The Pellucid Perspective - September 2021 - 11

Event
Course
Lancaster
Country Club
Woodcrest
Country Club
Greate Bay Golf
Club
Moselem
Transacted/
For Sale
Springs Golf
Club
Brunswick
Greens
Riverview
Country Club
Twin Creeks
Golf Course
AlbanySchenectadyTroy
NY
Cheyenne WYScottsbluff
NE
Dallas-Ft.Worth
TX
L&P/9
DMA
Type/Holes Summary
Columbus OH Priv/18
Philadelphia PA Pub/18
New owner, private club will be converted to public
facility effective 9/15. Memberships terminated,
clean out your lockers...the public is coming
New owners Randy & Patricia Lahn (own Funplex
chain of amusement centers; is " fun " coming to
NJ golf?). Developer had sold back to Cherry Hill
NJ for $4M who then sought buyer for continuing
golf ops
Philadelphia PA Priv/18
Philadelphia PA Priv/18
Sold to Frank Ruocco & partners, successful
Atlantic City casino developers/operators; taking a
gamble on NJ golf now
Family ownership looking to either recapitalize
or sell to the right buyer for continuing golf
ops. Listing broker says, " If someone wanted
to convert it to housing, it's note even a good
property to convert to housing.
of nowhere " (interesting reverse psychology)
New owner is Assoc. Broker @ Berkshire Hathaway
Blake, currently planned to continue golf operation but
zoned for a wide variety of commercial use so long-term
fate is uncertain for golf
Pub/18
Pub/18
Matriarch Grace Frueh sells after 48 yrs
managing, 3 new local owners (Becky Bussinger &
husband/wife team Brenda & Scott Wickard) take
reins
Managing company, Arcis Golf, liked it so much
they decided to buy it; latest addition after
Mickelson portfolio acquisition last month; they're
on a roll...
Redevelopment
Status Change/
Other
Red Oaks Golf
Club
On-the-bubble
Wheeling WVSteubenville
OH
L&P/18
Auction on 120 acre property including golf
course slated for 8/21. Hone family owners just
decided it's time to scale back golf involvement;
fate of property post-auction unknown, golf...or
not
It's in the middle
www.PellucidcorP.com
The Pellucid PersPecTive
11
http://www.PellucidcorP.com

The Pellucid Perspective - September 2021

Table of Contents for the Digital Edition of The Pellucid Perspective - September 2021

TOC
Dynamic Pricing: Is it working, will it work the same in ‘22?
GMRC is driving directionally upward plans, dialogues & actions
14 Activities; Transactions outpace closures 3:1 (good or bad?)
August GPH declines 5%, Year-to-Date swings to modest down (-1%)
July Utilization breaks winning streak, Year-to-Date figure still in the 70% neighborhood
Miami occupies #15 in current ranking, pretty even scorecard on upsides/downsides
The Pellucid Perspective - September 2021 - TOC
The Pellucid Perspective - September 2021 - Dynamic Pricing: Is it working, will it work the same in ‘22?
The Pellucid Perspective - September 2021 - 3
The Pellucid Perspective - September 2021 - 4
The Pellucid Perspective - September 2021 - 5
The Pellucid Perspective - September 2021 - GMRC is driving directionally upward plans, dialogues & actions
The Pellucid Perspective - September 2021 - 7
The Pellucid Perspective - September 2021 - 8
The Pellucid Perspective - September 2021 - 9
The Pellucid Perspective - September 2021 - 14 Activities; Transactions outpace closures 3:1 (good or bad?)
The Pellucid Perspective - September 2021 - 11
The Pellucid Perspective - September 2021 - August GPH declines 5%, Year-to-Date swings to modest down (-1%)
The Pellucid Perspective - September 2021 - 13
The Pellucid Perspective - September 2021 - July Utilization breaks winning streak, Year-to-Date figure still in the 70% neighborhood
The Pellucid Perspective - September 2021 - 15
The Pellucid Perspective - September 2021 - Miami occupies #15 in current ranking, pretty even scorecard on upsides/downsides
The Pellucid Perspective - September 2021 - 17
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