Streamsong sold for $160 mil.

[mci711]

https://firepitcollective.com/streamsong-sells-for-160-million/ 

 

Kemper bought Streamsong from Mosaic for $160 mil, with aim to expand. Crazy thing is they have 16000 acres and have only used 2,500. They can add so much to the property over time. 

Edited January 13, 2023 by mci711

[ND2005]

Hopefully means better management/operations 

[david.c.w]

If they expand i hope they build a toned down hotel/lodge or whatever.  No need for it to be that nice.  Feels like current hotel was built for couples.   I bet 95%+ of golfers there are dudes.  Certainly need accommodations for couples, but most guys need a bed, a bathroom, and a central bar. 

 

[mci711]

2 minutes ago, david.c.w said:

If they expand i hope they build a toned down hotel/lodge or whatever.  No need for it to be that nice.  Feels like current hotel was built for couples.   I bet 95%+ of golfers there are dudes.  Certainly need accommodations for couples, but most guys need a bed, a bathroom, and a central bar. 

 

 

I always thought the hotel was kind of weird. I like it that kind of hotel, but 100% agree with what you are saying. They could also use a more casual restaurant.  

Edited January 13, 2023 by mci711

[ND2005]

16 minutes ago, mci711 said:

 

I always thought the hotel was kind of weird. I like it that kind of hotel, but 100% agree with what you are saying. They could also use a more casual restaurant.  

They just added a casual bar. The old steakhouse at the red/blue clubhouse is now a pub/bar food. There’s a new supposedly nicer steakhouse off to the side of that. 
 

My biggest gripes have always been service related so unless they fix that nothing will really be improved 

[mci711]

58 minutes ago, ND2005 said:

They just added a casual bar. The old steakhouse at the red/blue clubhouse is now a pub/bar food. There’s a new supposedly nicer steakhouse off to the side of that. 
 

My biggest gripes have always been service related so unless they fix that nothing will really be improved 

 

Well, Kemper managed them prior to buying them, so not sure how much will change unfortunately! Good to hear about the food options, it has been a few years since I have been. 

[Dancin]

A key point is that the remaining land is not the nice sand base the existing courses are built on. Supposedly mostly clay. Anything new they build won't be the same type of golf unless they spend a ton of money bringing sand in from elsewhere

[Warrior42111]

With that much land I can see them making it more like a golf town (not sure that's the proper phrasing), but have a few hotel options from high end exclusive to barebones. Same with the restaurants. Maybe some more spa like amenities and shopping for the wives etc. 

 

Golf wise I'd love to see the par 3 course expanded from 7 to 18 holes maybe. With the clay base as mentioned maybe a completely different style course can be added.

[ND2005]

4 minutes ago, Warrior42111 said:

With that much land I can see them making it more like a golf town (not sure that's the proper phrasing), but have a few hotel options from high end exclusive to barebones. Same with the restaurants. Maybe some more spa like amenities and shopping for the wives etc. 

 

Golf wise I'd love to see the par 3 course expanded from 7 to 18 holes maybe. With the clay base as mentioned maybe a completely different style course can be added.

 

I doubt that location in central Florida would ever have the draw for such a destination. 

 

The plans do include a new "real" Par 3 course, I think they realize the current Par 3 course is very lacking compared to competing resorts. Sounds like planning to build new golf villas in that location (what would be genius is if they could preserve a couple of the Par 3 greens around the villas and put lighting out there, guests staying in the villas could use them as night-time entertainment). 

[Z1ggy16]

Streamsong Green Orange and Yellow coming??? 😅

 

Tbh while it was a really nice courses, it felt a bit over priced when I went. I hear it's $300+ now for winter rounds. 

[charli]

Wonder how fair they’ll take this. They trying to become a pinehurst type of place? Bring in all top architects of today and have them design 18. Can’t say I hate the idea. 

Edited January 14, 2023 by charli

[klebs01]

On 1/13/2023 at 10:09 AM, ND2005 said:

 

I doubt that location in central Florida would ever have the draw for such a destination. 

 

The plans do include a new "real" Par 3 course, I think they realize the current Par 3 course is very lacking compared to competing resorts. Sounds like planning to build new golf villas in that location (what would be genius is if they could preserve a couple of the Par 3 greens around the villas and put lighting out there, guests staying in the villas could use them as night-time entertainment). 

part of the draw is that it’s not $70 like the sandbox or preserve (yes, I know they are free as a third round). I think of it more like shorties. Grab a beer or two and a club or two and play a bit of cross country. Winner calls the next hole. To me that’s a blast and going to be missed if they get rid of it. I’m fine with the full par 3 but I think they both have their place. 

[vallygolf]

It seems like they struggle to staff the accommodations they have.  Where is this extra work force coming from?  It has always seemed to me to be overbuilt as is, with pretty poor organization and service.  Not due to bad leadership, but just not enough quality/quantity of employees.

[smashdn]

Is it just me or does 160 mil seem pretty reasonable for that much land, those courses and the other improvements?

[TM_HOYER]

Bottom line is that it is going to get more expensive to stay and play there.

[golfortennis]

On 1/13/2023 at 11:27 AM, Z1ggy16 said:

Streamsong Green Orange and Yellow coming??? 😅

 

Conversation in 2050:

 

"Dad, I know this place looks nice, but why did they name this course Brown?" 

Edited January 16, 2023 by golfortennis

[oneunderbogey]

4 hours ago, vallygolf said:

It seems like they struggle to staff the accommodations they have.  Where is this extra work force coming from?  It has always seemed to me to be overbuilt as is, with pretty poor organization and service.  Not due to bad leadership, but just not enough quality/quantity of employees.

Bandon has housing onsite for employees due to this... maybe something streamsong will explore 

[TM_HOYER]

1 minute ago, oneunderbogey said:

Bandon has housing onsite for employees due to this... maybe something streamsong will explore 

Considering the location and available land, they could go the route that the World Equestrian Center in Ocala is doing. They have an expensive high end hotel plus RV parking area (that has a general store and gas station) and are building both a less pricey extended stay hotel and employee lodging. 

[jfrank]

I used to work at a phosphate mine in north Florida where we controlled over 110k acres.  Similar situation with the sand tailings versus clay/mud storage cells.  Most of the mined out pits are excellent for bass fishing (or shaping the tailings into a golf course).  That would be some cheap property for a future Streamsong North, but similar difficulty with staffing an operation that size in a remote location.

 

There are dozens of jobs listed on the Kemper website for Streamsong.  Maybe they will better recruit with proving housing, but that's a mining town, and the jobs with Mosaic will pay a lot better than the jobs with Kemper.