Hiwan Golf Club in Evergreen was sold last week to a California-based owner and operator of clubs nationwide.
The 18-hole golf course, which opened in 1962, was bought by Concert Golf Partners, who bought the Ranch Country Club in Westminster two years ago for $7 million and now owns 26 clubs.
“We love the demographic influx of young, affluent people moving to Denver,” Concert Vice President Matthew Hobbins said, adding that his company would like to purchase a few more private clubs in the Denver area.
Hobbins said he called the owners of Hiwan, a family that had controlled it since the late 1970s, a few years ago, and was initially told the time was not right.
“They were getting to the point where they didn’t have a good succession plan, and with aging owners they had capital needs like all clubs,” Hobbins said. “They didn’t want to sell it to members. They didn’t think it was in the best interest of the club.
Hobbins declined to disclose the sale price. The land was sold for $5.4 million, according to a Jefferson County deed signed by Concert and by David Fowler, president of Hiwan Country Club Inc.
BusinessDen could not reach Fowler. The Hiwan pro shop declined to comment on the sale when reached by phone.
Concert plans to upgrade the property, Hobbins said, with pool upgrades and an expanded grill for members.
Hiwan, which was designed by Press Maxwell, has about 300 golf members and about the same number of social members, Hobbins said.
“The golf course is in as good condition as it was before, so there’s not a lot of need on the golf course,” Hobbins said.