Posted on 1/15/2019, by Jack Crittenden , GOLF Inc. American Golf sold its 13th and 14th golf courses in the last year, selling The Crossing Golf Club in Franklin, Tenn. to Golf Franklin Bridge LLC, and The Trophy Club of Apalachee, in Dacula, Ga. to Golf Apalachee LLC. Steven Ekovich, First Vice President, National Managing Director and Director of the
Stressed private clubs and public courses made up most of the sales in 2018, along with some large resort deals. By Jack Crittenden, GOLF Inc. (January/February 2019) American Golf made big news last year when it announced it would sell the 27 golf courses it owned. The income would fund a rapid expansion of Drive
A golf course owner’s options of holding or selling their golf course must be a pro-active decision. As Golf Course Brokers we advise our clients to consider several factors, including estate planning, tax implications, long and short term investment strategies and the current market conditions. Once the decision to sell is made, owners must be
At the start of 2016, the US stock market had erased over $1 trillion in value as falling oil prices, volatility in China, shrinking world trade, rising debt and deflation had most all talking heads telling clients to sell everything in face of a “cataclysmic year.” Midway through 2016, all three major US stock markets
The LIPG recently published the results of its 2016 Golf Investor Sentiment Survey. While the overall index fell by over 6 points (see article by Raymond Demby for more detail), this has not dissuaded investors from deploying capital into the golf market. Velocity in the transaction market remains healthy. Compared to 2015, the LIPG transaction
It’s kind of crazy that in this day and age we have something called women’s tees. Three reasons: It’s prejudiced towards women, it slows play, and it does little to grow the game. But there is a solution. The industry should consider embracing a gender-neutral system by using numbered teeing stations instead of colors. Most
Investors are always looking for opportunities to buy right at the start of the uptrend — which perfectly describes the market for golf courses right now. Golf properties were hit hard in the Great Recession, but are now showing significant signs of improvement. “The golf industry has been in a state of recession since 2006.
Expect the sales market to move towards equilibrium To predict investor buying patterns, market cycles, inventory and seller sentiment relative to golf course properties for this year, it is enlightening to look at where we have come from the last few years. For example, the average golf course was on the market for 328 days
Golf Inc. Magazine (Summer 2012): With Commercial Real Estate Confidences Up, is Golf Close Behind? ~ Steven Ekovich
The golf industry tends to look at golf through a very small window in the clubhouse. We tend to think what is happening to us is unique and that we are the only ones that have to deal with the type of issues we are faced with. That could not be further than the truth.