A group of Georgia investors called Sky Valley Club bought Sky Valley Resort & Golf Club out of foreclosure from BB&T. Terms of the sale were not disclosed.
The acquisition includes the 18-hole golf course, unfinished clubhouse and outdoor pavilion. The facility has been re-named Sky Valley Club and is located within the city limits of Sky Valley in the northeast Georgia mountains.
The club was previously owned by Merrill Trust but was foreclosed by BB&T in 2008. Golf course communities have struggled through the recession, including Georgia notables Sea Island and Reynolds Plantation. The course is open for play and the new owners are honoring previous memberships.
--Christopher Quinn
