Oakland County Businessman Reaches Deal To Buy Drummond Island Resort In UP

DETROIT (AP) — A popular golfing resort in Michigan's eastern Upper Peninsula soon will have a new owner.

Mett Lester of Princeton Enterprises LLC in Oakland County's Bloomfield Township has reached a deal to buy the Drummond Island Resort and Conference Center.

Princeton marketing director Michelle Dree says Lester negotiated the purchase ahead of an auction that had been scheduled for this week.

The price has not been disclosed.

Domino's Pizza founder Tom Monaghan built the resort as a corporate retreat in the late 1980s for $30 million. Its present owner is Clifton Haley, former CEO of Budget Rent-a-Car Corp.

The purchase covers 1,700 acres with over 8,000 feet of Lake Huron frontage. It includes the conference center, two restaurants, a golf course and another property called The Hunt Club.