Baneberry Golf Resort: A Bankruptcy Battle

is baneberry golf resort in bankruptcy

The Baneberry Golf Resort, now known as the Lakeland Golf Resort and Mulligan’s Bar and Grill, was previously owned by Warrior Golf, which filed for bankruptcy and put the course and its properties up for sale. The new owners, Josh and Danyelle Glendenning, announced their official ownership, new business name, and branding to the community in a meeting in June 2021. The Glendennings, who had been part of the golf community for two years, shared their plans to restore the golf course and sought community input and suggestions.

Characteristics Values
Current status of the resort Open to the public
Location 704 Harrison Ferry Rd, Baneberry, Tennessee 37890, Jefferson County
Year of construction 1972
Architect Bob Thompson
Grass type Bent Grass greens and Bermuda fairways
Par 71
Length 6735 yards
Rating 72.6
Slope 125
Amenities Golf course, pool, restaurant clubhouse, lake
New owners Josh and Danyelle Glendenning

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Warrior Custom Golf filed for bankruptcy in 2019

Warrior Custom Golf Inc., a California-based golf equipment manufacturer and course management company, filed for bankruptcy in March 2019. The company, founded in 1998, ventured into course management and ownership in 2009, acquiring six properties with the help of investors.

Warrior Custom Golf was best known for its infomercials and television commercials offering free golf clubs and balls in exchange for reviews with "no strings attached". The company had surpassed $200 million in sales, serving over 1 million customers. Despite this, it filed for Chapter 11 bankruptcy protection with assets of up to $10 million and debts of up to $50 million.

The bankruptcy filing was attributed to various factors. One reason was a $1.35 million court ruling against the company for allegedly misleading an elderly man, Cecil Mellinger, and soliciting over $1 million in investments from him. Additionally, bad weather, declining popularity of golf, lack of management depth, and debt obligations contributed to the financial hardship.

Jeremy Rosenthal, Warrior's Chief Restructuring Officer, stated that the company aimed to focus on providing high-quality custom golf clubs, excellent customer service, and well-maintained golf courses to succeed in the challenging golf market. The U.S. Bankruptcy Court authorized the company to continue operations, ensuring employee wages and benefits, and payments to vendors and suppliers.

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Warrior Golf owned 15 golf courses

The Baneberry Golf Resort in Jefferson County has undergone a change in ownership and rebranding. Previously owned by Warrior Golf, the resort, along with its golf course and restaurant clubhouse, was purchased by an investor and then sold to Josh and Danyelle Glendenning. Warrior Golf, a custom golf club manufacturer and course operator, filed for bankruptcy protection in 2019. The company, which owned 15 golf courses across North Carolina, Florida, Georgia, Iowa, Colorado, and California, had struggled with financial losses and legal issues.

Warrior Golf, based in Irvine, California, was founded in 1998 and began acquiring golf courses in 2009. By 2019, the company operated 18 courses at 15 facilities across the country. However, they encountered financial difficulties, with their golf course operations incurring losses. Bloomberg reported that Warrior Golf had misled an elderly Florida man, Cecil Mellinger, in an investment scheme, resulting in a $1.3 million lawsuit. To address their financial challenges, Warrior Golf filed for Chapter 11 bankruptcy protection, allowing them to continue operating while restructuring their debts.

Warrior Golf's portfolio included a variety of golf courses, such as the Cimarron Golf Resort in Cathedral City, near Palm Springs. The company's initial strategy focused on acquiring modest properties and targeting value-conscious consumers. However, over time, they shifted their attention towards bigger and higher-end properties. Despite their financial struggles, Warrior Golf assured customers that their business remained open and committed to providing high-quality custom golf clubs and experiences.

The new owners of the former Baneberry Golf Resort, now known as Lakeland Golf Resort and Mulligan's Bar and Grill, have been well-received by the community. The Glendennings shared their vision for the property, outlining a list of repairs and presenting a promising business plan. The community has embraced the new ownership, with residents expressing their support and looking forward to the resort's restoration and success.

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Baneberry Golf Resort was purchased by the Glendennings

The Baneberry Golf Resort, now known as the Lakeland Golf Resort and Mulligan’s Bar and Grill, was purchased by Josh and Danyelle Glendenning. The Glendennings became part of the golf community two years ago when they moved into a home on the golf course. They witnessed the bankruptcy of Warrior Golf, out of Irvine, California, and subsequently purchased the golf course and restaurant clubhouse from an investor.

The Glendennings introduced themselves to the community in a meeting, where they outlined the repairs they had already made and presented a promising business plan. They also emphasised that they wanted to restore the resort "back to everything it ever was and so much more". The community's support for the new owners was celebrated by longtime resident and realtor Doug Swiggum, who praised the coming together of the community to support a business owner.

The resort, located in Baneberry, Tennessee, was built in 1972 and is open to the public. It features lush gardens, a golf course, a driving range, golf lessons, and an outdoor pool. The course has Bent Grass greens and Bermuda fairways, with a par of 71 and a length of 6735 yards.

Prior to its purchase by the Glendennings, the resort had received mixed reviews, with some golfers noting that the course conditions were fair at best, and that the greens were in poor shape, with little grass and mostly weeds and dirt. However, others found it a fun track to play on, and there were indications that the new owners were working to improve the course.

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The resort has a new name: Lakeland Golf Resort

The Baneberry Golf Resort in Baneberry, Tennessee, has been purchased by new investors and has subsequently been renamed the Lakeland Golf Resort. The new owners, Josh and Danyelle Glendenning, announced their official ownership and the new branding in a community meeting on Tuesday, June 14, 2021. The Glendennings, who moved into the golf community two years ago, purchased the golf course, Mulligan's Bar and Grill, and the restaurant clubhouse.

The Lakeland Golf Resort sits on a serene lakeside location with lush gardens and a golf course. The resort offers an outdoor pool, a driving range, and golf lessons. The new owners have already carried out several repairs and presented a promising business plan that should bring success and restore the neighbourhood's prized attraction. The purpose of the meeting was to include the community in the decisions of the business and to thank the volunteers who have supported the resort.

Mr Glendenning explained that they bought the course not just for themselves but also for the community. He added that they intend, with the community's help and suggestions, to restore the resort to its former glory and make it even better. Longtime resident and realtor Doug Swiggum celebrated the purchase, commenting that he had never seen a community come together to support a business owner as the Baneberry community had.

The Lakeland Golf Resort will begin its phased opening with the pool, which will be available to the community following their annual golf cart parade and neighbourhood cookout. The new owners encourage the community to follow Lakeland Golf Course on Facebook and Instagram for more updates.

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The new owners presented a promising business plan

The Glendennings also walked through an extensive list of repairs they had already made in just a few days of ownership. The repairs were likely part of the couple's efforts to restore the resort to its former glory and improve the overall guest experience. The new owners also planned to include the community in future decision-making processes, demonstrating their commitment to transparency and community engagement.

The previous owner, Warrior Golf, filed for bankruptcy, and the course and its properties were put up for sale. The Glendennings' purchase of the resort was celebrated by the community, with longtime resident and realtor Doug Swiggum expressing his excitement. He highlighted the unique sense of community support for the new business owners. The community's enthusiasm and the Glendennings' commitment to restoring and improving the resort bode well for its future success.

The Lakeland Golf Resort and Mulligan's Bar and Grill will likely benefit from the new owners' business plan and community support. With the Glendennings' dedication to revitalising the resort and the community's eagerness to see it succeed, the resort is poised for a positive transformation. The repairs and improvements made by the new owners will enhance the guest experience and attract new visitors, ensuring the resort's long-term viability and success.

Frequently asked questions

Yes, the Baneberry Golf Resort, now known as the Lakeland Golf Resort, went bankrupt in early 2019.

The resort was purchased by an investor who sold the golf course and restaurant clubhouse to Josh and Danyelle Glendenning.

The new owners introduced themselves to the community, walked through a list of repairs they had done, and presented a promising business plan. They also changed the name of the resort to Lakeland Golf Resort and Mulligan’s Bar and Grill.

The golf course is currently undergoing improvements under its new ownership. Based on reviews, golfers have reported that the course conditions are fair, with a mix of grasses on the fairways and little grass on the greens.

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