Bald Head Island Club plans on acquiring the Shoals Club and 5.5 acres of land near the Bald Head Island Club, both owned by Bald Head Island Ltd. 

According to the news release, the acquisition is awaiting membership approval from the Bald Head Island Club’s annual meeting on Sept. 1. The financial terms of the acquisitions were not disclosed.

“Since the formation of the clubs, a combining of both entities has been intended and anticipated,” said Charles Paul, CEO of Bald Head Island Ltd., in the release. “The Bald Head Island Club is in effect ‘stepping into the shoes’ of the developer and will assume Limited’s ownership of the Shoals Club and oversee its future operations.”

The acquisition is another example of Bald Head Island Ltd.’s continued effort to divest its holdings and focus on island real estate.

The 5.5 acres of land surrounds the Bald Head Island Club’s entrance, tennis courts and pool area, a key location for the club’s expansion plans, which according to the release, will protect the view corridor and provide parking spaces and room for future growth.

The acquisition will not affect day-to-day operations at the Shoals Club, according to the release. The current management and staff will remain in place.

The combined 1,910 members at Bald Head Island Club and Shoals Club will not be assessed for the purchase, and no additional payments will be required at either club to affect the acquisitions, officials said. The membership status will not change for members of either club.

Shoals Club opened in 2004, while Bald Head Island Club opened in 1991.