excited to join the Country Club of the North's community and help it to continue its history of excellence."
Paul Malonson, who will continue as general manager of the club, said of the ownership change: "This is great news for the members and community of Country Club of the North. Escalante's commitment to developing first-class properties will help our club maximize its sterling reputation."
Escalante Golf is a boutique owner and operator of clubs around the country. Operating partners David McDonald, Elcio Silva and Robert Silva manage the company. Escalante Golf was established in 1991 and has owned and operated numerous golf properties throughout the United States. Escalante Golf plans to continue their growth strategy by acquiring several more properties in the upcoming year.
The purchase of Country Club of the North was accomplished in conjunction with investor and partner Ron Huston. Jeff Woolson with CB Richard Ellis Golf and Resort Properties Group in Carlsbad, Calif., brokered the transaction.
For more information about Country Club of the North, visit www.countryclubofthenorth.com.
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