Champions Retreat in Evans, Georgia – the host club for the first two rounds of the Augusta National Women’s Amateur each year – is being sold to Dallas-based Arcis Golf.
Terms of the deal, slated to close Friday, have not been released. News of the impending sale was emailed to Champions Retreat members, as first reported in the Augusta Press. The impending sale was confirmed independently by Golfweek, although an official statement has not been released to news organizations.
The private Champions Retreat near Augusta consists of three nine-hole courses designed by Arnold Palmer, Jack Nicklaus and Gary Player. The ANWA is played each April on Palmer’s The Island nine and Nicklaus’ The Bluffs nine before moving to Augusta National Golf Club for the final round the Saturday before the Masters begins. The club also features oversized and luxurious cabins with a top-notch food and beverage program. The club has opened its gates to guests during Masters weeks in recent years.
Champions Retreat was founded in 2005. Its reputation began to take off in 2014 when it was purchased by Bill Forrest, founder of the Connecticut-based private equity firm Tower Three Partners.
Arcis Golf, founded in 2013, operates nearly 70 private, resort and daily-fee clubs around the United States. Its properties include TPC River’s Bend in Ohio, Cowboys Golf Club in Dallas, Grayhawk Golf Club in Arizona and Tijeras Creek Golf Club in California. Arcis Golf is supported by the private equity firm Arcis Equity Partners, LLC.
..
Click Here to Read the Full Original Article at Golfweek…