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Ridge golf course changes hands
Quadrant Homes has sold the Tournament Players Course (TPC) at Snoqualmie Ridge to BrightStar Golf Group, a California-based firm that manages five other golf properties in California and Colorado.
The new owners will continue to host the annual Boeing Classic PGA Champions Tour tournament for at least a couple of years, said Peter Orser, president of Quadrant Homes, which has managed the course since it opened in 1999.
The tournament has "been a positive influence in the area, but it's up to [BrightStar] to work with the tour about future events," Orser told the Valley Record.
BrightStar plans to "shine things up a little bit inside the clubhouse" and add more family programming, the firm's founder and CEO, Bill Keogh, told the Valley Record.
"There seems to be a big demand for family recreational activities," said Keogh, adding that BrightStar is exploring options for "junior programming for golf and other activities."
Other BrightStar-owned clubs feature fitness facilities, swimming pools and tennis courts. Keogh said his firm might be interested in working with the city of Snoqualmie to add more amenities to the property.
"We'd like to see it become a center of recreation and entertainment," Keogh said.
Many of the TPC's employees will stay on, but BrightStar has replaced senior management, including the club manager and field manager, Orser said.
Quadrant had been planning the sale for years.
"We intended to sell it when it was mature and operating. We're not in the golf course business, so it doesn't make sense for us to continue it into perpetuity," Orser said.
TPC at Snoqualmie Ridge is the only Jack Nicklaus-designed signature club in the Northwest. The 222-acre property is part of the Snoqualmie Ridge master-planned community. The "Tournament Players Course" designation means the Snoqualmie Ridge course has been designed and constructed to accommodate the PGA professional golf circuit and major tour events.
BrightStar Golf's acquisition of TPC at Snoqualmie Ridge marks the first Pacific Northwest addition to the company's portfolio.
Quadrant, which received six offers for the property, chose BrightStar's offer based on price, as well as the firm's management competency, Orser said.
"It's not a mega-owner," Orser said. "They're pretty focused on a small portfolio. They're well-capitalized with good experience."