Garland Resort Sold to New Frontiers Capital
AUGUST 11, 2009 - New Frontiers Capital is based in Wheeling, IL and has interests around the country including part ownership of the Mountain Grand Lodge and Spa and Avalanche Bay Indoor Waterpark at Boyne Mountain Resort. Ownership transition will be seamless for guests, and Garland will continue to be one of Michigan's finest golf resorts and four season recreational facilities. New Frontiers Capital will unveil plans for improvements in the near future, but the essence and spirit of Garland Resort will remain intact.
Ron Otto, whose family has owned Garland for over 50 years said, "While this is a bittersweet time for our family, we couldn't be happier with the new owners and the plans they have for the property. New Frontiers Capital has the interest of guests, members, and employees at the forefront."
Randy Dzierzawski, President of New Frontiers Capital, sees great potential in the acquisition of Garland Resort into the New Frontiers business portfolio. "Garland's 3,000 acres is a special piece of property and unique resort. The Garland lodge is the largest log cabin east of the Mississippi River. With four championship golf courses and all of its outdoor amenities, Garland is truly a one of a kind destination for members and guests."
"I am very excited and proud to be the new owner of Garland Resort," says Gerald Forsythe, Chairman of New Frontiers Capital. "The Otto family has created a very special place, and we are going to continue that legacy and improve upon it. Garland is a hidden gem, and this fantastic Midwestern resort will provide great experiences and memories for many years to come."
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