The Coore & Crenshaw-designed Dormie Club in Pinehurst, N.C., has been sold to a Nebraska-based company, Hainoa LLC, for $7 million and will join the Dormie Network, which will add the club to a small-but-growing nationwide network of destination clubs.
Dormie Club opened in 2010 to rave reviews, landing highly on pretty much every Best New Courses list. The course features 110-foot elevation changes, three natural lakes and a feel inspired by the Scottish Highlands but set in the sand hills of the Tarheel State. There are several drivable par 4s, creative bunkering placements and wind tunnels to take advantage of the prevailing breezes. The 6,883-yard course has a 241-yard reverse Redan as a highlight.
Developer MHK Ventures Inc. paid $15 million in December 2007 to purchase the land on which the course sits as well other surrounding land for real estate development. They spent nearly $10 million on the golf course development, which is about 30 percent of the total property, according to The Pilot of Moore County, N.C.
The original plan was for Dormie Club to be wholly private, but it quickly became public amid the recovery from the Great Recession. It has remained that way. However, as part of the Dormie Network, it is now semi-private and will be members-only in 2020 and beyond. The facility will receive a number of upgrades, including a new clubhouse, halfway house and other amenities for overnight guests.
Landscapes Unlimited, LLC, will manage the club, adding to their portfolio of 55 clubs under management.
The Dormie Network now has four clubs, all purchased in the last few years under separate LLCs before forming the network name with this acquisition. Dormie Club joins Briggs Ranch Golf Club in San Antonio, Texas; ArborLinks in Nebraska City, Neb.; and Ballyhack Golf Club in Roanoke, Va. as part of the network. All of the clubs are ranked in the top 10 in their respective states. Individual national and corporate memberships include full privileges at all of the facilities.
The Dormie Network is the brainchild of the Peed family, which is using funds from its publishing and livestock holdings for buying exceptional golf courses that have become distressed for one reason or another, trying to turn them into destination clubs.