MYERSVILLE, Md. (AP) — An 18-hole golf course near Myersville has a new owner.
ReMax real estate agent Mike Marcey told The Frederick News-Post on Wednesday that the 10-year-old Musket Ridge Golf Club was sold for about $3.4 million.
Marcey says the new owner is a private equity firm in Virginia. He wouldn’t name the firm.
The club was held by PNC Bank after foreclosure proceedings against Hagerstown-based Musket Ridge Development Co.
The club’s new management company, Affinity Management of Charlottesville, Va., says the new owner plans to improve the landscaping and kitchen equipment, and possibly replace the golf carts.
Affinity founder Damon DeVito says no changes are planned in the work force of about 70 employees at peak season.
(Copyright 2011 by The Associated Press. All Rights Reserved.)