Arcis Equity Partners, which recently purchased Desert Pines Golf Club in Las Vegas, is planning a multi-million-dollar update of the overall facilities over the next 18 months.
The plan includes overall updates and modernization of the golf course, clubhouse and practice facilities. More specifically, money will be spent on the covered practice-range building and on amenities associated with the practice facility.
Arcis, a private equity firm that specializes in leisure and is also based in Dallas, purchased the course on Aug. 1 from Walters Golf, which continues to own Royal Links Golf Club and Bali Hai Golf Club, which are also in Las Vegas.
Dallas-based Eagle Golf Management will run the facility.
"Operations will change and hopefully be improved beyond where they are today," Eagle Golf Management CEO Joe Munsch said. "Walters Golf ran a great operation and our goal is to improve on that. The course has a good location that is close to the Strip, the economy in Las Vegas is improving, and we believe that the course can perform at a higher level with improved amenities and service levels."
Other than hiring a new general manager, Munsch said he doesn't expect major turnover in key positions.
"We will be looking to add services in areas like golf instruction and improve the services on the course and in the clubhouse," he said.
Desert Pines is one of six golf courses Arcis Equity has purchased in recent months, and it was recently announced that the company is buying 48 courses, many of which are in Texas, from the CNL Lifestyle Real Estate Investment Trust.
"The Desert Pines purchase fits very well with the Arcis core business plan commitment to buy quality golf and leisure assets in major metropolitan areas," Munsch said.
Eagle Golf Management has managed municipal, public and private facilities throughout the United States since 1984.
Open since 1996, Desert Pines Golf Club is a Dye Designs course. Featuring thousands of mature pines and undulating fairways, it is a design meant to emulate Sandhill-style courses located in the Carolinas.