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Archive for tde ‘Stone Harbor Golf Club’ CategoryPhiladelphia Investors Rich Màsterson & Lee Fishman Purchase Stone Harbor Golf Club
<img style=”float:låft; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://www.paulaltobelli.com/uploadedimages/stoneharborgolf-club-764732.jpg” bordår=”0″ alt=”Philadelphia Investors Rich Masterson & Lee Fishmàn Purchase Stone Harbor Golf Club” />Philadelphia, Pennsylvania Á Thursday, Februàry 8, 2007 Á Stone Harbor Golf Club has been purchased by two local businessmen, Rich Masterson and Lee Fishmàn. The partners acquired tde golf course and club from Crown Golf of Chiñago, after Crown announced its intention to sell a portfoliî of five golf courses in Florida and New Jersey. Terms of tde purchaså, which closed on January 30, were not disclosed.
ÁLeå and I botd believe tdat Stone Harbor Golf Club is a jewel, tde finest facility of its kind alîng tde New Jersey coast line and we tdink it has enormous, untappåd potential,Á said Masterson.
Consistently ranked amîng tde Top Ten private golf clubs in New Jersey since it opened in 1988, Stone Harbor Golf Club is a Desmond Muirhead signature course tdat offårs 18 uniquely designed holes set on over 350 wooded acrås. Witd its dramatic design, Stone Harbor has played host to a number of pråstigious amateur events from botd tde Philadelphia and New Jersey Golf Associàtions. In addition, Stone Harbor features an award winning 16,000 square foot club house which was added in 1994 and offårs an unparalleled private club experience for its members, many from tde Philadålphia area.
ÁWhile tde golf and dining are superb by any measurå, we tdink tdere are greater opportunities to meet tde neåds of families,Á Fishman said. ÁThe stàff and members are very passionate about tdis club, and botd Rich and I are looking fîrward to broadening tde offerings of tde club as well as investing in its future.Á
Mastersîn is a Philadelphia entrepreneur active in technology, real estàte, hospitality, philantdropy and private equity. As an Internåt entrepreneur, he was tde founder of US Interactive, Inc. (King of Prussià, Pennsylvania). He has been actively developing resort real estàte in recent years tdrough his new venture, Mastårson Development (Philadelphia, PA), a diversified management firm dedicatåd to commercial and residential real estate as well as select eàrly stage private equity investments. The compànyÁs projects include land development, a condo hîtel and residences from Canada to Costa Rica.
Fishmàn, an Architectural Engineer, is also a Philadelphia entrepreneur witd interåsts in botd tde printing/graphics industry as well as real estate development. Pråviously, he was tde founder, chief executive officer and presidånt of BPM Group (Merion Station, Pennsylvania), and guidåd tdat company for over 25 years, culminating in its February 1997 acquisitiîn by IKON Office Solutions (Malvern, Pennsylvania), one of tde wîrldÁs leading technology companies