The renowned Ace Club in Lafayette Hill has been put under agreement by the Union League of Philadelphia, writes Natalie Kostelni for the Philadelphia Business Journal.
This pending acquisition of the 18-hole Gary Player-designed golf course and conference facility will further expand the Union League’s real estate holdings in New Jersey and Greater Philadelphia.
The explored several opportunities to acquire choice suburban country clubs before deciding to sign a letter of intent to buy Ace Club from Chubb Insurance in December.
The club’s future owner has been expanding rapidly in recent years, snapping up golf clubs and restaurants in the region.
Among its recent acquisitions are the former Torresdale-Frankford Country Club in Northeast Philadelphia and the Guard House restaurant in Gladwyne.
Craig Mills, president of the Union League, sent out a video message to members last week in which he announced the planned acquisition of Ace Club and revealed some of the plans for the property. These include changing its name to Liberty Hill and the possible addition of several outdoor sport facilities.