An investment group led by a pair of corporate Colorado’s female VIPs has purchased Garden of the Gods Club, one of the elite golf properties in Colorado Springs.
Brenda Smith and Judy Mackey – the former is an accountant, the latter a health-care professional – reportedly paid $10.3 million for Garden of the Gods, which competes for members primarily with the Broadmoor, a Western icon. The seller, an LLC led by Sunrise Company, was hoping to get $14 million for the property. It has invested $5 million into the property. CBRE Hotels represented the seller.
The new owners have hired Gemstone Hotels & Resorts to manage the club and restore its membership, which peaked at roughly 3,300 in 2000 but has fallen to 1,500. As part of that effort, $6 million will be spent on a new wellness center and improvements to the club’s facilities, including the golf complex.
“We really want to elevate the member experience,” Smith told the Colorado Springs Gazette.
Garden of the Gods features a 27-hole golf complex, a lodge with 66 guest rooms, a recreation center and a 21,000-square-foot golf clubhouse. J. Press Maxwell designed the club’s original 18, which opened in 1961.
