13.04.2016 Views

Family Office Elite Spring_16

Family Office Elite Magazine, the wealthiest audience in the world. Family Office Elite Magazine is a very high class bespoke publication and a porthole to the ultra-wealthy family offices and UHNWI sectors. The magazine includes editorials from recent events and experts from the ultra-wealthy Family Office community.

Family Office Elite Magazine, the wealthiest audience in the world.

Family Office Elite Magazine is a very high class bespoke publication and a porthole to the ultra-wealthy family offices and UHNWI sectors. The magazine includes editorials from recent events and experts from the ultra-wealthy Family Office community.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

RENAISSANCE CLUB<br />

CELEBRATES 10 YEARS<br />

The Renaissance Club announced<br />

today the closing of a transaction<br />

that paves the way for The Club<br />

to become member-owned and<br />

governed. A small group of major<br />

member stakeholders increased<br />

their investment in order to retire<br />

the 1/3 ownership interest of<br />

Archerfield Estates Limited (AEL), an<br />

entity which will remain supportive<br />

of the club as its landlord. This 1/3<br />

ownership interest is being offered<br />

to members only and a Board of<br />

Directors representative of the<br />

membership is being incorporated<br />

into The Club’s structure. Details of<br />

the transaction were not disclosed.<br />

“This is an exciting time for The<br />

Renaissance Club as we celebrate<br />

our ten year anniversary of the<br />

partnership and the Club. We<br />

believe this change of ownership<br />

structure allowing our members<br />

to become equity participants in<br />

the partnership will set the Club<br />

on a long-term path to create a<br />

world class golf club” commented<br />

Jerry Sarvadi, the Club’s founder<br />

and CEO. Invest Archerfield LLC,<br />

a US-based Limited Liability<br />

Company, also founded by Sarvadi<br />

and his five brothers will continue<br />

its ownership participation and<br />

support. “The Sarvadi family<br />

commitment to this club has been<br />

and will remain far more than<br />

just an investment but rather a<br />

testimony of our dedication to the<br />

great game of golf and our love<br />

for the home of golf, East Lothian<br />

Scotland. We are very thankful for<br />

the ten-year partnership with AEL,<br />

which formed and established the<br />

Renaissance Club through some<br />

difficult economic times” stated<br />

Paul Sarvadi.<br />

“We have agreed to extend<br />

the original lease with the<br />

Renaissance Club, back to the<br />

original 99 year period, ten<br />

years into the partnership,” Elly<br />

Douglas Hamilton, Chairman AEL<br />

Ltd commented. “This is a new<br />

beginning for the club & we look<br />

forward to supporting them.”<br />

Nestled in the heart of Scotland’s<br />

Golf Coast, The Renaissance Club’s<br />

beautifully manicured greens and<br />

fairways have played host to elite<br />

golfers from all over the world, as<br />

well as a steady stream of dedicated<br />

golfers each of whom has a special<br />

passion for the sport. The course<br />

is everything at The Renaissance<br />

Club. Designed by world-renowned<br />

golf course architect Tom Doak, The<br />

Renaissance Club is recognised<br />

as a modern masterpiece of<br />

golf course design that many<br />

aficionados and golf media insiders<br />

consider the future of links golf<br />

and a worthy descendant of its<br />

illustrious neighbours, Muirfield &<br />

North Berwick West Links. With a<br />

recently acquired triangular piece<br />

of land which Doak fashioned into<br />

three new holes and the club’s<br />

recently completed three-storey<br />

clubhouse with accommodation,<br />

the showpiece is finally complete<br />

creating a quality tournament<br />

venue and world class golfing<br />

experience which is attracting<br />

worldwide attention.<br />

The magnificent cuisine is<br />

prepared by chefs trained in<br />

Michelin-starred restaurants while<br />

the accommodation delivers<br />

everything a member could<br />

require whether they need to<br />

conduct business or unwind in the<br />

epitome of luxury and refinement.<br />

Complete with spa, gymnasium<br />

and treatment areas, perfectly<br />

appointed locker rooms, beautiful<br />

bar, a fabulous dining experience<br />

and 24 luxurious lodging rooms,<br />

members are presented with a<br />

golfing experience guaranteed to<br />

last a lifetime.<br />

The Renaissance Club also looks<br />

forward to co-hosting its first<br />

championship this year welcoming<br />

the world’s leading boy golfers, for<br />

the Boys Amateur Championship<br />

in August 20<strong>16</strong>, alongside<br />

neighbouring venue, Muirfield.<br />

For further information about<br />

Membership, please contact<br />

Stephen Walker or Jordan Whyte<br />

on 0<strong>16</strong>20 850 901 or email<br />

membership@trcaa.com.<br />

www.trcaa.com<br />

15<br />

FAMILY OFFICE ELITE MAGAZINE

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!