The Leisure Investment Properties Group of Marcus & Millichap publishes an annual Golf Investor Sentiment Survey for golf asset owners, managers, prospective buyers, appraisers, lenders and other consultants in order to continue providing their clients with the most unique, prescient and predictive market research in the golf industry.
LIPG found that despite concerns regarding the golf industry as a whole, investors remain confident in their ability to gain market share and improve operations in 2015.
Unlike most golf market research, their survey focuses on owners’ investment strategies and future expectations, rather than the past operational performance of their golf course or courses.
The following report contains analyses of several of the most intriguing themes deduced from the survey results and accompanying survey data. Several of these and other survey topics will be explored in greater depth in LIPG’s upcoming Golf & Resort Investment Report – 1st Half 2015.
Significant Findings for the “Golf Investor Sentiment Survey 2015” were
- The most popular region for golf ownership of those surveyed was the Southeastern United States
- Only 5% of investors believe that public rounds played or average rates at their golf course(s) will decrease
- 90% think that private membership counts and average dues rates will increase or stay the same in 2015
- The most important valuation metric for golf assets for those surveyed is EBITDA Multiple / CAP Rate
- 72% of all participants are confident that the U.S. Economy will improve in 2015
Here is the survey: LIPG Golf Investor Sentiment Survey 2015
How does this have anything to do with The Club at ArrowCreek? Is The Club at ArrowCreek a good investment? The Friends of ArrowCreek might be interested in checking this free service out:
In addition to industry-wide market research, such as this report, the LIPG also offers clients individualized advisory services. Feel free to contact our team for a Strategic Analysis of your golf asset(s) at no cost. This analysis takes into account your property’s financial performance, competitive market positioning, demographics and other factors to determine the owner’s best course of action moving forward.
Each Strategic Analysis ends with a personalized recommendation which may include bringing in professional management, adding capital improvements to grow revenue, refinancing or selling the golf asset. This recommendation is created with each individual client’s short and long-term investment goals in mind.
Combined with an accurate and current market valuation, this advisory report provides owners with the data necessary to make informed business decisions moving forward.
This Survey Methodology and Participation
Breakdown of Responses by Participant Type: Owners & Managers = 39.7% | Prospective Buyers = 16.6% | Other = 43.7%
Golf Investment Index (GII) is a weighted score based on participant responses to the survey questions, although not all questions were used in the Index calculation.
The survey was administered online over a period of 2-3 months. Invited participants included verified golf course owners, managers, prospective investors, consultants, etc. The “Other” participant category referenced in this report includes appraisers, lenders, attorneys and other consultants. The survey was administered to a statistically significant sample size according to established market research benchmarks.
Leisure Investment Properties Group | Marcus & Millichap Real Estate Investment Services 4030 West Boy Scout Blvd., Suite 850 | Tampa, FL 33607