The Pellucid Perspective - October 2021 - 13

Event
Course
Gentle Creek
Country Club
Indian Hills Golf
& Tennis Club
The Bluffs on
Thompson Creek
Canyon Crest
Golf Club
DMA
Dallas-Ft.Worth
TX
Wilkes BarreScranton
PA
Type/Holes Summary
Priv/18
Pub/18
Baton Rouge LA Pub/18
Bought and will be operated by Arcis Golf,
daughter of founder, Molly Ann Huie Mayes, who
assumed control in '07 turns over the keys
Two locals, Josh Grunden (Srixon Rep by day) &
Scott Hall, trying to rejuvenate and give it a more
cool, community vibe
Last transacted in '19 for $3.15M, Jerry Dodson
tosses in towel after partner Kenneth Carter passes,
Dodson says " got tired of subsidizing the costs "
of the Arnold Palmer-designed facility; local owner
group buys it to preserve golf and property values
Los Angeles CA Priv/18
Transacted/
For Sale
ClubCorp exits ownership, sells to Canyon Crest
CC Inc. (shadow buyer) in off-market transaction.
Attorney representing buys says, " Golf in last year
has spiked interest in first-time golfers...giving
investors a new outlook on acquiring private and
public courses "
Saddleback
Ridge Golf
Course
Country Club of
Old Vincennes
[Cypress Hills
GC]
Tahquitz Creek
Golf Resort
Cedar RapidsWaterloo-Iowa
City
& Dubuque
IA
Pub/18
Owner Ron Rushek retiring after opening course in '00,
sold to developer AM management but initial plan is to
keep course, improve clubhouse but build 40 singlefamily
homes on part of land
Terre Haute IN Pub/18
New owners, small group of local business leaders.
Vision statement is an industry staple, " There is
no question there's a lot of work to be done in the
coming months, but we are truly looking forward to
bringing the course back to its glory. "
Palm Springs CA Pub/18
Hard to follow the bouncing ball, local Oswit Land
Trust agreed to buy both courses, now only wants
one " to allow golfers to continue have golf and
residents to retain a golf course in their backyard "
(only the ones on the Resort Course; Legends
Course neighbors, too bad)
Valley View Golf
Club
Columbus OH Pub/18
Bought by Lancaster OH natives, Barry & Jennifer Rhonemus,
$710K purchase price, family cashing out after
parents' passing
Brandywine GC Cleveland-Akron
(Canton) OH
Winchester
Country Club
Redevelopment
Forest Oaks Golf
Club
SacramentoStocktonModesto
CA
West Palm
Beach-Fort
Pierce FL
Pleasant Valley
Golf Course
Dannebrog Golf
Course
On-the-bubble
Patriots Glen
National Golf
Club
Baltimore MD Pub/18
Pub/18
Land bought by Conservancy for Cuyahoga Valley
Nat'l Park, doing restoration work then selling
192 acres (keeping 15 acres?) to Nat'l Park Svc.,
course closed in '18
Pub/18
Back on mkt, last transacted in '18, course + 87 home
sites; current owner dissolving partnership & needs to
liquidate. One of the toughest tracks in Sacramento
mkt @ 145 slope!
Pub/18
Despite (usual) local community objections, owner
Grillo Golf selling to CAN homebuilder Mattamy
Homes. Grillo comments, " We cannot make a go
of it anymore or compete with county-owned golf
facilities; the residents do not support the golf
course " .
Columbus OH Pub/27
Lincoln & Hastings-Kearney
NE
Pub/9
Had been listed since '19 for $1.25M, now being sold to
developer (Rockbridge Mngmnt) for $1M, 15 homesites
9 hole " local legend " course w/sand greens and
payment honor system sits on larger parcel of
land being auctioned. Would be a shame to lose
this one...
" On the block " 10/22/21, going once, going twice...
www.PellucidcorP.com
The Pellucid PersPecTive
13
http://www.PellucidcorP.com

The Pellucid Perspective - October 2021

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

TOC
Market Analysis increasing in “fun factor” behind positive numbers
Evolving Customer Engagement; Old Tools, New Rules
19 Activities, 12 Transactions lead; 3 interesting “special situations
Flat National September But Negative 1:2 Regional Breadth Picture
August Utilization Down Slightly, Still up 7 Points YtD
The Pellucid Perspective - October 2021 - TOC
The Pellucid Perspective - October 2021 - Market Analysis increasing in “fun factor” behind positive numbers
The Pellucid Perspective - October 2021 - 3
The Pellucid Perspective - October 2021 - 4
The Pellucid Perspective - October 2021 - 5
The Pellucid Perspective - October 2021 - 6
The Pellucid Perspective - October 2021 - 7
The Pellucid Perspective - October 2021 - 8
The Pellucid Perspective - October 2021 - 9
The Pellucid Perspective - October 2021 - Evolving Customer Engagement; Old Tools, New Rules
The Pellucid Perspective - October 2021 - 11
The Pellucid Perspective - October 2021 - 19 Activities, 12 Transactions lead; 3 interesting “special situations
The Pellucid Perspective - October 2021 - 13
The Pellucid Perspective - October 2021 - Flat National September But Negative 1:2 Regional Breadth Picture
The Pellucid Perspective - October 2021 - 15
The Pellucid Perspective - October 2021 - August Utilization Down Slightly, Still up 7 Points YtD
The Pellucid Perspective - October 2021 - 17
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