The Pellucid Perspective - April 2021 - 17

Event

Course

DMA

Type/Holes

Summary

Liberty Hill (the
artist formerly
known as ACE
Club)

Philadelphia PA

Priv/18

Stoneybrook
Golf Club

Orlando-Daytona Pub/18
Beach-Melbourne FL

Sonoma Ranch
Golf Club

El Paso TX (Las
Cruces NM)

Pub/18

Built in '03 by Chubb Insurance, Gary Player
design, we guess that Chubb's ultimate
" insurance " was to get out of golf business.
2nd course/acquisition by Union League of
Philadelphia; comes with name change to Liberty
Hill for '21
Latest of complicated, multi-party, public-private
deals; bankruptcy judge awards to City of Winter
Garden to be run/paid by subdivision HOA.
During bankruptcy proceeding went to auction
and had 2 qualified bidders @ $3M each, sucks to
be the bank and lose $1M in valuation...
Bought by Sierra Norte Land Holdings, also
bought/own 2nd local course Red Hawk for a
" portfolio of 2 " .

Brierwood
Country Club

Buffalo NY

Priv/18

TX-based C-BONS Int'l opts out of seasonal golf
divesting NE courses, this one to members, will remain
private

The Fox Valley
Club

Buffalo NY

Priv/18

One of 3 divested NE courses by TX-based C-BONS,
CBIGG still owns/operates 21 facilities but now all in
Sunbelt geos

Pendleton
Buffalo NY
Creek GC
(formerly Tan
Tara Golf Club)

Priv/18

3rd of C-BONS divested courses in NE, bought by
5-person member/investor group; $800K price tag,
latest spin-the-wheel for a course that has had 5 owners
in 30 yrs...

Old Erie Golf
Club

Syracuse NY

Pub/9

New local owners, young couple aspires to make it community asset and raise a family around it; we wish them
luck (sincerely)

Island West GC

Savannah GA

Pub/18

Purchased by HOA to stave off redevelopment, another
defensive buy (price not disclosed), " we didn't like the
flip side of the coin " . HOA hired Stephens Golf Group
(oops, see Rose Hill above) to manage course; this could
be interesting

Willow Ridge
Country Club

New York NY

Priv/18

Town of Harrison NY strikes interesting deal to buy
from members as defense for members' application for
eminent domain (public development), club spokesperson characterized it as " an advance payment " (meaning
they're going to squeeze the town for a higher valuation
now that it's on the hook). Welcome to NY state, rich
guys hardball...

Monticello GC

Los Angeles CA

Pub/18

Latest TopGolf iteration, 18 hole muni course becomes TG facilty + 9 hole reversable + future draft
picks in a " promise-everything " plan to save the
course/save the community/save the whales etc...
that passes City Council 5-0

Rose Hill Golf
Club

Savannah GA

Pub/18

Retail license revoked as early as Mar '20, operator (Stephens Golf Group) kept operating but got
caught; owner, residents, golfers caught in the
legal crossfire but Stephens is definitely out (and
Andy Stephens on bail)

Transacted/
For Sale

Redevelopment

Status Change/
Other

On-the-bubble

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The Pellucid Perspective - April 2021

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