Sea Path Investments LLC has acquired the Rees Jones, Willard Byrd, and Dan Maples golf programs and industrial property in Sea Path, a resort in North Carolina that sits lower than an hour from Myrtle Seashore, finishing a years-long effort to revitalize the event.
In response to a information launch, Robert Hill and Donald Bean, co-owners of Riptide Builders, and Parker Smith, proprietor of Golf Trek, are companions in Sea Path Investments LLC.
Listed here are 5 issues to know in regards to the current acquisition.
Sea Path Investments additionally owns different properties in Sea Path
Sea Path Investments LLC is working to revitalize Sea Path, growing new residential, industrial, and leisure properties throughout the group. In March, Sea Path Investments acquired the Sea Path Conference Heart, which has been dormant for a number of years, a 15-acre adjoining tract of land, and the Village Exercise Heart.
With Riptide Builders main the trouble, Sea Path Investments has made vital enhancements to the group, together with renovating the Sea Path Conference Heart with state-of-the-art upgrades. The conference heart is scheduled to re-open in early December.
Sea Path Investments has added a brand new companion
Upon the acquisition of the golf programs, Sea Path Investments additionally added a brand new companion, Sandesh Sharda, and shaped a brand new restricted legal responsibility firm, Sea Path Golf Resort. Sharda not too long ago bought the Rivers Edge golf course in Shallotte and is within the technique of buying The Worldwide Membership of Myrtle Seashore.
The partnership with Sharda encompasses the golf operations, conference heart, the long run lodge and resort amenity web site, and the resort rental program.
New homeowners have a bunch of plans to revitalize the Sea Path Conference Heart in Sundown Seashore.
Sea Path Golf Resort in North Carolina was acquired by Sea Path Investments LLC. (Wilmington StarNews file photograph.)
Plans for the Sea Path group embody a lodge
The 150-room resort-style lodge will likely be situated on the 15-acre tract of land adjoining to the conference heart. Extra plans for the tract embody a state-of-the-art driving vary that includes prime tracer know-how, and a follow and leisure facility.
East Coast Golf Administration has been employed to handle the golf programs.
In response to the information launch, the corporate, based mostly in Murrells Inlet, South Carolina, will handle “all points of golf course operations, together with meals and beverage,” and will likely be instrumental in managing the conference heart. The golf programs’ new homeowners have supplied East Coast with the finances to rent further personnel and buy new gear.
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The golf programs will see vital upgrades
Sea Path Golf Resort plans to take a position tens of millions in updates and enhancements to the golf programs and amenities, together with an entire renovation of the Jones Byrd Clubhouse. The clubhouse renovations are anticipated to be accomplished by March 2024.
