Commentary by Glen GerenaOperating a golf club or country club today is more challenging than ever, and one solution may be hiring a management company. The decision by a club owner or board to retain a management company could greatly impact the success of the club. More and more golf courses are deciding to hire a third party management company, with approximately 18 percent of all U.S. golf courses today employing this kind of support. Troon Golf, the largest club management company, has added over 123 new courses since 2011.
Troon will manage The Club at Porto Cima in Sunrise Beach, Missouri on the Lake of the Ozarks. The Club at Porto Cima is a private facility and features an 18-hole Jack Nicklaus Signature Design, a 17,000 square-foot clubhouse and a Yacht Club.
Mosaic Clubs & Resorts has added two courses in the Atlanta market — The Bobby Jones Golf Course in Buckhead and Smoke Rise Country Club in Stone Mountain.
MBK Partners, a private equity firm, announced it will acquire Japanese golf course operator Accordia Golf for about $760 million. MBK had tried to acquire Accordia in July, but the deal was scrapped after Accordia's value surged.
The City of Round Rock has selected KemperSports to manage Forest Creek Golf Club — an 18-hole championship golf course located in the Sports Capital of Texas. The partnership between KemperSports and the City will allow for both organizations to align goals as the course embarks on a significant two-year renovation project that starts in 2017.
The City of Atlanta has ended its lease with American Golf to manage five of the city’s six golf courses, leaving the city without a management company after a failed bidding process.
The city had sought a competitive bidding process, but did not receive any acceptable bids.
American Golf did not bid, but continued to try to work out a deal.
The Huntley Park District in Illinois selected KemperSports to manage Pinecrest Golf Club, an 18-hole course located in the northwest suburbs of Chicago.
Pinecrest Golf Club has been a popular golf destination for the local community for the past 44 years, with robust golf leagues and permanent tee time programming. The course has undergone several refreshes over the years and is considered one of the best-maintained public golf courses in the region.
Coral Hospitality, a hospitality management and investment company, will take over management of Jacaranda West Country Club in Venice, Fla. GF-Jacaranda, LLC recently acquired the course and hired Coral Hospitality.
Troon will take over management of Tiburón Golf Club in Naples, Fla., a semi-private club with 260 members. The club is owned by WCI Communities, which also owns the community.
Tiburón features two 18-hole, Greg Norman-designed golf courses, the Gold and the Black, and is home to the PGA Tour’s Franklin Templeton Shootout and the LPGA Tour’s CME Group Tour Championship.
The club sits adjacent a 295-room Ritz Carlton Golf Resort, and a 450-room Ritz Carlton Beach Resort is a few miles away. Both hotels have preferred access to the golf courses.
The Bay Club Company acquired two additional golf courses in July, as the private club operator continues to move into golf. It acquired Fairbanks Ranch Country Club in Rancho Santa Fe, near San Diego, and The Golf Club at Boulder Ridge in San Jose.
Bay Club operates more than 20 California locations and serves more than 86,000 members. But the company only acquired its first golf course in 2014, when it added StoneTree Golf Club in Novato, Calif.