Triple Crown in 2009 acquired neighboring Colonial Country Club, now known as Colonial Golf and Tennis Club, after the club defaulted on its debt and went into foreclosure.
The real estate development company expects to take over operations on May 1, DiSanto said.
“The concept here is to create a ‘super’ club,” he said.
Triple Crown bought Colonial to diversify its portfolio. It turned the club into a semi-private facility because membership wasn’t strong enough to maintain it as exclusively private, company President John DiSanto said.
John DiSanto said the combined clubs will offer a unique experience for members. One membership fee will be paid to access both clubs, he said.
“They understood the value of our offer with combining both clubs,” he said, referring to the shareholders that put Blue Ridge on the market.
Triple Crown does not plan to develop anything more on the grounds at either club, he said.
“We see the benefit to run this as an ongoing business,” DiSanto said, hoping to bolster Blue Ridge’s banquet and special events business.
Negotiations have been occurring for several months, he added. An agreement to buy the club was executed last week.
South Carolina-based Brown Golf Management runs Colonial and will manage Blue Ridge, DiSanto said.