The Pellucid Perspective - October 2023 - 11
Event
Course
Skyline Woods
CC
DMA
Omaha NE
Type/Holes Summary
PRIV/18
Open/Reopen
Black Desert
Resort
Las Vegas NV
PUB/18
New owner Dennis Circo plans to re-open facility
closed originally in '05 and then through a
series of bankruptcies, transactions, lack of
maintenance of land footprint etc. Going from
that to full-scale, exclusive private according to
Circo's plans. Local homeowners and residents
thrilled; now just needs ~500 of them to join and
pony up money...
Latest indication that high-end, remote, resort
golf is making a comeback. Opened in May,
Weiskopf design in remote UT (near Snow
Canyon State Park), big eco splash with Audobon
designation as Signature Sanctuary Platinum
designation for responsible irrigation, only 75
acres of maintained turf etc.
Closed
Old Bridge GC at
Rose-Lambertson
[fmrly Glenwood
Country
Club]
New York NY
PRIV/18
2020 Acquisitions developer going to overhaul the
course, converts fm private to muni (Old Bridge
Township funding), adding mini-golf; NJ local
Stephen Kay designs, pledges " first class design "
for $8M investment; three rate tier residents/state/
out-of-state (Harding Park SF model, not uniformly
successful); 2020 Acquisitions promises township
revshare for 1st 5 yrs whether makes profit of
not (interesting...). Opening delayed due to lack
of management company interested in/willing to
operate but now appears on schedule for Apr '24
" official " opening
Trump Golf
Links Ferry Point
New York NY
PUB/18
Bally's to take over lease to Dept of Parks from
Trump Organization, lots of politics, add'l 17
acres adjacent land purchase will accommodate
casino and larger footprint. As evidence of how
toxic politics have become (both sides), Parks
Dept Comptroller comments, " I am delighted
that Trumps's name will no longer deface city
parkland " (I guess he'll go after all the NYC
graffitti next maybe?)
Transacted/For
Sale/Auction
Misty Creek
Country Club
Tampa-St.Petersburg
(Sarasota) FL
PUB/18
LIPG goes " back to the well " for buyer, Coral
Investment Group (which recently bought 3-course
" Golf in Venice " portfolio). Coral comments,
" Our strategy is to continue growing our golf
business alongo the I-75 corridor between Naples
and Tampa " as they beef up FL assets but
also mentioned they'll be opportunistic buyers
elsewhere when properties fit their model.
The Club at
Grandezza
Monster GC
Ft. Myers-Naples
FL
New York NY
PRIV/18
PUB/18
Heritage Golf Group on the move again,
purchases fm Gravitas, marks Heritage's 33rd
property, follows their upscale, private clubs
pattern and expands FL footprint
New owner, Resorts World Catskills, re-opens
following $40M investment in Rees Jones redesign
on course closed since '15. Yet another sign that
money is coming back to golf and resurrecting
former properties often more economical than
new builds (+ resort location advantage here)
Tot Hill Farm
Golf Club
The Crossings
Golf Club
www.PellucidcorP.com
Greensboro-High
Point-Winston
Salem NC
Raleigh-Durham
(Fayetteville) NC
PUB/18
New owner Pat Barber (owns several other
courses in Carolinas, re-opens after multi-million
dollar renovations and redesign by Mike Stranz;
going for 2-tier rate structure, one for locals and
then " everyone else " (could be interesting)
PUB/18
Miller Management listing
The Pellucid PersPecTive
11
http://www.PellucidcorP.com
The Pellucid Perspective - October 2023
Table of Contents for the Digital Edition of The Pellucid Perspective - October 2023
TOC
Better Tools and Data Mean Fewer Answers Left “Blowin’ in the Wind”
Potential 520M Rounds record year is possible
15 Activities, Transactions continue healthy pace with 10
Favorable September keeps Year-to-Date in positive territory
Utilization Surges as Rounds Refuse to Yield to Wilted Weather
For Tampa, at #22, leveraging healthy golfer base is key to breaking Top 20 barrier
The Pellucid Perspective - October 2023 - TOC
The Pellucid Perspective - October 2023 - Better Tools and Data Mean Fewer Answers Left “Blowin’ in the Wind”
The Pellucid Perspective - October 2023 - 3
The Pellucid Perspective - October 2023 - 4
The Pellucid Perspective - October 2023 - 5
The Pellucid Perspective - October 2023 - 6
The Pellucid Perspective - October 2023 - Potential 520M Rounds record year is possible
The Pellucid Perspective - October 2023 - 8
The Pellucid Perspective - October 2023 - 9
The Pellucid Perspective - October 2023 - 15 Activities, Transactions continue healthy pace with 10
The Pellucid Perspective - October 2023 - 11
The Pellucid Perspective - October 2023 - 12
The Pellucid Perspective - October 2023 - 13
The Pellucid Perspective - October 2023 - Favorable September keeps Year-to-Date in positive territory
The Pellucid Perspective - October 2023 - 15
The Pellucid Perspective - October 2023 - Utilization Surges as Rounds Refuse to Yield to Wilted Weather
The Pellucid Perspective - October 2023 - 17
The Pellucid Perspective - October 2023 - For Tampa, at #22, leveraging healthy golfer base is key to breaking Top 20 barrier
The Pellucid Perspective - October 2023 - 19
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