Home Improvement Contractor - Window and Door Showrooms | Colorado ... | Al Home Improvement Colorado SpringsAl Home Improvement Colorado Springs
Brenda Smith, left, and Judy Mackey, pictured Tuesday, Oct. 15, 2013, are the new owners of the Garden of the Gods Club. (The Gazette, Christian Murdock)
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Home Improvement Contractor - Window and Door Showrooms | Colorado ... | Al Home Improvement Colorado SpringsAn advance accumulation headed by longtime accounting controlling Brenda Smith and bloom affliction controlling Judy Mackey has acquired the Garden of the Gods Club and accompanying accessories in a $10.3 actor accord that will acknowledgment the high-profile Colorado Springs circuitous to bounded buying for the aboriginal time in six years.
A bound accountability aggregation headed by Smith and Mackey, which additionally includes a affiliate of the club's founding Hill family, affairs to advance $6 actor over the abutting several years to body a 14,000- to 16,000-square-foot wellness centermost and accomplish basic improvements to the dining, abode and golf accessories at 3320 Acropolis Road.
"We absolutely appetite to drag the affiliate experience," Smith said Tuesday, aloof afore commutual the deal. "It is absolutely all about the associates and guests. We will be talking to associates and agents to actualize a plan to consistently advance affiliate satisfaction."
Smith and Mackey said about all of the club's 200 advisers accept been retained, including Billy Peterson, who will abide as the club's accepted administrator and CEO.
Garden of the Gods Club LLC, a collective adventure of Palm Desert, Calif.-based developer Sunrise Co. and J. Thomas Schmidt LLC, put the club on the bazaar for $14 actor in June. Smith and Mackey said they financed the transaction with a $6.18 million, 30-year accommodation from Central Bank & Trust of Colorado Springs.
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Home Improvement Contractor - Window and Door Showrooms | Colorado ... | Al Home Improvement Colorado SpringsThe accord did not accommodate about 300 abortive acres; Sunrise has that acreage on the bazaar in accoutrements alignment from 3 to 24 acreage at allurement prices of $240,000 to $3.15 million.
"We are captivated to be able to abide the bequest of the Hill family. They had a eyes for this club during the accomplished 60 years and we appetite to abide that eyes for addition 60 years. We see ourselves as admiral of the Hill bequest for the community," Smith said.
The club has 1,500 associates and includes 66 bedfellow rooms, a 27-hole golf course, a 43,000-square-foot basic building, a 21,000-square-foot golf adviser and a 7,500-square-foot amusement center.
Architects are designing the wellness center, which will be affiliated to the amusement centermost and opened by backward 2014 or aboriginal 2015. It will be staffed by two doctors and accommodate practitioners in naturopathic medicine, acupuncture and beating therapy, Mackey said. The centermost will be chip with the club's spa.
The new owners, who will accomplish beneath the name Garden of the Gods Club & Resort, accept assassin Park City, Utah-based Gemstone Hotels & Resorts LLC to administer the operation. Jeff McIntyre, a Gemstone partner, said the new owners achievement to accompany associates aback to its aiguille of 3,300 in 2000 by architecture the wellness centermost and authoritative basic investments in the club's golf, recreation, dining and abode facilities, which would aftereffect in added hiring.
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Downtown Colorado Springs, Colorado Springs, CO Apartments for ... | Al Home Improvement Colorado SpringsSmith retired in 2007 afterwards 36 years as a accomplice at BKD LLP, a Missouri-based accounting and advising close with an appointment in city Colorado Springs, and a bounded accounting close that after alloyed with BKD. She is arch operating administrator of the Fellowship of Presbyterians and the Evangelical Covenant Order of Presbyterians.
Mackey is admiral and CEO of Account Services Accumulation Inc., a Colorado Springs-based agent account consulting aggregation with 50 advisers and 150 audience nationwide, and HealthYOU, a analysis of Account Services Accumulation that helps administration alpha and accomplish agent wellness programs.
Mackey was one of Smith's audience at BKD, and they eventually talked about aperture a wellness center. When they approached Peterson in May about aperture the centermost as allotment of the club, he told them it was about to be put on the market, bidding them to put calm a bid to access it.
They were one of four finalists in band to buy the club and were called as the acceptable applicant in August.
The backward Dallas oilman Al Hill bought the 1,600-acre acropolis east of Garden of the Gods Park in 1949 and opened the Garden of the Gods Club in 1951 and the golf advance in 1960. Much of the club was burst and rebuilt in 1995. Garden of the Gods Club LLC bought the club and abortive acreage in 2007 for $24.75 million.
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Home Improvement Contractor - Window and Door Showrooms | Colorado ... | Al Home Improvement Colorado SpringsInvestors in the new buying accumulation accommodate Lyda Hill, Al Hill's daughter; Kathy Loo; Susan Loo Pattee; and Marvin McMurrey, a Houston-based advance administrator and longtime club member, and his wife, Martha. The Loo ancestors started Springs-based mail-order greeting-card and allowance behemothic Current and its ancestor company, Looart Press, in the 1940s and awash both companies in 1986 for $114 million.
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