Fox Run Properties LLC has acquired the 279-acre Okemo Valley Golf Club. Fox Run is a special purpose company established for the acquisition and operation of the former Okemo Valley club. The privately financed transaction is a harbinger of a recovery in the U.S. hospitality, travel, and golf industries, which have all been severely impacted by the COVID-19 pandemic. The new owner has renamed the property the Fox Run Golf Club.
The seller, Vail Resorts, purchased the club along with the adjacent Okemo Mountain ski resort in 2018.
With majestic views of Okemo Mountain, the club includes a par-70 golf course, clubhouse, indoor golf training center, and restaurant, as well as 120 open acres with future development potential. The new owners have embarked on extensive renovations of both the greens and the club facilities, which started 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.”
Designed by Steve Durkee, Fox Run is New England’s only heathland-style golf course. The property has hosted numerous Vermont PGA and New England PGA Senior Championship Tournaments. The 6,400-yard golf course features undulating, sculpted bent-grass greens, tees, and fairways framed by trees and swaths of decorative grasses, all set against the dramatic background of the Green Mountains. Nearly 20,000 rounds of golf are played on the course each year.
As part of the upgrades, Fox Run has added six new forward tees and restored sand to 95 bunkers. New Salsco rolling equipment has been purchased to ensure faster greens and approaches. To serve both families of players and the local community, Fox Run has constructed a new, 500-yard scenic dog walk with overviews of the course and a sitting area. The wooded dog walk is open to the public.
The club currently has 170 private members and is also open to the public. A four-hole novice-level course, with holes ranging from 60 to 100 yards, provides families and beginners with an enjoyable exposure to the game of golf.
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; audiovisual 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.
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.