Triple Crown Corp. to Buy Blue Ridge CC

The real estate developer in Harrisburg, Pa., plans to combine the Blue Ridge operations with neighboring Colonial Golf and Tennis Club, which it bought in 2009, to create a “super club” that will be run by Brown Golf Management.

Triple Crown Corp. of Harrisburg, Pa. has a definitive agreement in place to purchase Blue Ridge Country Club in Palmerton, Pa., the company’s CEO, Mark DiSanto, told CentralPennBusiness.com. The deal is expected to close April 30, DiSanto said.

In 2009, Triple Crown acquired neighboring Colonial Country Club, now known as Colonial Golf and Tennis Club, after the club defaulted on its debt and went into foreclosure.
The real estate development company expects to take over the Colonial operations on May 1, DiSanto said.
”The concept here is to create a ‘super’ club,” he said.

Triple Crown bought Colonial to diversify its portfolio. It turned the club into a semi-private facility because membership wasn’t strong enough to maintain it as exclusively private, company President John DiSanto added.

The combined clubs will offer a unique experience for members, John DiSanto said, with one membership fee paid to access both clubs.

“They understood the value of our offer with combining both clubs,” he said, referring to the shareholders who put Blue Ridge on the market.

Triple Crown does not plan to develop anything more on the grounds at either club, he added.
“We see the benefit to run this as an ongoing business,” John DiSanto said, expressing a hope to bolster Blue Ridge’s banquet and special-events business.

South Carolina-based Brown Golf Management runs Colonial and will also manage Blue Ridge, DiSanto said.

Tags: Blue Ridge Country Club Brown Golf Management CentralPennBusiness.com Colonial Golf and Tennis Club Harrisburg Pa. John DiSanto Mark DiSanto Triple Crown Corp.