Asheville, NC – March 28, 2013 – Hi-Alta Investments, an Asheville-based real estate investment firm, has purchased Etowah Valley Country Club, a popular course for Western North Carolina locals and tourists. The transaction was finalized today and comprises of the purchase of the golf course and all amenities, including a 75-unit lodge.
The business will operate under the new name, Etowah Valley Golf Club and Lodge and remains open for business. Prior to the acquisition, the golf course was at risk of shutting down because of an earlier Chapter 11 bankruptcy filing.
“We are excited to be able to keep this well-known and respected course in business,” says Kevin Griffin, Hi-Alta’s owner and president. “Etowah Valley has been a staple in the golfing and tourism community for generations.”
Etowah Valley Country Club was established in 1967 by former Hendersonville mayor, Frank Todd Sr. Over the years, Todd and his family developed the 240-acre property to include a 27-hole championship golf course, several lodging accommodations, a restaurant, clubhouse, croquet field, a swimming pool and tennis courts.
Griffin is encouraged by the excitement and buzz about the golf course remaining open and looks forward to growing the membership base, as well as opening up more amenities to the general public.
“The Todd family worked extremely hard over the years to keep this scenic property an active part of the community,” explains Griffin. “Unfortunately, the recession nearly crippled the operation. It was just unforeseeable. We look forward though to continuing the family-owned tradition and building upon their hard work and perseverance.”
One addition that Griffin is eager to announce, is the opening of a new sports bar and grill in the clubhouse. The restaurant is open to the public and includes a full bar and large-screen TVs.
“With warmer weather just around the corner, we are ready to embark on a busy golfing and tennis season,” says Griffin.
The Edmund Alt-designed course is located in heart of the Etowah community, just outside of Hendersonville, NC on Brickyard Road. The course and all amenities remain open to members and the general public.