A beautiful view showcasing the coastal landscape of The Club at New Seabury.
Concert Golf Partners has acquired The Club at New Seabury, a 36-hole golf course and beach club in Mashpee, for over $60 million. This marks a significant investment in transforming the club into a premier destination, revitalizing the golfing experience in the area. With legal disputes resolved and renovations underway, both members and guests can expect enhanced amenities and quality golfing experiences. This acquisition sets the stage for a bright future in Mashpee, attracting golf enthusiasts from everywhere.
Exciting news is blowing into Mashpee, the picturesque town hugging the coast! Concert Golf Partners, a Florida-based operator of golf courses, has officially made a splash by acquiring The Club at New Seabury, a sprawling 36-hole golf course and beach club. The jaw-dropping deal, sealed for just over $60 million, hugs a 300-acre slice of heaven, bringing fresh prospects for golf enthusiasts and beach lovers alike.
With this acquisition, Concert Golf Partners is gearing up to invest millions more into transforming The Club at New Seabury into a premier destination. This marks not just a milestone for the new owners but also the largest purchase in Concert Golf’s history, making way for their very first oceanfront club. Yes, you’re reading that right—golf on the coast!
Before this exciting takeover, The Club at New Seabury fell under the umbrella of Icahn Enterprises, run by billionaire investor Carl Icahn since 1998. Now that it has a new owner, golfers from Cape Cod to California’s stunning Monterey Peninsula can rejoice knowing that top-notch golf options are just getting closer and more accessible.
Good news continues for the hardworking crew at The Club—over 500 employees are now a part of the Concert Golf family. They eagerly look forward to being part of an upgraded club environment where both members and employees can thrive!
Now, while changes soar high, let’s not overlook some of the legal wrangling that has been brewing in the background. Members of New Seabury recently reached an agreement with club management to iron out some ongoing disputes involving changes to the membership structure. Four residents raised concerns related to a 1997 bankruptcy case, aiming to prevent any hike in costs that could limit access to club facilities.
The settlement permits pre-bankruptcy members to keep their current membership category or switch to a new one without the burden of additional initiation fees. This means no surprise hikes in dues, keeping things fair and square among members. The agreement does, however, grant the club some wiggle room to introduce new membership categories and adjust annual dues in the future. Approval from the court is still pending, with a hearing set for August 19 in Boston.
As change comes knocking, there are also improvements on the horizon. The Dunes Course recently underwent a substantial $1.5 million renovation aimed at boosting playability and enhancing the overall member experience. And if that weren’t enough to whet your golfing appetite, the Ocean Course is next in line for some exciting renovations that will embrace a more natural design alongside updated bunkering. The commitment to quality is evident, promising members a top-tier golfing experience!
But wait, there’s more! The New Seabury club isn’t just a golfer’s paradise; it also offers amazing accommodations. Stay-and-play cottages are available for guests who wish to enjoy a little getaway, making it easy for non-members to take advantage of the club’s beautiful features. Golf rates for guests are also friendly, set at $170 for the Ocean Course and $150 for the Dunes Course.
This latest acquisition by Concert Golf Partners stirs up excitement, signaling a bright future not only for The Club at New Seabury but also for avid golfers who can expect elevated experiences. It’s a fresh start that could very well put Mashpee and its stunning shorelines on the golfing map!
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