Durali Properties has added a second golf course to its growing portfolio.
The Okanagan-based company announced Monday it has agreed to purchase Tower Ranch Golf and Country Club.
The sale price was not disclosed.
Durali Properties has a number of hospitality holdings throughout the Okanagan including fast food restaurants, hotels, real estate developments and golf courses. They bought Sunset Ranch Golf Course in Kelowna four years ago.
“We are very excited to add Tower Ranch Golf Course to our growing portfolio of recreational properties. We believe it will be a great addition to our other businesses that operate within the community," said Durali Properties owner Gurjit Jhajj.
"We would like to thank the team at Carrington for their hard work and dedication over the years that ensured Tower Ranch remains a must play course for every golfer.
"We look forward to supporting the excellent staff and to help them build upon their many successes to date.”
Durai bought the Tower Ranch operation from the Carrington Group of Companies.
Company CEO Dan Slaven says his company is thankful for the time in which they have owned and operated the property
“We are grateful for the many staff that we have worked with over the past number of years, who have developed Tower Ranch to be one of the best golf courses in the Okanagan and voted the Number 1 public golf course in Kelowna," says Slaven.
"We know Durali Properties will continue to operate Tower Ranch as an exceptional golf course and continue to be a highlight in the community. We wish Durali Properties all the best in their future operations.”
Tower Ranch opened in 2008.