Golf News for Tuesday, August 19, 2014 | Business

Desert Pines Golf Club in Las Vegas sold to CF Arcis XI LLC and to be managed by Eagle Golf Management

LAS VEGAS -- As of Aug. 1, 2014, Desert Pines Golf Club of Las Vegas is no longer owned or operated by Walters Golf. In a recent sale, the resort-style golf course was purchased by Dallas, Texas-based Arcis Equity Partners. Arcis plans to implement a multi-million dollar capital improvement initiative over the next 18 months. Eagle Golf Management will manage and operate Desert Pine for Arcis.

Eagle Golf Management CEO Joe Munsch said, "Eagle Golf has managed municipal, public and private facilities throughout the United States since 1984. Our sustained success is the direct result of a deep understanding of the golf industry and a constant eye on the future of the game. Our track record speaks for itself. The facilities we manage are consistently recognized as the best in their market for course conditions, available amenities and customer service."

Open since 1996, Desert Pines Golf Club is a Dye Designs course. The club features thousands of mature pines, undulating fairways, and a design meant to emulate Sand Hill style courses located in the Carolinas. The course was owned and operated by Walters Golf from its opening until the transfer of ownership was finalized.

"Though we no longer own the course, we’re proud of the legacy we’re leaving behind. We couldn’t be happier with the new owners, and we’re confident the new management, Eagle Golf, will continue to elevate the quality of golf in Las Vegas," said Mike Luce, President of Walters Golf.

Walters Golf still proudly owns and operates two premium daily fee championship golf courses in Las Vegas, NV; Bali Hai Golf Club located on the Las Vegas Strip, and Royal Links Golf Club, a course that offers a collection of the best holes from around the British Open. Walters Golf would like to thank all of its valued guests and assure them that their Vegas Preferred benefits will gladly be honored at Royal Links and Bali Hai.

About Walters Golf
Walters Golf, a division of The Walters Group, has become one of the most widely respected golf companies in the country. From its first venture into the private country club market in 1995 to today’s ownership and operation of top-quality, daily-fee golf courses, Walters Golf continues its commitment to quality and profitability while offering customers excellent value.

Led by businessman and avid golfer Bill Walters, Walters Golf is known in the national golf industry for developing first-class golf facilities. According to Executive Golfer, Walters is "Nevada's leading golf entrepreneur" who "recognized the need for visitor and corporate friendly golf facilities and packages, and seized on the opportunity, investing millions in two magnificent properties."