Korean manufacturer buys Las Vegas Country Club
The storied Las Vegas Country Club has a new, seemingly unlikely owner: a Korean musical-instrument manufacturer.
Real estate brokerage CBRE Group announced Friday that a U.S. subsidiary of South Korea’s Samick Musical Instruments Co. bought the member-owned country club.
CBRE, which represented the selling members, did not disclose the purchase price. But the club’s new president and CEO, Baik Lee, told the Las Vegas Review-Journal that it sold for a little more than $20 million.
The private club at 3000 Joe W. Brown Drive, about a mile east of the Strip, has an 18-hole golf course that opened in 1967, as well as tennis courts, banquet facilities and other amenities.
According to CBRE, it was a frequent hangout for the likes of Elvis Presley, Dean Martin and Frank Sinatra.
The course underwent a $5.4 million renovation in 2009.
Members voted in 2016 to sell the club to developers Discovery Land Co. and The Wolff Co., but the deal fell through last year.
Samick manufactures guitars and pianos, and its main factory is in Indonesia, according to Lee. But it’s no stranger to golf, as the company also owns and operates Redhawk Golf Course in Temecula, California.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.