(This issue keeps coming up around the country so I thought a recap of the blog written July 2011 would be appropriate) At a dinner gathering last evening a few of women golfing members of a private country club reported on the latest policy changes made to their club’s summertime tee times. The reason given […]
Country Clubs Struggle for Members
I am asked almost every day what I feel is the hinge pin that keeps the golf economy going. I do not hesitate to say…Country Clubs, private or semi-private, play a huge part in golf’s overall survivability of this current recession. Oh, of course, even if the worst happens there will always be some form […]
If I Only Knew About Country Clubs Back Then..
As most of my viewers know..I play golf. Plus, I play business golf. Yes, there is a difference but I have covered the differences many times and will not get into that again here. What I want to bring to my business golf and golfer viewers attention is more on something I have found very […]
Four Seasons Resort Could Default on a $175m Loan
In a recent article in the Dallas Morning News, it was reported that the Home of the Byron Nelson missed a payment in October on their $175 million loan to mortgage holder CW Capital. The Los Angeles-based Bentley Forbes, owners of the Four Seasons, reports they do not have the funds "to continue to support […]
The Cost of Turning an Old Country Club to New
Sitting tight would be the wise thing to do, but if the infrastructure of a country club is costing more a month to repair than the monthly interest on a capital improvement note then maybe sitting tight is not the right answer.
Increasing revenue is the optimum option which would usually mean raising membership fees or bring in new members. The thinking that these two options are the only ways to raise revenue is where most governing boards and owners of country clubs begin to limit themselves.
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