Two Genoa Lakes courses purchased
January 22, 2014
Both Genoa Lakes courses have been purchased, according to a letter sent to members Wednesday morning.
Genoa Golf Group IV LLC is buying the courses, which have been in receivership for more than a year.
Golf course general manager Lou Eiguren said the new buyer consists of four entities: a family trust, two limited-liability corporations and operating partners Fred and Marla Gartrell of Reno.
According to the listing for the company on the Nevada Secretary of State's website, Fred Gartrell is the company manager and resident agent for the company.
"The operating partners have appointed a three-person management team headed up by myself and includes Victoria (McClure) in administration and Superintendent Dan (Cordle)," Eiguren wrote.
He credited Century 21 Clark Properties co-owners Jim and Shele Pandl for bringing the buyers forward.
Rumors of the golf course being in escrow have been swirling through Carson Valley for weeks.
Current members will be billed for their January dues in the next few days, after the close of escrow, Eiguren said. February dues will be billed Feb. 1.
The two Genoa golf courses, which comprise 36 holes and 564 acres, have been for sale by owner MDA Enterprises for several years. In November 2012, a receiver was appointed to operate the courses after an attempt to sell them fell through.
There is no word on how much Genoa Golf Group paid for the courses.