Hawthorns Golf Club in Fishers files for bankruptcy

Back to TopCommentsE-mailPrintBookmark and Share

The owner of Hawthorns Golf & Country Club in Fishers is seeking bankruptcy protection from creditors and has asked the court to approve a loan that will carry it through the off-season.

Hamilton Proper Partners Golf Partnership LP listed assets of less than $50,000 and debts between $50 million and $100 million in Chapter 11 documents filed Jan. 24 in U.S. Bankruptcy Court in Indianapolis.

Hawthorns is a private membership club within HDG Mansur's Hamilton Proper residential community. It features an 18-hole, 279-acre championship course designed by Arthur Mills, according to its website. Located northeast of Geist Reservoir, the club has about 500 members, club officials recently told IBJ.

The bankruptcy filing comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver. The California-based lender, HGCC Lender LLC, recently purchased the loan from Rhode Island-based Textron Financial Corp.

Before selling the loan to HGCC, Textron had granted Hamilton Proper Partners several extensions or forebearance agreements while the golf course owner looked for alternative financing.

Hamilton Proper Partners now is seeking to borrow as much as $200,000 to help fund operations as it restructures, according to court papers. The company said its business won’t be interrupted, and obligations to customers and workers will be fulfilled.

“Due to the fact that the debtor operates a golf course and country club, its operations are seasonally dependent,” the company said in court papers requesting approval of the loan. “The debtor is in its traditionally slow season and as a result is in need of post-petition financing to assist it during this time.”

HGCC is listed in court documents as the largest secured creditor, with its $4.8 million claim. One of the largest unsecured creditors is the Harold D. Garrison Irrevocable Trust, with a $14.5 million claim for "periodic unsecured loans over a period of 20 years."

Harold D. Garrison is the general partner of Hamilton Proper, according to court documents. He also is the CEO of HDG Mansur.

According to court records, the largest unsecured creditor is Boca Raton, Fla.-based Sana Corp., which has a claim for $24.6 million in unsecured loans made over 20 years.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............