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Acquisition of Otsego Club & Resort Finalized


Osprey Recreational Properties has announced it has finalized the purchase of the Otsego Club & Resort in Gaylord, Mich. Acquisition of the property includes Otsego's "core" facilities consisting of the main lodge, restaurants, hotel/lodging accommodations, special event center, two golf courses, and the Midwest's only private ski club. The transaction will make Osprey Recreation one of the largest owner/operators of golf and resort facilities in Michigan. Terms of the purchase were not disclosed.

"We are thrilled with the opportunity to acquire this property," said Michael J. Biber, Managing Partner of Osprey S.A. Ltd. "The Otsego Club compliments our existing recreation portfolio through economies of scale and furthers Osprey's investment strategy in this area of our business."

Osprey has already begun making improvements to the resort. Renovations are underway in the main lodge and guest rooms. John Meusling, with Osprey's Construction and Development group, has been directly overseeing the improvements. "On a lot of days, we have had more than 100 guys here working at any one given time, I think that people are really going to be impressed with some of the things that we have been able to accomplish in just the last month," said Meusling.

Among the projects Meusling is overseeing are new interior finishes, furniture, heated walkways leading into the lodge, and the private dining areas for small groups. Renovations are also underway on the private ski slopes including new tubing runs, improved lighting, and multiple fire pits. The après-ski destination, called River Cabin, at the base of the ski slopes is undergoing improvements as well.

"One of our primary short-term goals was to maintain Otsego's old world charm, while at the same time immediately providing amenities and noticeable improvements that would enhance every member and guest's visit to the property," said Biber.

Detroit News readers recently named the Otsego Club "Michigan’s Best Golf Resort." For more information, call 800/752-5510 or visit www.otsegoclub.com.