The Pellucid Perspective - June 2022 - 13

River Bend Golf
& Country Club
GreenvilleNew
BernWashington
NC
Pub/18
Filed for Chapter 11 in '20, still operating but
under financial duress, Larry Goodwin owner since
'17 putting up white flag; finally found buyer in
Carlos Melo @ 67% of asking price (ouch). Melo
also owns Minnesot G&CC and Brandywine Bay
GC so no " stranger to danger " of the vagaries of
course ops
Foxcliff Golf
Club
Tewksbury
Country Club
Cape Cod
National
Golf Club
Transacted/
Under Contract/
For Sale
Pinewild Country
Club
Indianapolis IN Priv/18
Boston MA
(Manchester NH)
Boston MA
(Manchester NH)
Raleigh-Durham
(Fayetteville) NC
Pub/9
Priv/18
Pub/45
Local owners jump in to save underwater course;
will get First Tee designation/support but that's
more window-dressing. Let's hope this doesn't
turn into a double drowning
Golf course gets new corporate owner and...a
50-person staffed brewhouse on the premises by
new owner Treehouse Brewing. We all know that
beer and golf go together!
Former managing partners exit the iconic Cape
resort to EOS Investors LLC who will invest and
enhance, including the 18 hole Cape Cod Nat'l
private course (guests have access)
Under contract, hush-hush discussion, being
handled by LIPG, land worth $16.7M/course
worth $5.25M according to LIPG, the only nonPinehurst
course in Pinehurst NC (figure that one
out); will be interesting to see if the parties get to
the altar
Cornerstone
Club
Meadowlands
Golf Club
Timber Trace
Golf Club
Valleybrook Golf
& Country Club
Denver CO
Priv/18
Wilmington NC Pub/18
Ultra-luxe hospitality company takes over reins
and adds to their portfolio of high-end, year-round
activity destination properties with real estate and
reciprocal privileges
Retired (child care) businessman, Bob Graeer,
buys his 5th property in NC/VA states, most are
real estate-anchored courses; new owner says he's
in the golf business, no plans to develop or sell
land
Detroit MI
Pub/18
Chattanooga TN Priv/18
Local ownership group of 7 putting local attention
and TLC back into course; going to map out a Par
3 version for the kids/seniors within the regulation
layout to add a twist
Up for sale by local businessman Henry Luken
who bought at auction in '13 for $950K. Luken
says, " Highest and best use is not a golf course "
even though it's making good money but local
housing market/needs are hot and land in high
demand
Redevelopment
Status Change/
Other
On-the-bubble
PELLUCID-ISM
Understanding rounds and their change is interesting
but the cardinal metric is revenue. Last I checked, you
can't take rounds to the bank and higher rounds but
lower revenue won't make payroll in any given month
www.PellucidcorP.com
The Pellucid PersPecTive
13

http://www.PellucidcorP.com

The Pellucid Perspective - June 2022

Table of Contents for the Digital Edition of The Pellucid Perspective - June 2022

TOC
CRM is next “deferred CapEx”
PGA Professionals in the crucible
11 Activities; Transactions dominate with 9
May GPH declines -7%, Year-to-Date improves slightly (-11%)
Apr Utilization gains vs. down rounds, Year-to-Date also ahead of poor weather!
Denver rises to #2 in current ranking; ready to take on #1 San Diego?
The Pellucid Perspective - June 2022 - TOC
The Pellucid Perspective - June 2022 - CRM is next “deferred CapEx”
The Pellucid Perspective - June 2022 - 3
The Pellucid Perspective - June 2022 - 4
The Pellucid Perspective - June 2022 - 5
The Pellucid Perspective - June 2022 - 6
The Pellucid Perspective - June 2022 - 7
The Pellucid Perspective - June 2022 - PGA Professionals in the crucible
The Pellucid Perspective - June 2022 - 9
The Pellucid Perspective - June 2022 - 10
The Pellucid Perspective - June 2022 - 11
The Pellucid Perspective - June 2022 - 11 Activities; Transactions dominate with 9
The Pellucid Perspective - June 2022 - 13
The Pellucid Perspective - June 2022 - May GPH declines -7%, Year-to-Date improves slightly (-11%)
The Pellucid Perspective - June 2022 - 15
The Pellucid Perspective - June 2022 - Apr Utilization gains vs. down rounds, Year-to-Date also ahead of poor weather!
The Pellucid Perspective - June 2022 - 17
The Pellucid Perspective - June 2022 - Denver rises to #2 in current ranking; ready to take on #1 San Diego?
The Pellucid Perspective - June 2022 - 19
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