Under the new pricing structure at the Scottsdale, Ariz., club, the cost of membership will fluctuate according to supply and demand rather than a set initiation fee. The member-owned and controlled club’s Board of Directors unanimously agreed to put the new strategy in place, and the President noted that other North Scottsdale golf clubs “have seen positive outcomes” from the same approach.
Forest Creek Investors LLC, a group of 189 members of the Pinehurst, N.C., club, bought out its developer for about $9.7 million. Including additional debt that members plan to retire over the next three years, the total purchase price is likely closer to $15 million.
The White House tried to keep the outing private, but a tweet from a golf journalist who belongs to the club triggered media complaints over having no access to the President through the weekend. Woods’ former coach, Butch Harmon, rode along and gave Obama tips during his round.
Magnificent architecture, masterful interior décor and inspired landscaping can create a wondrous property but aren’t enough on their own to become a player in the high-stakes, high-end resort game. For The Grand Del Mar to make an immediate impact, it also had to strive for new heights in service and amenities.
Wind Rose Holdings LLC, a California investment group, beat out Donald Trump and another bidder for the operational assets of the Edwards, Colo., property. The sale and settlement of outstanding litigation against club owner David Wilhelm by the membership is subject to approval by the U.S. Bankruptcy Court on December 17.
To stand out in a crowded field, this Scottsdale club has found the right spots to offer a little bit more—and a little bit less.
By stepping up emphasis on its non-golfing amenities, the new ownership of Reynolds Plantation, with a big assist from Ritz-Carlton, seeks to broaden its appeal as a popular resort destination.
When Rory McIlroy took the 2012 PGA Championship by storm, it was just the latest example of how the South Carolina property has stayed up with the latest trends.
May 20, 2013
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May 20, 2013 | 0 comments
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