A West Coast golf course operator pitched in nearly $6 million to buy a Henrico County country club earlier this month and has another $2 million in upgrades in store.
San Diego-based Heritage Golf Group paid $5.79 million for the Dominion Club in Glen Allen, according to recently updated county records.
Heritage bought the club from local builder and developer HHHunt in a deal that closed Jan. 6. Neither side would disclose the price at the time, and county records did not immediately reflect the sales price.
The deal included the sale of Dominion Club’s land and all its facilities, including the golf course, tennis center, swimming pools and its large clubhouse. A total of 221 acres changed hands.
The sales price far outpaces the money fetched by other local golf courses that have sold in the last year or so.
Prince George Golf Club was purchased by a prominent local real estate developer in December 2013 for $400,000. The Crossings Golf Club near Virginia Center Commons was sold for $2.4 million in October to an affiliate of a New York investment firm.
Gary Dee, head of sales and marketing at Heritage, said the company has about $2 million in upgrades planned for Dominion Club over the next few months. That will include work on the golf course, including the bunkers and cart paths, as well as the clubhouse, tennis courts and the addition of a fitness center.
“Really the operating areas will get some upgrades,” Dee said. “We’re going to be giving the club a bit of a face-lift.”
Heritage owns eight other courses and clubs around the country, including four on Hilton Head Island in South Carolina, two TPC courses in Florida and a course in the suburbs of Houston. This is its first club in Virginia.
HHHunt still owns Hunting Hawk Golf Club, located not far from Dominion Club.
The sale took the Dominion Club out of HHHunt’s hands for the first time in its 22-year history. The company opened the club in 1992 as the centerpiece of its Wyndham residential community.
HHHunt put the club on the market after a prolonged bankruptcy and legal dispute with some of its 780 members over initiation deposits.
Heritage was the prevailing bidder in an open sale process held late last year. The bidders also included a group of members that wanted to see Dominion Club become member-owned.