New Owners Plan to Make ‘Top 100 You Can Play’ Course a N.M. Destination

By Dan Vukelich

Roger Cox & Associates has sold the acclaimed Paa-Ko Ridge Golf Club in Sandia Park, N.M., to a pair of New York City businessmen who specialize in turning around under-performing companies.

In a letter to about 500 Paa-Ko Communities home and lot owners, the course’s new owners, Tony Alvarez and Bryan Marsal, principals of the Manhattan firm of Alvarez & Marsal, announced the change of ownership in the No. 1-rated golf course in New Mexico.

In the letter, they also announced their intent to build a 62-room lodge and 18 guest cottages to attract tourists to the golf course. More

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