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Where’s the Money? What Are Courses Trading For?

Where’s the Money? What Are Courses Trading For?. Facilitator: Jim Hinckley, CEO, Century Golf Partners Panelists: Doug Main, Director, Golf & Leisure Advisory Group, Deloitte Marcia Mayes, Advisor, Hilda W. Allen Real Estate Ray Munoz, CEO, Leisure Financial Group

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Where’s the Money? What Are Courses Trading For?

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  1. Where’s the Money? What Are Courses Trading For? Facilitator: Jim Hinckley, CEO, Century Golf Partners Panelists: Doug Main, Director, Golf & Leisure Advisory Group, Deloitte Marcia Mayes, Advisor, Hilda W. Allen Real Estate Ray Munoz, CEO, Leisure Financial Group Peter Nanula, Chairman, Concert Golf Partners Presented by:

  2. WHERE ARE WE IN THE CYCLE? • Golf appears to be following the Hotel industry trend with separation of management and ownership companies • Better courses are starting to trade- no longer just distressed assets • As commercial and hospitality real estate gets expensive- investors start to look again at golf • Golf financing is starting to inch forward • Golf course purchase pricing metrics are still inconsistent and a large gap exists between buyer and sellers expectations

  3. SGA Investor & Lender Survey 2013 Edition Salient Indicators 2013

  4. Avg. 10.8% “If you watch a game, it’s fun. If you play at it, it’s recreation. If you work at it, it’s golf.” ~ Bob Hope

  5. Salient Indicators 2013

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