who owns concert golf partners

Glen Oaks terminated the lease deal and bought the club back from the management company. 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. Most importantly, all are operating profitably and generating significant cash annually for additional future capital projects, while providingexceptional member experiences and building vibrant communities. The net winners were Skip Lunsford and Kevin Buller at 12-under-par 60, edging Mark Scott and Greg Maugen by one shot. It does not store any personal data. The boutique owner-operator now owns 28 private golf and country clubs throughout the U.S. and has committed to provide ongoing support to the HBCU. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. 129 jobs. Clearlake originally invested in Concert Golf in partnership with the founding management team in April 2022.Since Clearlake's investment, Concert Golf has welcomed several new private clubs to . Copyright 2023 WTWH Media, LLC. Subscribe to Golf Inc. Scorecard, a free bi-monthly e-newsletter with the latest news in operations, sales and development. All rights reserved. (1.888.275.4643) New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. CGP takes a long-term investment approach, seeking to deploy capital to upgrade amenities and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. Concert Golf Chairman Peter Nanula informed members of the 16 clubs that would have been sold to ClubCorp that "the fit just wasn't right." Nanula added that his firm would now refocus on "adding more fine clubs to our boutique portfolio." Clubs owned by Newport Beach, Calif.-based Concert Golf Partners have been informed by Concert's Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Communications and Member Relations Coordinator. This website uses cookies to improve your experience while you navigate through the website. When Peter Nanula launched the company, he said he planned to invest more than $50 million into acquisitions of private, mostly member-owner clubs. Records the default button state of the corresponding category & the status of CCPA. View Reciprocal Benefits The owner of private clubs started acquiring courses in 2011 and has 22 in its portfolio. He's a member of the Golf Writers Association of America and a long-time golf course rater. Enjoy Great Food. This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen. Landeavor LLC, a Tampa-based real estate developer, built 12 Oaks, but decided it did not want to own and operate private clubs, nor pass that responsibility on to members. We didnt intend to get rich off the club; we wanted to keep it afloat and help preserve home values in the neighborhood, Mark Oman told Glen Oaks members last month. Tour Talk General Golf Talk Classic Golf And Golfers Courses, Memberships and Travel Groups, Tourneys, and Partners Matching WRX Academy . Bookmark, share and interact with the leading club and resort magazine today. Concert Golf Partners is a boutique owner-operator of upscale private golf and country clubs. Of equal note, all facilities are operating profitably and generating significant cash each year to fund additional capital projects in the future. Type above and press Enter to search. Concert Golf Partners acquired MacGregor Downs Country Club, a historic private country club in Cary, North Carolina for $3.4 million. This cookie is set by GDPR Cookie Consent plugin. In each course they have added to their portfolio, Concert Golf Partners has been able to gradually increase membership rosters, invest in new capital improvements, and improve levels of service and course conditions. A group of high net-worth families led by Fireside Investments will participate alongside Blackstone in this transaction. Senior Vice President, General Counsel & Corporate Secretary, Sales Director, Corporate Catering At Concert Golf Partners, Regional Director, Catering Sales & Events. The members soon learned that their partner with no skin in the game was not aligned with their interests, allowed too many non-members to play their golf course, and did not adequately reinvest in the club. 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. These new investors will supplement the capital provided by CGPs current funding sources. Concert Golf Partners (CGP) announced that it has secured $100 million in new equity for additional investments in private golf and country clubs through funds managed by Blackstone. By clicking Accept, you consent to the use of ALL the cookies. Golf Sims/GPS/RFs/Apps Putters Golf Style and Accessories The Club House . Press Esc to cancel. The clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. The possible sale had surprised many in the industry because of Concerts business model. The company continues to aggressively look for elite, fully private clubs, in major markets, and pays generously to those who facilitate introductions to owners or board members. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. With Clearlake, we have found a partner who understands golf and knows how important our network of clubs is to our members and communities. The club has recently achieved the elusive member waitlist and had a record year financially with well over $10 million of annual revenues. This is a great time for club owners to sell, and we are honored to have been selected as the next long-term stewards of these two great clubs, Nanula said. Here's a list of some of the top trending technologies and APIs used by Concert Golf Partners. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. Concert Golf Partners jobs. Concert Golf is a boutique owner-operator of top private golf and country clubs. Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements, and more, Concert Golf said. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. 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. Club members have seen the consistent success at their clubs with fresh investments and improved services, and we are fortunate to have multiple sources of capital for funding new clubs as well as some exciting improvements at our current clubs, Nanula added. Chris Wegner, PGA General Manager (215) 947-1271 x107 cwegner@philmontcc.org Aaron Hanna, Head Golf Professional (215) 947-1271 x111 [email protected] Mason Stewart, Membership Director Marsh Landing was originally developed by Paul and Jerome Fletcher and had been ownedby Chester Stokes. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. After thoroughly vetting Concert Golf, Oman told members We believe Concert Golf provides a longer-term and more secure future for Glen Oaks than we could provide.. The Plantation Golf and Country Club's recent sale will wipe out millions in debt for members. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. 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. Concert Golf Partners bought the property after it fell into foreclosure. 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. So, Glen Oaks partnered with a large golf management company under a ground lease arrangement, hoping to benefit from their industry expertise. "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. Likewise, a superintendent should perform frequent diagnostic testing on their golf course. Concert Golf Partners, a boutique owner-operator of 25private golf and country clubs, was formed by CEO Peter Nanula, the CEO of Arnold Palmer Golf Management in the 1990s. The company, which owns and operates 29 private golf and country clubs across the United States, launched their Concert Cares initiative to aid with repairs and restoration. That's fine with the hosts, Your California Privacy Rights/Privacy Policy. Concert Golf's co-founders, Peter Nanula and Susan Dunnavant, began their golf industry careers running Arnold Palmer Golf Management. We are thrilled to welcome some terrific new investor partners, said Peter Nanula, CEO of Concert Golf Partners. Moelis served as financial advisor to Clearlake. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. It is blessed with 27 holes of championship golf. ft. clubhouse, new swimming pool complex, golf course renovation, new cart paths, and more. We also use third-party cookies that help us analyze and understand how you use this website. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. As a valued partner you now have access to Concert Golf Partners' exclusive network of high-end private golf and country clubs. Concert has amassed $250 million in long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. But opting out of some of these cookies may affect your browsing experience. The hosts, your California Privacy Rights/Privacy Policy funding sources a group of high net-worth led. Financially with well over $ 72 billion of assets under management, and Partners Matching WRX Academy shot... Bi-Monthly e-newsletter with the hosts, your California Privacy Rights/Privacy Policy it fell into foreclosure Groups, Tourneys and... A unique opportunity and he was willing to consider such a sale private club! Browsing experience frequent diagnostic testing on their Golf course enhancements, and more and resort today! Wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo und! N.Y. 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