Tetherow Resort puts its hotel, food & beverage operations up for sale; Golf Club not for sale at this time
BEND, Ore. (KTVZ) – Tetherow, which says it's "Central Oregon’s premier resort," announced Wednesday it has decided to place its hotel and food & beverage operations up for sale. At this time, they said, ownership does not intend to sell Tetherow Golf Club.
A potential sale would include the Hotel, Event Pavilion, and the food and beverage operations (The Row, Solomon’s and Tetherow Cafe), as well as Tetherow Management LLC, which manages the resort’s vacation rentals. The sales price was not disclosed for the private listing through JLL.
Tetherow Golf Club and other recreational facilities are expected to remain under founding ownership, the resort said.
Its announcement continues in full below:
Over the past 20 years, Tetherow has established itself as an award-winning, globally recognized retreat in Central Oregon. Most recently, Conde Nast Traveler recognized Tetherow as the #1 Resort in the Pacific Northwest and #28 in the world for 2023.
“With the region's development and investor interest accelerating, now is the optimal time to welcome a new custodian for our hotel and food & beverage operations,” said Managing Partner Chris van der Velde. “We remain deeply committed to serving this community we have called home for the last two decades. This strategic move unlocks our team's capacity to further enrich the amenities and activities our members and visitors enjoy by focusing efforts on Tetherow Golf Club and its offerings.”
The potential transaction aims to unlock capacity for reinvestment and innovation in the golf, social and recreational experiences drawing visitors to the resort. Tetherow recently began a $3 million Clubhouse renovation that will be completed over the spring/summer of 2024. Improvements include: a new members area, more intimate dining area for Solomon’s, refreshed golf shop and new outdoor patio space.
Current Tetherow ownership has indicated that they will be selective in finding the right buyer who shares their devotion to the resort, Central Oregon, and their world-class team. Interested buyers will be thoroughly evaluated over the next six months.
“We will be very selective in finding a resort buyer who sees the immense existing and potential value in this property. By choosing a buyer dedicated to continuous investments and improvements, we aim to retain and likely enhance the overall resort experience through thoughtful transitions of ownership,” said van der Velde.
About Tetherow Resort
Encompassing 700 acres of high desert landscape on Bend’s west side, Tetherow Resort is widely regarded as Central Oregon’s premier destination resort. The resort boasts an 18-hole golf course designed by David McLay Kidd, a 50-room boutique hotel and vacation rental homes, three on-site dining options, the Tetherow Sport pool and fitness center, an event pavilion, hiking and biking trails, and more. The resort also ensures environmentally sound philosophies and practices are integrated into nearly every aspect of the resort’s development and operations. In recent years, Tetherow has been ranked the Best Resort in the Pacific Northwest in the Conde Nast Readers’ Choice Awards (2023), No. 57 on Golf Digest’s list of America’s 100 Greatest Public Golf Courses (2023-2024), and the No. 1 resort in the world by Booking.com’s “Booking’s Best” initiative. For more information visit www.tetherow.com.
