The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 24, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Las Vegas Country Club Sold by Its Members

1/29/18

Las Vegas Country Club, a private, member-owned club in the heart of the Las Vegas Resort Corridor, was sold by its members to Samick Music Corporation (SMC), a U.S. subsidiary of Samick Musical Instruments Co, Ltd., one of the world’s largest musical instrument manufacturers. SMC, through its subsidiary, also owns and operates Redhawk Golf Club, an award-winning daily fee golf course in Temecula, California.

Las Vegas Country Club (LVCC) boasts incomparable views of the Las Vegas Strip, while the Club’s two-story, 54k sf clubhouse, with its striking architecture and storied past, was a frequent hangout of the Las Vegas elite including Elvis Presley, Dean Martin and Frank Sinatra. It features casual and formal dining rooms with kitchens on both levels, a board room, meeting rooms, member’s grille, large outdoor terrace on the upper level, locker rooms with saunas and steam rooms, card rooms, golf and tennis pro shops, barber shop, seamstress and administrative offices.

The challenging LVCC golf course opened for play in 1967 and was designed by Ed Ault, a successful pioneer in golf course design who is credited with the systematic coordination of pin placements and tee marker locations, which today is common practice on golf courses across the country. The classic course served as host to 20 PGA Tour and LPGA Tour events before undergoing an extensive, $5.4 mil renovation in 2009. Additional recreational amenities include a swim and fitness facility, four outdoor tennis courts and two indoor tennis courts, plus an entertainment center with golf simulators, racquetball court, pool table and club lounge.

CBRE represented the LVCC members in the transaction, who sold their club to Samick Music Corporation (SMC), a U.S. subsidiary of Samick Musical Instruments Co., Ltd., one of the world’s largest musical instrument manufacturers. SMC, through its subsidiary, also owns and operates Redhawk Golf Club, an award-winning daily fee golf course in Temecula, California.

Jeff Woolson and John Knott with CBRE represented the LVCC members in the transaction. The sale price was not disclosed.

Woolson commented that “Las Vegas Country Club is a big part of the Las Vegas community with a fascinating history. The new owners have a unique opportunity to add to the club’s legacy and capitalize on the growth occurring in Las Vegas, including the pending $1.4 bil expansion of the adjacent Convention Center.”






Return to the previous page
 
 


 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media