A couple Pinehurst-area golf courses in foreclosure get a second chance with new management
Two distressed golf properties in the Carolina Sandhills near Pinehurst have been turned over to the bank, but they’re not shuttering up.
Foxfire Country Club and the Country Club of Whispering Pines, both 36-hole properties, were recently seized through foreclosure by Hillcrest Bank. But it looks like the bank isn’t planning on shutting the doors. A release today shows they’ve have called upon Heritage Golf Group to manage both properties.
So it looks like these clubs, while facing some uncertainty with the bank at the helm, will stay open. That is opposed to another Pinehurst-area course, the Pit Golf Links which was closed and sold to the Dedman family, owners of the Pinehurst Resort, who said as of now they have no plans of reopening the course.
What is interesting to me is that both Foxfire and Whispering Pines are two well established clubs dating back to the 1960s, not new courses built in the 1990s or early 2000s that seem to be the courses over-leveraged the most these days.
A relatively new management company founded in 1999, Heritage Golf Group owns a collection of golf courses on Hilton Head Island including Palmetto Hall and Oyster Reef, and also own a handful of TPC network properties like TPC Michigan and TPC Piper Glen in Charlotte.
Both Foxfire and Whispering Pines are available to the public.
Foxfire offers both stay-and-play packages as well as tee times on NorthCarolinaGolf.com. A preliminary search shows morning Foxfire tee times running for about $55. Whispering Pines is more of a private club with some stay-and-play packages offered.
If you’ve played either, let us know how they are through our WorldGolf.com exit polls.
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