By David Droschak John McConnell has spent upwards of $100 million over the years compiling one of the nation’s most impressive private club portfolios. A good portion of that cash has been spent on the company’s anchor facility – Raleigh Country Club – from its $7 million rescue from bankruptcy in 2003 to a bunker…
State hosts PGA Championship, Wyndham in consecutive weeks By David Droschak If you love golf and love the state of North Carolina, then you will love the month of August here. For the first time ever, North Carolina will host PGA Tour events in consecutive weeks with the PGA Championship set for Aug. 10-13…
Private clubs across Triangle embracing shifting trends By Brad King A challenging economy, along with fierce competition and changing lifestyles have made attracting and retaining members at private clubs around the Triangle and the country increasingly difficult. As social institutions operating in the lifestyle industry, private clubs require facilities and programs suited to the times.…
By David Droschak Predicting real estate growth is far from an exact science. With the Research Triangle Park situated virtually equal distance from Durham and Raleigh, who knew more than 25 years ago that Wake County would become the king of bedroom communities and that its counterpart to the west would be playing catch-up ever…
By DAVID DROSCHAK All of John McConnell’s previous private club purchases across the Carolinas came as “financial saves,” but Brook Valley Country Club in Greenville added a different twist to that equation. The late Carlton Taylor was an original Brook Valley investor who McConnell knew from working together at Burroughs Corp. Taylor (who died in 2010) bought the club…
McConnell Golf, LLC has announced the purchase of its seventh premier golf club in the Carolinas, Sedgefield Country Club in Greensboro, N.C., a renowned Donald Ross design and site of PGA TOUR’s Wyndham Championship. Sedgefield CC’s membership debated the possible sale throughout most of 2010, and after considering all options decided that the sale to…