Out-of-State Group Buys Victoria National
NEWBURGH - One of the highest-profile golf courses in the state has a new owner. Victoria National Golf Club in Newburgh has been sold to Nebraska-based Dormie Network by the Victoria Partners Team, which acquired the course from its original owners in 2010. Tom Fazio designed the course and it opened in 1998.
Dormie Network's Zach Peed says "Victoria National simply couldn't be a more perfect fit. It's an absolutely exceptional course with premium amenities, and it's secluded from roadways and residential housing. It's exactly the caliber of club Dormie Network members are looking for." The group now owns five courses throughout the country, including Dormie Club in North Carolina, Ballyhack Golf Club in Virginia, ArborLinks in Nebraska and Briggs Ranch Golf Club in San Antonio. "It's not just about growing Dormie Network," Peed added in a news release, "it's about reinvesting in course conditions and amenities in ways that add value to the pure golf experience for our members and their guests."
The new owners say maintenance equipment and golf carts will be upgraded immediately and long-term plans include upgrading green condition management technology and "several capital improvement projects." The price of the acquisition was not disclosed.
Victoria National covers more than 400-acres on land that includes reclaimed coal mines. The Victoria National website says its golfing membership totals 170 and 100 are social members. In late 2016, developers announced a $55 million residential community planned near the course that received $2 million from the state's Regional Cities Initiative. You can connect to more about the Dormie Network acquisition by clicking here.