St. George Country Club Bucks Trend - Members Buy Out Developer

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In an economic downturn that has made many private clubs close or go public, Entrada at Snow Canyon Country Club takes control from the original developer.

St. George Utah New Construction

Entrada at Snow Canyon Country Club

Entrada at Snow Canyon is definitely on a roll with the purchase of the memberships and the major increase in new building activity compared to any other golf community in the Southwest.

In an impressive vote of confidence, the equity members of Entrada At Snow Canyon Country Club overwhelmingly voted on December 10, 2011 to approve the purchase of the remaining unissued memberships from The Entrada Company, the original developer of the upscale golf community.

John Browne, President of the Board of Trustees stated, "I couldn't be more pleased with the support of our members. We have had a number of new people moving into the community and it seemed that the time was right to take over control of all of the memberships from the original club developer."

New Full Equity Members Sign Up

As part of this purchase, the Entrada At Snow Canyon Country Club offered special pricing to current Associate and Social Members to become Full Equity Members. As a result of the deal, golf memberships grew by a total of 31 new members plus an additional 10 limited and fractional members upgraded their memberships for a total of 41 Full Equity Golf Memberships.

More Good News - No Dues Increases
Entrada also reported to its members that "The Board of Trustees at its Dec. 19, 2011 meeting approved the 2012 dues level to remain the same as in 2011. This means a zero dues increases in all membership categories for the coming year. The decision was supported by a positive financial analysis for 2012 based partly on the members who took advantage of the special offer associated with the approval of the Membership Sales Agreement by the Equity Members on Dec. 10, 2011."

Entrada Country Club is On A Roll
All of this is good news for local real estate companies like Southern Utah Development, currently building homes at Toroweap At Entrada. Dara Tancredi, President of Southern Utah Development said "The purchase of the remaining memberships with no dues increase, is terrific news for anyone looking to buy property in a private golf course community. Entrada at Snow Canyon is definitely on a roll with the purchase of the memberships and the major increase in new building activity compared to any other golf community in the Southwest. All of this activity gives our company great confidence in our investment in Entrada."

About Southern Utah Development
Southern Utah Development is a real estate brokerage and development firm headquartered in Saint George, Utah. The principals of Southern Utah Development have an average of over 25 years of experience in commercial, residential and retail development and have owned, brokered and/or developed over $150 Million Dollars in real estate.

Entrada at Snow Canyon Country Club (http://www.golfentrada.com), a private club for members, is a unique blend of elegant home sites and leisure activities including The Inn at Entrada, a small luxury resort of 40 Casitas, centered around the Johnny Miller Signature Golf Course. Managed by the world’s leading golf management company, Troon Privé, Entrada’s course offers a challenging round of golf that weaves through Southern Utah’s majestic scenic beauty against a backdrop of red sandstone cliffs, rolling dunes and black lava beds.

Entrada is located in St. George, Utah, 119 miles (192 km) northeast of Las Vegas, NV, and 303 miles (488 km) south of Salt Lake City on Interstate 15, and is within easy day-trip distance to some of the nation’s most stunning natural attractions: Zion and Bryce Canyon national parks, Grand-Staircase Escalante and Cedar Breaks national monuments, Lake Powell and the Grand Canyon.

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Dara Tancredi
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