A group of eight local investors have agreed to purchase Fowler’s Mill Golf Course in Chesterland, Ohio, from EAGLE Golf.
Sale price of the 27-hole facility designed by Pete Dye and located about 30 miles outside of Cleveland was not disclosed. Five of the investors own the nearby Chardon Lakes Golf Course and a spokesman said the property will be a good fit for the new ownership group.
He said the buyers expect to expand the golf outing and banquet business at Fowler’s Mill, which has an indoor facility that can seat up to 300 people. The course also includes a casual dining grill and outdoor pation. Other recreational amenities include a sand volleyball court and horseshoe pit.
The property has won numerous awards since its 1970 opening, including selection as one of the Top 100 Public Access Courses in America by Golf magazine and as one of the Top 25 Courses in Ohio by Golf Digest. It underwent a $500,000 renovation in 2003.
General Manager John Gaydos said that revenue at the daily fee course for the first 11 months of the year was up 4.5 percent, virtually all from daily rounds play.
EAGLE, which owns three other golf courses in northeastern Ohio, had purchased Fowler’s Mill from American Golf Corp. in 2007.