The Pellucid Perspective - February 2020 - 17

Event

Course

DMA

Type/Holes

Summary

Minneopa GC

Mankato MN

Pub/9

Sold to owners of another local course, Terrace
View

Pinelands GC

Philadelphia PA

Pub/18

Jennings Mill
CC

Atlanta GA

Pub/18

Stonehenge
GC

South BendElkhart IN

Priv/18

Port Royal
GC

Hilton Head, SC Pub/36

Former Heritage, purchased by KSL Capital

Oyster Reef
GC

Hilton Head, SC Pub/18

Former Heritage, purchased by KSL Capital

Shipyard GC

Hilton Head, SC

Pub/27

Former Heritage, purchased by KSL Capital

TPC
Prestancia

Sarasota, FL

Pub/36

Former Heritage, purchased by KSL Capital

TPC Tampa
Bay

Tampa, FL

Pub/18

Former Heritage, purchased by KSL Capital

The
Dominion
Club

Richmond, VA

Pub/18

Former Heritage, purchased by KSL Capital

Eagle Ridge
Resort and
Spa

Champaign &
Pub/63
Springfield-Decatur IL

Transact

Redevelopment

Makaha
Valley Resort

Purchased in 2015 for $1.7M, sold for undisclosed amt to L&J Acquisitions

Sold in May 2019 for $13M

Pub/18

Where Tiger's first Hawaii golf course design
was to be, Pacific Links Int'l. sold the 644
acres, citing financial pressure from China.

Pub/18

Defaulted on $4.2M. Hoped to have shirttailed
off of people coming to nearby Kohler to play
golf. Now it's down the toilet.

Status Change

Distress/
For Sale

The Bull GC

www.PellucidCorp.com

Milwaukee WI

The Pellucid Perspective

17


http://www.PellucidcorP.com

The Pellucid Perspective - February 2020

Table of Contents for the Digital Edition of The Pellucid Perspective - February 2020

TOC
Belmont GC transaction: Woke ambition meets joke financials
USGA Distance Study, data galore but few insights
Observations from integrated GBC/PGA Merchandise Show events
January GPH rising tide lifts most (in-season) geography boats
Dec Utilization delivers; Weather up, Rounds up
San Francisco holds its own, strong golfer base is underleveraged
Transactions edge out closures fueled by KSL/Heritage deal
The Pellucid Perspective - February 2020 - TOC
The Pellucid Perspective - February 2020 - Belmont GC transaction: Woke ambition meets joke financials
The Pellucid Perspective - February 2020 - 3
The Pellucid Perspective - February 2020 - 4
The Pellucid Perspective - February 2020 - 5
The Pellucid Perspective - February 2020 - USGA Distance Study, data galore but few insights
The Pellucid Perspective - February 2020 - 7
The Pellucid Perspective - February 2020 - Observations from integrated GBC/PGA Merchandise Show events
The Pellucid Perspective - February 2020 - 9
The Pellucid Perspective - February 2020 - January GPH rising tide lifts most (in-season) geography boats
The Pellucid Perspective - February 2020 - 11
The Pellucid Perspective - February 2020 - Dec Utilization delivers; Weather up, Rounds up
The Pellucid Perspective - February 2020 - 13
The Pellucid Perspective - February 2020 - San Francisco holds its own, strong golfer base is underleveraged
The Pellucid Perspective - February 2020 - 15
The Pellucid Perspective - February 2020 - Transactions edge out closures fueled by KSL/Heritage deal
The Pellucid Perspective - February 2020 - 17
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