Pinehurst Resort on verge of acquiring National GC
Friday, March 14, 2014
Pinehurst Resort is on the verge of acquiring National Golf Club, a Jack Nicklaus signature design.
In a March 14 email to members, Jay Biggs, the resort’s senior vice president of golf and club operations, said the plan is to combine National’s membership with that of Pinehurst No. 7, creating a new membership category. In his letter, Biggs said the acquisition would provide members with access to National’s pool and tennis facilities at no extra cost.
“With access to nine courses and all of the other incredible facilities, programming and events, this new club concept presents a member experience and value to rival any in the world,” Biggs wrote.
The acquisition is pending a 70-day due-diligence period before the deal is finalized. In his letter, Biggs said once the sale is completed, National’s clubhouse will be renovated and its course conditions will be upgraded. Biggs said the resort also would consider the “possibility of a more direct access road between the two clubs, which sit on opposite sides of U.S. 15 North.
“I hope you, as Pinehurst members, appreciate this opportunity to add yet another great course to the Pinehurst family,” Biggs wrote to members. “Our timing is amazing as the eyes of the golf world will soon be on Pinehurst for the back-to-back U.S. Opens. We will be able to showcase this exciting new member concept, which will raise the image of both clubs significantly, and we believe will increase the value of the real estate within both developments. We are hoping to make club history!”
The pending acquisition reflects Pinehurst’s increased emphasis on enhancing amenities for its membership. That includes plans, once the men’s and women’s Opens are played in June, to build a swimming pool near the member’s clubhouse, not far from the first tee of Pinehurst No. 2.