National Golf Management has closed a deal to manage TPC Myrtle Beach, bringing its portfolio to 23 courses.
National Golf Management was formed in March 2012, with the merger of Myrtle Beach National and Burroughs & Chapin. At the time, it operated 23 of the region’s 90 courses, and owned 15 of those courses. President Bob Mauragas said the company’s goal was to be better and not necessarily bigger. It said it would grow slowly, focusing on courses in the Myrtle Beach area in need of capital help.
TPC Myrtle Beach is the first addition to the portfolio since the merger. National Golf Management will oversee all aspects of managing TPC Myrtle Beach including overseeing operations, sales, marketing and more.
“Our ultimate goal is to provide visitors of Myrtle Beach and local Grand Strand golfers with the highest standards,” Mauragas said. “The addition of TPC Myrtle Beach to our portfolio is consistent with our strategic plan to assemble a collection of premium courses and we are excited to begin working with them.”
The PGA Tour-affiliated TPC network includes more than 30 courses, including TPC Myrtle Beach. PGA owns most of the TPC branded courses, but local businessmen Chip Smith and Danny Young own TPC Myrtle Beach.
“We have been contemplating this decision for quite some time,” Smith said in a press release. “Given the current market conditions, we feel the timing is right to align TPC Myrtle Beach with National Golf Management. They know the market, and have the experience and resources to increase rounds and revenues, while assuring a great experience for our guests.”
Tom Fazio and Lanny Wadkins designed TPC Myrtle Beach, which opened in 1999. At the time, it was the 100th course in Myrtle Beach. It has hosted the Senior Tour Championship and the final round of the World Amateur Handicap Championship.