Bear Creek Golf Club, which boasts two 18-hole courses on the grounds of Dallas-Fort Worth International Airport, has a new owner and management company.
CNL Income Properties Inc., a real estate investment trust (REIT) focused on lifestyle properties, announced it has acquired Bear Creek from Bear Creek DFW Associates Ltd., an entity affiliated with Hyatt Corporation and Hunt-Woodbine Realty Corporation. CNL then leased the club’s two courses to an affiliate of Billy Casper Golf, LLC, for operation under a 22-year lease.
Real estate is complicated.
No word on whether the new owners plan any upgrades or changes, although the usual platitudes were bandied about:
“Billy Casper Golf is excited about beginning a relationship with CNL as a solid financial partner in the lifestyle industry and working with the Dallas/Fort Worth Airport Board,” said Denny Minami, president of Billy Casper Golf. “The acquisition enables us to provide an enhanced golf experience at Bear Creek, and we are pleased to help create long-term value for our partner CNL.”
Bear Creek's East and West courses are two of my favorite in DFW. I always enjoy playing there, although it can be a nerve-wracking experience for some.
Because the courses are located right on airport property, the landings and takeoffs of the big passenger planes can feel like they are happening right above you ... because, sometimes, they are.
A former pro at Bear Creek once told me that the planes sometimes were so close to the course as they passed over that golfers could feel the "whoosh" of the airstreams and vacuums and eddies created by the planes' wings. They've never gotten quite that close when I've played Bear Creek, but the noise and rumble of overhead planes are never far off.
It's an interesting and even fascinating experience for some. Others just find it very annoying.