Paa-Ko Ridge Golf Club sold

New Mexico’s top rated golf course changed hands in March, according to Paa-Ko Ridge Golf Club in Sandia Park, was acquired by Alvarez & Marsal, a New York investment group that specializes in turnarounds.

Roger Cox & Associates developed the course in 2000, and it was named by Golf Digest as the best new course to open that year. Designed by Finger Dye Spann, it has been ranked as the top golf course in New Mexico. It currently ranks 46th on Golf Digest's “Top 100 You Can Play” list. 

Eagle Crest Resort sold for $12M

KDG Capital, a real estate private equity firm focused on full-service hotels and resorts, acquired Eagle Crest Resort, a 100-room destination resort, in Redmond, Ore., for $12 million.

Eagle Crest was developed in 1985 and is the largest conference and lodging facility near Redmond. Redmond is located in Central Oregon’s high desert in the greater Bend-area.

Duncan Golf focuses on Reno-area properties

For more than a decade, Duncan Golf Management has been carving out a niche for itself in Nevada’s capital city area.

The family-owned, locally focused company aims to provide “the best golf experience in Northern Nevada,” and these days it puts its promise into practice at five properties that cater to players who seek enjoyable, mid-priced golf. The company’s portfolio consists of four 18-hole public courses and one 36-hole municipal complex.

GIS attendance lowest since 1986

Attendance at the Golf Industry Show this year dropped to its lowest point since 1986, long before the Golf Course Superintendents Association of America and the National Golf Course Owners Association merged together to form the annual trade show.

Only 11,700 attended the show in San Antonio last month, which was 14 percent down from the prior year, but only 6 percent down from the last time it was in San Antonio. Still, attendance has been on a steady decline since 2008 when it attracted a high of 25,737 attendees.

Nicklaus to step down from day-to-day operations of his company

After nearly 50 years of directing the wide-ranging business interests of the Nicklaus Cos., golfng legend Jack Nicklaus is stepping away from day-to-day involvement in the organization.

“I have spent my life building the Nicklaus Cos., and there has come a time in my life when I need to reduce my level of involvement and pursue many other things I am very interested in,” Nicklaus said in a statement.

Touchstone beefs up with muni deals

Touchstone Golf has gotten off to a fast start in 2018, with acquisitions that may signal the direction of its immediate future.

Touchstone, ranked by Golf Inc. as the world’s 17th-largest management company, began the new year by adding a pair of municipal properties to its portfolio: Lady Bird Johnson Municipal Golf Course in Fredericksburg, Texas and Blue Rock Springs Golf Course in Vallejo, Calif. They are the 11th and 12th municipal venues that Touchstone now operates and Steve Harker, the company’s president, thinks there’s more where they came from.


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