Latest news with #Schlosser
USA Today
26-04-2025
- Business
- USA Today
This Illinois semi-private country club has changed hands after a bankruptcy
This Illinois semi-private country club has changed hands after a bankruptcy Pekin Country Club, just south of Peoria, Illinois, is under new ownership. Brothers Jay and Shaun Schlosser said they purchased the club from Pekin Country Club, Inc. Shaun Schlosser did not disclose the price, but the club last fall was listed at $1.95 million with the commercial real estate agency Crexi and the commercial real estate marketplace LoopNet. The property features an 18-hole championship golf course with four sets of tees for various skill levels, as well as a state-of-the-art practice facility. Public records show Pekin Country Club, Inc. filed for Chapter 11 bankruptcy in March 2023 with the U.S. Bankruptcy Court Central District of Illinois. Schlosser said he plans to open the golf course to the public on Mondays and to open the country club's restaurant by early May. He also intends to offer discounted club memberships until Memorial Day weekend. New members joining by Memorial Day will pay $400 a month for the first year rather than the regular $450 monthly rate. 'I was raised on a golf course in Decatur,' Schlosser said. "My dad (Gary Schlosser) was a golf pro, and I've always wanted to get into the golf business. We found the listing online, came to have a look around last November, and thought it was worth investing in.' Pekin Country Club is located at 310 Country Club Drive, Pekin.
Yahoo
25-04-2025
- Business
- Yahoo
Pekin Country Club under new ownership
PEKIN, Ill. (WMBD) — Shaun Schlosser and his brother are officially the new owners of Pekin Country Club starting Thursday for an undisclosed price. The club had previously filed for bankruptcy, but Schlosser said the buyout 'took care' of any debt burdens associated with the filing. He said this ends a months-long process, as he initially visited the club in November and decided to buy in December. He plans to have the country club's restaurant open by May 1, with non-members able to dine there as well. Non-members will be allowed to play on the golf course on Mondays to test out the course before becoming members. There's also a discounted membership for new members until Memorial Day weekend. New members can save $50 a month for the first year, a total annual savings of $600. Schlosser was born and raised in Decatur, and previously played on the Pekin Country Club golf course in the late 2000's. He believes good things are on the horizon for Pekin Country Club. 'We know what a good golf course should be, and we have very high standards. I just think we're going to be able to create an environment here that everybody is going to want to be at and be a member,' he said. Schlosser said the club lost some members during the bankruptcy, so he's hoping to get those people back as well as attract new members. While Shaun bought the club in partnership with his brother, his dad, who lives in Tremont will help run the business as Shaun's 'right-hand man.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
