For almost 90 years, the Beverly Hills Country Club has been the spot for residents of Beverly Hills to meet-up for recreation, entertainment and overall socializing. Now, it’s about to undergo a makeover following the sale of the four-acre property to an investment group.
The Los Angeles Times report the Beverly Hills Country Club was recently bought by a group from Boulder, Colo.–Meriwether Cos.–and the Chicago-based investment firm Singerman Real Estate. The price was not disclosed, but the new owners said the plan to spend $10 million renovating the club. Singerman owns a majority of the club. Meriwether Cos., a hospitality and resort development company, will run the day-to-day operations.
The Beverly Hills Country Club had been by L.A. Partners, led by Gene Axelrod, since 1995.
According to the Times, the Beverly Hills Country Club opened in 1926 as a place for folks in the movie industry to socialize, take part in recreational activities and conduct business. It was needed because, according to the report, clubs in Los Angeles at the time did not admit entertainers.
The Beverly Hills Country Club features a 34,000 square-feet clubhouse filled with dining and meeting rooms and other amenities. There are also 10 lighted tennis courts, Junior Olympic-size swimming pool and a gym.
The new owners will renovate several areas of the property. Among the major projects to be undertaken are renovations of the clubhouse and pool area, as well as an update of the general landscaping. Those projects will begin early next year, but smaller improvement projects will commence in the coming weeks.
Graham Culp, managing partner of Meriwether Cos., said the plan is “to help ensure
According to the Times, the dues to become a member of the Beverly Hills Country Club range from $175 to more than $350 a month. However, those will increase once the renovations are completed.
The Beverly Hills Country Club has long been a part of the fabric of Beverly Hills and it’s great to see that it will be better than ever.