The property has been open for more than 60 years, and was soldby Keith Gornick, whose family had owned the property since 1955.Alan Gornick, a former general counsel for Ford Motor Co., hadpurchased the club. Paul Rogers, a vice president at Inland, saysGornick is holding on to some of the land for possible futuresale.

The amenities include a 25-year-old, 18-hole golf course named"Classic," and a newer course called "Tribute" that was opened in2001. Osprey plans on keeping the courses and the ski area going,and on spending a good amount of money to upgrade the property,Rogers tells GlobeSt.com. Osprey has already installed a heatedpaver walkway and remodeled the lobby of the club's main lodge. Theproperty also includes lodging is offered in 117 rooms, suites andcondominiums on the property, as well as three restaurants and aspecial events center.

"It was a good sale price for land in today's Michiganmarketplace," Rogers says. "It's just not a good economy in thestate, and the nearest major city, Traverse City, has hit thebricks."