Fox Run Properties acquires Okemo Valley Golf Club in Vermont for USD2.71m
Fox Run Properties LLC has acquired the 279-acre Okemo Valley Golf Club in Ludlow, Vermont. Fox Run is a special purpose company established for the acquisition and operation of the former Okemo Valley club.
The club, which has been renamed as the Fox Run Golf Club, has majestic views of Okemo Mountain, and includes a nationally ranked par-70 course, clubhouse, indoor golf training centre, and restaurant, as well as 120 open acres with future development potential. The Okemo Valley draws thousands of visitors annually, who come to enjoy year-round recreation enhanced by fine dining, picturesque villages, and breathtaking scenery.
The seller, Vail Resorts, purchased the club along with the adjacent Okemo Mountain ski resort in 2018. (source: Vail Resorts buys Okemo among other properties | The Chester Telegraph)
The new ownership has embarked on extensive renovations of both the greens and the club facilities, which had begun before the acquisition transaction was completed. McAlpine Contracting served as general contractor and design-builder for all renovations.
According to the club’s new General Manager Janine Corning: “The renovation allows the property to offer vastly improved facilities to golfers, their families, and guests.”
“Fox Run Properties is excited to introduce a series of upgrades and developments to provide an enhanced golfing experience and to create custom living and hospitality options,” says Fox Run President and CEO Troy Caruso. “In Phase I, we have upgraded the golf course and its amenities. Two future development phases will include adding hospitality and luxury senior housing components, as well as other expansions of the golf club’s services and facilities.”
New York-based general contractor McAlpine Contracting completed the renovation of the course facilities under a design-build contract. According to McAlpine Vice President John Nolan: “The first phase of renovation work had a budget of USD1 million and was completed on an accelerated schedule.”
The renovations have been extensive. “Upgrades included new flooring; lighting fixtures; finishes; audio visual systems; and heating, air conditioning, and ventilation systems. A new stone feature wall accentuates the pro shop. The former conference room has been rebuilt as a new cigar room and there is a new, upscale catered event space designed for weddings, rehearsal dinners, corporate events, anniversaries, birthdays, and other special events for up to 50 people, in addition to larger events of up to 200 people to be hosted in the renovated main restaurant,” adds Nolan.
In the winter, the property houses the Okemo Valley Nordic Center, with a total of 14 miles of Nordic track trails and eight miles of dedicated snowshoeing trails. To accommodate recreational snowmobile users, Fox Run offers direct access to the vast regional snowmobile trail system, as well as indoor snowmobile parking and gas refilling.
According to Caruso: “Fox Run has plans for two subsequent phases of expansions to develop the 120 unimproved acres on the property. An upscale senior living complex, with a preliminary budget of USD25 million, will be constructed in Phase II, while Phase III will include the construction of a USD15 million hotel.”