Harris Golf, Maine’s leading golf real estate developer, has agreed in principal to sell one its most successful holdings, Boothbay Country Club, to a group of investors headed by longtime club member James Reeves and veteran Harris Golf employee Clayton Longfellow. The sale price of $4.5 million was announced October 14, at which point Reeves and Longfellow assumed immediate stewardship of the 300-member private club, located in the heart of Maine’s Mid-Coast.
According to Reeves and Longfellow, very changes are anticipated. “The membership structure and operation of the club will remain the same, and the plan is to operate as usual - while making continuous improvements to the course, the facilities and the members social calendar.”
In a golf market that had slowed well before the country’s housing market imploded, Harris Golf has conceived and opened several new projects, including the three-year-old Sunday River Golf Club in Newry, Me., just named to Golf Magazine’s “Top 100 Courses You Can Play” for 2008 (No. 82). This summer, it christened Old Marsh Country Club - the only new course to open in New England this year.
Harris Golf initially purchased the Wayne Stiles public course (only nine holes at the time) in 1994. During the next several years a second nine was added, took the club semiprivate, developed 21 real estate lots, and courted/hosted prestigious tournaments, including the 2005 Maine Amateur. The transformation of Boothbay Country Club reached an effective conclusion in 2007, when the club went fully private and, eight months later, capped its membership rolls at 300.
Financing for the purchase is being provided by Savings Bank of Maine.
For more details on golf in Maine, including a review of the top courses and clubs, download Maine Golf, or visit our website for more details.
Posted by: Michael Sosnowski
Categories:
Maine Outdoors
Maine Real Estate
Business News