Fate of The Hawthorns almost settled

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The Hawthorns Golf & Country Club has gone through foreclosure and bankruptcy and is now having its fate decided. (photo by John Cinnamon)
The Hawthorns Golf & Country Club has gone through foreclosure and bankruptcy and is now having its fate decided. (photo by John Cinnamon)

By John Cinnamon

For more than a year, the owners of The Hawthorns Golf & Country Club in Fishers have battled foreclosure, bankruptcy, and the potential loss of the club altogether.  Now, its ultimate fate is about to be decided.

Plans have been presented by the two sides vying for control of the club which lies within the Hamilton Proper neighborhood near 116th St. and Brooks School Road.  On one side is Hamilton Proper Golf Partnership LP, the group that currently owns The Hawthorns.  On the other is HGCC Lender LLC, an entity created specifically to purchase the club’s loan in 2013.  HGCC’s parent company is Concert Golf Partners, a California-based owner-operator of golf properties.

HGCC filed a $4.8 million foreclosure suit against the club in October of last year.  Three months later, Hamilton Proper Golf Partners filed Chapter 11 bankruptcy, citing assets of $50,000, with debts from $50 to $100 million.

Harold Garrison, general partner of Hamilton Proper Golf Partnership and CEO of HDG Mansur, the original developer of the residential community and The Hawthorns, hopes to maintain ownership of the club through financing from Edgewood Capital, an east coast real estate investment firm.  “The difference that we’re providing is we’re trying to make sure between the members and the creditors that they’re able to be paid in whole,” said Garrison of his group’s plan.

Peter Nanula, Chairman of Concert Golf Partners and HGCC, believes The Hawthorns would benefit from his company’s experience, as well as a healthy investment of capital.  “The club will be debt-free immediately,” said Nanula, “and run by a professional golf management outfit.”  According to Nanula, between the debt, physical improvements and working capital, HGCC plans to spend $6-$7 million in the first 12-24 months.

At a September 30th meeting, the club’s Committee of Unsecured Club Members voted 6-to-1 in favor of the HGCC plan.  Committee Chairman Richard Block said the full membership has until Oct. 23 to cast their votes, with a final decision from the court expected in November.  He admits the process has been contentious at times. “Emotions are high,” he said.  “In the end, most people just want this to end.”


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