Warrior Golf buys Cimarron Golf Resort in Palm Springs

Warrior Golf acquired Cimarron Golf Resort in Palm Springs, Calif., last week from Textron Financial, which had foreclosed on the property in 2010.

This is the seventh golf course acquisition for Warrior, which is managed by Brendan Flaherty who is the founder and CEO of Warrior Custom Golf, Inc.

The Cimarron Golf Resort features two separate 18 hole layouts; The Boulder, A full length par 71 course and the Pebble, an executive par 55 course. There is a grass driving range, putting green and the carts are highly equipped with state of the art GPS.

Synergy Golf Group will continue to manage the property.

“In this case, I think it is just the right property and the right buyer at the right time,” Will Gustafson, chief executive officer of Synergy Golf Course Management told the Desert Sun. “We are seeing a lot of opportunities. Obviously, golf courses are trading for well below replacement costs right now. And debt is still very difficult today. So this was just the right property for their guys.”

Warrior Golf has been targeting properties in the $1 million to $4 million range. It brings together a group of investors and structures each deal as a limited liability company. The club targets courses in regions where Warrior Custom Golf has a significant number of clients. 

“This wonderful facility fits perfectly within our business model to acquire well-located public fee courses at significant discounts to replacement cost,” said Walter Bolen, director of investor administration for Warrior Golf Development LLC, in a statement announcing the sale. “The physical plant is in great condition, and under Synergy's management, our goal is to improve upon the 50,000 rounds played here annually.”
 

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