The Pellucid Perspective - January 2021 - 18
COMINGS
& GOINGS
Event
On-the-bubble
Course
Type/Holes
Summary
Chestnut Ridge Pittsburgh PA
GC
Pub/36
Present wwners since '08 think better marketing
and smart improvements will lead to much higher
revenue (but they don't want to do it themselves).
Bought by RRH Developments (Houston) for
$2.4M , sold previously in '12 for $7.5M (ouch!)
Willowick GC
Los Angeles CA
Pub/18
Garden Grove City Council debating whether to
sell for commercial dev. ($2-100M pot. Price), now
a political football between open space, affordable
housing and highest and best use contingents;
this will take a while...
Lulu CC
Philadelphia PA
Priv/18
In receivership, Montgomery Cnty Sheriff's Office Auction produced no ($14M starting price)
successful bidders, LT-Lulu previously purchased
mortgage, note and judgment, auction was process to clear title; long-game being played here,
club still operates through all the drama
Hancock GC
Austin TX
Pub/9
City Council was considering conversion into
lower-costing Parks operation, COVID surge has
brought new options, exploring 3rd party Ops cost
split arrangement to keep running; would they find
any takers?
18 THE PELLUCID PERSPECTIVE
DMA
JANUARY 2021
The Pellucid Perspective - January 2021
Table of Contents for the Digital Edition of The Pellucid Perspective - January 2021
TOC
2020 - The Year I Was Wrong (but 2021 may yet prove me right)
State of the Industry Preview = Good News Sustainability Takes on New Meaning
December GPH “gives back” 6%, Year finishes +2%
Nov Utilization up double-digits (again), Year-to-Date pushes 60% mark!
Cincinnati occupies #20 in new ranking, nicely balanced scorecard overall
Transactions continue to lead; OH well-represented this month
The Pellucid Perspective - January 2021 - TOC
The Pellucid Perspective - January 2021 - 2020 - The Year I Was Wrong (but 2021 may yet prove me right)
The Pellucid Perspective - January 2021 - 3
The Pellucid Perspective - January 2021 - 4
The Pellucid Perspective - January 2021 - 5
The Pellucid Perspective - January 2021 - 6
The Pellucid Perspective - January 2021 - State of the Industry Preview = Good News Sustainability Takes on New Meaning
The Pellucid Perspective - January 2021 - 8
The Pellucid Perspective - January 2021 - 9
The Pellucid Perspective - January 2021 - December GPH “gives back” 6%, Year finishes +2%
The Pellucid Perspective - January 2021 - 11
The Pellucid Perspective - January 2021 - Nov Utilization up double-digits (again), Year-to-Date pushes 60% mark!
The Pellucid Perspective - January 2021 - 13
The Pellucid Perspective - January 2021 - Cincinnati occupies #20 in new ranking, nicely balanced scorecard overall
The Pellucid Perspective - January 2021 - 15
The Pellucid Perspective - January 2021 - Transactions continue to lead; OH well-represented this month
The Pellucid Perspective - January 2021 - 17
The Pellucid Perspective - January 2021 - 18
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