Heard Grayhawk is for sale - may go private ... anyone have info?

[Shilgy]

On 3/11/2023 at 7:22 PM, puttnforthe8 said:

There's no "chip fab plants in the area" - they are/will be 30-40 miles away at least.

What about the Sumco plant at 101 and Tatum?

[puttnforthe8]

4 hours ago, Shilgy said:

What about the Sumco plant at 101 and Tatum?

200mm CMOS RAM doesn't really count!  🤪

Edited March 18, 2023 by puttnforthe8

[puttnforthe8]

On 3/10/2023 at 6:52 PM, Qwiklap said:

true - and sad

 

Although new courses in the PHX valley will be next to impossible due to water.  Supply is capped.

 

Interesting story on misconceptions of water usage:

 

In 2021, Arizona’s golf industry produced an estimated $6 billion in economic activity while only using 2% of daily statewide water to serve 16.6 million golf rounds. This economic output supported nearly 66,200 jobs, provided $2.3 billion in wages and generated $518 million in state and local tax revenues.

 

 

 

 

[NickGerst]

Arcis golf is the high bidder not going private but plans to build a resort on property

[Bonneville85308]

^^^Oh God no...

Edited April 8, 2023 by Bonneville85308

[hackeraz]

Can't see a resort getting zoned in that area. Let's hope not at least. 

[cbbaron]

9 hours ago, hackeraz said:

Can't see a resort getting zoned in that area. Let's hope not at least. 

When they redid 15,16 and 17 on Raptor it was to put a hotel there it will get done

[hackeraz]

16 hours ago, cbbaron said:

When they redid 15,16 and 17 on Raptor it was to put a hotel there it will get done

Not saying it won't but I can't imagine that's going to be an easy path to approval. Then again I never thought you'd see a Four Seasons in Troon North either. 

[cbbaron]

6 hours ago, hackeraz said:

Not saying it won't but I can't imagine that's going to be an easy path to approval. Then again I never thought you'd see a Four Seasons in Troon North either. 

I think zoning is already approved Grayhawk was going to do it at least that's what Andrew Getson told me and then they scrapped it

[Krt22]

Nice to see all the semiconductor talk in here. 
 

Oddly enough I am in the industry and just relocated to Scottsdale. 
 

I’ll be too busy for golf for awhile, but I’ll start looking for a club next year most likely. Will be interesting if Greyhawk does go private. 

[Krt22]

Double

Edited April 22, 2023 by Krt22

[Krt22]

On 4/8/2023 at 2:11 PM, NickGerst said:

Arcis golf is the high bidder not going private but plans to build a resort on property

 

On 4/8/2023 at 2:23 PM, Bonneville85308 said:

^^^Oh God no...

Tell me about it! I absolutely hate arcis!

[MUNIGRIT]

Grayhawk would love to go private. They act like they are already. You can't even go putt on their greens. 

[CW101]

Too many homes along the courses would be financially impacted if the new buyer wanted to close one course in favor of housing development.  They would need a big development budget for the public fight that would most certainly ensue.  Won’t happen.  

[vallygolf]

Im all for fewer available tee times at a really great course, not to mention with dynamic pricing we are looking at Shadow Creek fees.  As another upside it will give the valley another resort to put on the top golf resort lists.  Those are very popular nowadays, and we can snicker at all our friends who live in areas where they have no mega golf resorts, and thumb our noses at the $49 greens fees they are paying.

Edited May 9, 2023 by vallygolf

[fore_life]

[J Haines]

Anymore details about Arcis' bid and mental model? - seeing above they might keep it public and build a resort, but I'd have to think they don't include in their existing memberships (Players, Prime, etc). One things for sure, if Arcis does acquire it, I hope they have a stellar superintendent to manage all the play.

Edited June 1, 2023 by J Haines

[fore_life]

Is Arcis flush enough to actually buy a place like GH? It’s got to be peak value right now too with the golf climate and it being in scottsdale/NCAA’s recognition 

[cbbaron]

37 minutes ago, fore_life said:

Is Arcis flush enough to actually buy a place like GH? It’s got to be peak value right now too with the golf climate and it being in scottsdale/NCAA’s recognition 

You can mortgage alot of s*** to finance it I heard it was 100 million which sounds somewhat low and Grayhawk is a cash cow

[fore_life]

I just can’t imagine them managing the absolute dump of kokopelli and a gem like GH simultaneously 

[Bonneville85308]

It's official.

 

https://clubandresortbusiness.com/arcis-golf-acquires-pacific-lifes-golf-portfolio/

[rustyneversleeps]

Playing Talon next week - hopefully its not the first and the last time...

Edited June 13, 2023 by rustyneversleeps

[cbbaron]

Ernie Pock has said he is staying on as head Super 

[Pepperturbo]

4 hours ago, Bonneville85308 said:

It's official.

 

https://clubandresortbusiness.com/arcis-golf-acquires-pacific-lifes-golf-portfolio/

Thanks.  I heard recently of the portfolio acquisition after playing daily-fee Tijeras Creek GC, really fun and well-kept track.

[Pepperturbo]

On 6/1/2023 at 6:25 PM, fore_life said:

Is Arcis flush enough to actually buy a place like GH? It’s got to be peak value right now too with the golf climate and it being in scottsdale/NCAA’s recognition 

With Arcis portfolio of mostly high-end properties, buying three successful Pacific properties is easy.  It's not so much about the price of a course as it is, Arcis resources and portfolio net value before acquisition.  Even leveraged high-end appreciating properties can be substantial collateral.

[cbbaron]

The article says Isabella is a dining destination that place wouldn't last a week in the Northeast but the bar is cool saw Pat Perez fall off a bar stool

[TexasTurf]

7 hours ago, Pepperturbo said:

With Arcis portfolio of mostly high-end properties, buying three successful Pacific properties is easy.  It's not so much about the price of a course as it is, Arcis resources and portfolio net value before acquisition.  Even leveraged high-end appreciating properties can be substantial collateral.

Not in Dallas. Low end courses with issues with no hope in sight for improvement.

[Pepperturbo]

On 3/12/2023 at 8:15 AM, DrSchteeve said:

$200k isn’t remotely in the ballpark to afford a $150k initiation. 

For different reasons, people interested in pvt club member at that level often have MM in investments, which generates added cashflow income to that 200k, so it would service high-end club costs, nicely.  I was on the BOD and on Finance and Membership committees at my last two clubs.

[Pepperturbo]

14 hours ago, TexasTurf said:

Not in Dallas. Low end courses with issues with no hope in sight for improvement.

They have 7 in the vicinity of Dallas.  Which courses you talking about?

[AzSuperHack76]

It’s amazing that Arcis now owns Grayhawk and complete and total trash pit like Kokopelli as well, woof….

Edited June 15, 2023 by AzSuperHack76