Practice Areas - Logistics and Economics

Famous Golden Age golf course architect A.W. Tillinghast once wrote "Ground for Practice is one of the essentials of the modern golf course." In many instances, especially at older courses, the practice area is either an afterthought or simply doesn't exist.  Having been a member for many years at a club (which failed) without an adequate practice area and now having access to a great range, I can personally attest to the value added by extensive practice facilities.  While Tillinghast focuses on the design elements of  a great range in A Practical Practice Ground,  part of a collection of his writings known as The Course Beautiful we at Golf Property Analysts have advocated the logistical and economic benefits of practice facilities for years.  

Some of the benefits to golfers are obvious.  Practice areas provide a place to warm up before a round, take lessons, work on one's game and often the simple solitude often desired by golfers.  Not so obvious are the the logistics required of an efficient and useful practice ground.  

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GPA FACILITATES SALE OF HERITAGE CREEK (PA)

Golf Property Analysts is pleased to announce the sale of Heritage Creek Golf Course in Bucks County, PA.  GPA served as agent for the seller in the transaction to buyer Worcester Golf, LLC.

JUST LISTED - STONE HARBOR GOLF CLUB (NJ)

GPA is pleased to announce that we have been appointed the exclusive agent for the marketing of Stone Harbor Golf Club in Cape May Courthouse, NJ.  Stone Harbor GC is a Desmond Muirhead designed, 18-hole private club located just 6 miles from the beach community of Stone Harbor and 35 minutes down  the Garden State Parkway from Atlantic City.  The offering price is $4.9 million and more information is available by emailing Larry Hirsh at GPA, Broker of Record or calling 610-397-1818.

GPA RETAINED BY BUYER FOR NYC AREA CLUBS

GPA has recently been retained to assist in the acquisition of golf course property within the metropolitan New York City Area, within a 45 mile radius of Lower Manhattan.  Any club, owner or individual with knowledge of a club in that region that may be available for sale can contact Larry Hirsh at 610-397-1818. All such inquiries will be maintained with confidence.

ACQUISITION OPPORTUNITIES

• Stone Harbor Golf Club, Cape May Courthouse, NJ - $4,900,000
• River Downs Golf Club in Finksburg, MD - $1,750,000

RECENT ACTIVITIES

GPA has recently been retained for the following assignments:

• NJ - Private Club appraisal for ad-valorem tax assessment appeal
• CT - Daily Fee Course, Litigation Support for appraisal related to bankruptcy
• CT - Municipal Course, Feasibility Analysis for proposed practice facility expansion
• PA - Ski Resort, market value appraisal for refinancing
• SC - Private Club, review of ad-valorem tax assessment
• PA - Private Club, Litigation Support and appraisal review in acquisition dispute

NRPA WEBINAR-MUNICIPAL GOLF COURSES
GPA has also been retained this year to assist several municipalities in improving their golf course operations and strategies.  On December 11, 2014 (Thursday) at 2:00 PM EST, Larry Hirsh will present a webinar for the National Recreation and Parks Association on "Evaluating Your Community's Golf Course".  Hirsh has had articles published in three 2014 issues of Parks and Recreation Magazine, which can be accessed on the following links: (1), (2), (3). We can help improve the financial performance of your community's golf course in a variety of ways.  To learn more, click on the graphic or contact us to discuss your specific property and circumstances.