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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.
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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