Park Hills Country Club finds new owners
The Park Hills County Club is being sold.
The club’s general membership voted 86-6 Thursday night to sell the club to a group comprised of Steve Sheetz, family council chairman of Sheetz Inc., and Michael, Richard and Leonard Fiore of Leonard S. Fiore Inc.
The specifics are being worked out, and another meeting will be held in December to sign an asset purchase agreement, said Thomas Farrell, Park Hills solicitor.
“We are trying to preserve it by putting some capital into it. We think we are in a position to help preserve the course and club. It has been struggling. We said, ‘If you guys need help we will be there and provide capital,'” Sheetz said.
The club, established in 1927, has been owned by Park Hills Country Club Inc., a nonprofit corporation with all members having an interest, Farrell said.
The club was sold for financial reasons, Farrell said.
In July, the club’s newsletter stated that the club was in dire need of funds, and Farrell said at some point the board was interested in selling the club, which has been valued at $2 million.
In August, citing that dire need of funds, the membership approved a mid-year assessment of $300 to be paid by every voting member of the club.
Park Hills is a 6,100-yard, 18-hole course located within the Altoona area’s most dynamic commercial area that includes the Logan Valley Mall, Park Hills Plaza, numerous restaurants, hotels and Logan Town Centre.
The sale price, which was not disclosed, includes the golf course and all club assets such as the clubhouse, restaurant and swimming pool.
Mirror Staff Writer Walt Frank is at 946-7467.