Stewardship of Glen Oaks Country Club in West Des Moines, Iowa has been transferred to Concert Golf Partners. The golf course real estate industry took a hammering in the years after the Great Recession, as an oversupply of courses failed to meet demand from buyers. Employment Service Interviewer 9-E10. Golf Club Faces Class Action Lawsuit. "We look forward to supporting Peter, Susan, and the broader Concert Golf team as they leverage access to additional capital to execute on their strategy at a greater scale.". Blackstone is one of the worlds leading investment firms, which has extensive experience in the hospitality and leisure sectors. Experience Concert Golf Partners May 2012 - Present Heathrow Country Club April 2012 - Present Orange County National Golf Center and Lodge January 2008 - May 2012 L.B. This cookie is set by GDPR Cookie Consent plugin. Concert Golf is a boutique operator of private golf and country clubs focused . Chairman and CEO Peter Nanula and. MITCHELLVILLE, Md., Oct. 28, 2022 /PRNewswire/ -- After a hiatus of 50 years, Howard University's golf team has returned to the campus and Concert Golf Partners has joined the likes of NBA. This includes upgrades to golf course aprons, green and tee complexes and irrigation system; renovating the member bar and grill; and some additional clubhouse remodeling. The clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. " (We will) become members of the family of . from 8 AM - 9 PM ET. Larry Smith and Mike Vallencourt shot 10-under-par 62 at Eagle Harbor last week to win the Jacksonville Area Golf Association Fall Four-Ball, beating two teams tied for second by four shots. C+RB reported on the transaction at the time. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. Whether youre the head planner of your upcoming buddies golf trip or simply along for the ride, weve gathered a few easy ways to keep everyone in your group happy. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. And the entire membership is much happier as a result of it." The Players Championship presented the Players Community Senior Center with a new computer lab, helping replace equipment that was vandalized and stolen in a 2020 incident. Press Esc to cancel. All rights reserved. Get the latest Bi-Weekly Golf Business Viewpoints. The Club at 12 Oaks is the latest high-end private club to join Concert Golf Partners. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. Concert Golf Partners sale of Legacy Golf Resort in Phoenix, Ariz for a reported $16 million to Molson Properties marks the first time the buyer has sold a course. Members are pleased with . 2023 PitchBook. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. They never assessed the members, and they never took any money out of the club. Concert Golf Partners burst onto the scene in 2011, with Peter Nanula, CEO, announcing the company would invest more than $50 million into acquisitions of private clubs. Martinez, GA Easy Apply Today. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Co-Founder, Chairman & Chief Executive Officer, Youre viewing 4 of 10 executive team members. The purchase includes 10 lighted tennis courts, a fitness center, pool and clubhouse. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. Concert Golf offers a personalized and curated approach to partnership and operates 25 private golf and country clubs nationally, including former developer-owned clubs and longtime member-owned clubs. For more information about Concert Golf Partners, please visit concertgolfpartners.com. Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website. $16.00 Per Hour (Employer est.) Gaillarda CC is the premier private club in Oklahoma City, with an 18-hole Tom Kite-redesign thats the centerpiece of a luxurious 600-acre residential community. We will all be staying in the neighborhood and continue to be members of the club. Emmett Kuhlenkamp of Fleming Island had a hot hand at the Ocala Golf Club with rounds of 69-68--137 to win his first Florida Junior Tour event by two shots. Started in 2010 by former Arnold Palmer Golf Management founder Peter Nanula, the company focuses on premier private clubs in major metropolitan areas, making significant all-cash investments and upgrades while changing their business model to for-profit. Golf clubs featured include West Lake Country Club (Augusta, Georgia), Heathrow Country Club (Orlando, Florida) and MacGregor Downs Country Club (Raleigh, North Carolina). We are excited about working with our new investor partners and we look forward to growing the club portfolio with our existing team, said Susan Dunnavant, COO of Concert Golf Partners. For more information about Concert Golf Partners, please visit concertgolfpartners.com. Concert Golf Partners of Lake Mary made Marsh Landing its 28th private club acquisition with its purchase of the Ponte Vedra Beach gated-community, private club, built in 1982and designed by the late Ed Seay of Palmer Course Design. Concert Golf Partners currently owns and operates 23 golf clubs around the United States and is always Shared by Emily Adams View Emily's full profile You also have the option to opt-out of these cookies. 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. Not long afterward, the clubs number of golf members increased by more than 100, the number of social members jumped by almost 20% and the average age dropped from over 65 to approximately 53. Members of the Plantation Golf and Country Club voted overwhelmingly two weeks ago in favor of selling off the golf club and amenities to Concert Golf Partners in return for a recapitalization plan. The new owners ultimately promoted head chef Jeff Strahl to General Manager and CEO, an unusual move in the club industry and a recognition of Glen Oaks focus on culinary excellence. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. 14 May 2022 in second hand snowshoes for sale near hamburg No Comments 0 . About Concert GolfConcert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Less than two months after ClubCorppulled out of a deal to acquire 16 private clubs from Concert Golf Partners, both companies continue to be buyers. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF Members had positive feedback on that sale and the club is thriving with a healthy, happy membership base, Concert Golf Partners said. Concert is owned by Peter Nanula and several partners and funded by wealthy individuals who, according to Nanula, "invest for the long term." Last year, he said he had $150 million to spend with no plans to dispose of any properties. Bookmark, share and interact with the leading club and resort magazine today. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. This cookie is set by GDPR Cookie Consent plugin. But that has opened the door for investors like Mr. Nanula, who raised his $50 million private equity fund in 2012 and has since bought eight golf course clubs and loans. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. CGP takes a long-term investment approach, seeking to deploy capital to upgrade ameniti es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements and more. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. The facility's clubhouse recently has been remodeled, Greg Whittaker said in a statement. Get the latest bi-weekly golf business perspective. Get the full list, To view Concert Golf Partnerss complete subsidiaries history, request access, To view Concert Golf Partnerss complete exits history, request access, Morningstar Institutional Equity Research. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen. Recapitalizing Private Clubs for Long Term Success. "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. Retrouvez le programme complet des venements de la salle CENTRE EVENEMENTIEL DE COURBEVOIE COURBEVOIE et rservez vos places au meilleur prix sur Fnac Spectacles. Concert Golf is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. Dec 21, 2022 - Marketing Communications Manager in Omaha, NE Recommend CEO Approval Business Outlook Pros Concert Golf Partners provides an abundance of opportunities to grow and develop your current skills giving you the chance to work your way into new/higher positions. (Photo courtesy: Concert Golf Partners). In 1906, Mr. Ellis Gimbel and several of Philadelphia's captains of commerce and industry came together to form a country club dedicated to golf, baseball, tennis, and the pursuit of happiness through social interaction. In the 1990s, the developer handed the reins to the members, whose rotating board of part-time volunteers struggled to agree on funding necessary capital improvements and a consistent vision for the club. Lake Mary, Florida, United States 1001-5000 Private Equity Private www.concertgolfpartners.com 224,028 Highlights Contacts 24 Investors 2 Similar Companies 4 Recent News & Activity Funding Round Sep 28, 2022 The sixth annual Drivers of Change Invitational tournament at the Ponte Vedra Inn and Club raised more than $100,000 for the First Coast YMCA. GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. Blue Hill Country Club is owned by Concert Golf Partners as a private country club. Club, the storied 90-year old private club in the Boston suburb of Canton, has completed its recapitalization with Concert Golf Partners, the boutique owner . Likewise, a superintendent should perform frequent diagnostic testing on their golf course. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Prominent St. Louis Family Chooses Concert Golf As Successor for Their 36-Hole Private Club, Whitmoor Country Club, Concert Golf Partners and Its Members Donate Thousands in the Wake of Hurricane Ian. Become a "member for a day" with the Concert Golf Trail. Ship Sticks Secrets to a Hassle-Free Buddies Golf Trip, Golf Course Turf, Soil and Water Quality Diagnostic Testing, SkyTrak Tips For A Great In Home Golf Simulator Experience. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Indian Wells operator in talks to acquire Philmont, other golf clubs, company chief says The negotiations come barely a year after Philmont was acquired by Concert and about nine months after New York-based buyout firm Apollo Global Management agreed to acquire ClubCorp of Dallas for $1.1 billion. These cookies will be stored in your browser only with your consent. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Instruction & Academy Rules of Golf and Etiquette Swing Videos and Comments Classifieds & ProShops . es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. In addition to the championship golf course, Glen Oaks CC offers a family-friendly aquatics center with multiple pools, a fitness center, and an elegant dining experience. These new investors will supplement the capital provided by CGPs current funding sources. 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