Golf Course & Club Renovations – The Principle of Contribution & Substitution January 13, 2025 According to The Appraisal of Real Estate, the principle of contribution states that: “The value of a particular component is […] by Larry Hirsh
How to Avoid Golf Club Closure – Turn Around December 17, 2024 The other day, a friend sent me an article entitled “Best US Golf Courses to close in 2024”. While generally […] by Larry Hirsh
Club Finances – Case in Point December 5, 2024 Less than two months ago, I wrote in this space about club finances and how much information membership has access […] by Larry Hirsh
Market Positioning and Strategy December 4, 2024 Recently, I encountered a most interesting and timely article from Andrew Wood of Legendary Marketing on marketing strategy for the […] by Larry Hirsh
Thanksgiving 2024 – 24 Things I’m Thankful For November 27, 2024 Every year, I try to list at least one more thing I’m thankful for each Thanksgiving. With all that’s going […] by Larry Hirsh
The Economics of Golf Cars – Chet Walsh of Golf Car Specialties November 26, 2024 Chet Walsh is “the man” when it comes to golf carts. As the longtime (32 years) Regional Manager for Golf […] by Larry Hirsh
S W O T Analysis for Golf Courses and Clubs – Common Considerations November 21, 2024 Whether investor or member owned, there’s a never-ending quest for clubs to improve. The goal could be as simple as […] by Larry Hirsh
Religion, Politics and Green Speed October 28, 2024 Most of us are well aware that discussions of religion and politics (especially now) can evolve into sometimes heated debates […] by Larry Hirsh
Educating Golf’s Detractors – It Ain’t Easy October 15, 2024 To those of us that play golf, and even more so to those of us in the golf industry, I […] by Larry Hirsh
Golf, Inc. 2024 – What’s the Pulse? October 4, 2024 Last week, like others in the golf industry I participated in the Golf, Inc. Strategies Summit at Hilton Head Island, […] by Larry Hirsh
Turfgrass, Diseases & Prevention with Steve McDonald September 30, 2024 A self-proclaimed, sometimes “mortician”, Steve McDonald and his firm Turfgrass Disease Solutions, are agronomy professionals offering a variety of consulting […] by Larry Hirsh
A Wave, A Handshake, or A Hug – Defining Characteristics of Golf Culture? September 20, 2024 Having become somewhat occupied (if not obsessed) with the culture of golf and having visited more than my share of […] by Larry Hirsh
Your Club’s Finances – How Much do You Know? Let’s say you’re a member of a private, equity club. You loyally remit your dues and any assessments levied and […] by Larry Hirsh
Golf Property Economics – How are Gross Revenue, EBITDA and NOI calculated? September 4, 2024 Last week, I had conversations with two veteran golf industry friends who’ve bought numerous clubs over the years about how […] by Larry Hirsh
Cathy Harbin – A Golf Industry Leader’s Perspective August 28, 2024 As the current president of The National Golf Course Owners Association (NGCOA) and former board member of the Professional Golfers […] by Larry Hirsh
Golf’s COVID Surge – How Can We Make it Sustainable? August 15, 2024 Earlier this week, I was on an appraisal site visit at a new private club project under construction in the […] by Larry Hirsh
The Scottish Highlands – Golf’s Promised Land August 9, 2024 Last week, along with my son, Jack and good friends Ben Blake and Dick Deutsch, we returned from Scotland after […] by Larry Hirsh
Factors of Value for Golf Properties According to The Appraisal of Real Estate (TARE), there are typically four interdependent economic factors that create value. These include: […] by Larry Hirsh
Who Should run Clubs and What are their Roles? July 18, 2024 Every 4 years, Americans go to the polls to decide who will lead and govern for the next term. As […] by Larry Hirsh
Market Positioning in a Competitive Market July 17, 2024 During the past 4 years, since COVID provided golf with a much needed shot in the arm, many clubs have […] by Larry Hirsh
Is American Golf Prepared for This? July 1, 2024 Over the weekend, Golf.com’s Josh Sens penned a piece (“No water, no problem”) on the site of this year’s US […] by Larry Hirsh
Selecting a Golf Course Architect – Jeff Brauer of ASGCA June 25, 2024 What is involved in selecting a golf course architect? Over the years I’ve observed that this can be a subjective […] by Larry Hirsh
Wannabe a Golf Course Architect? Here’s Your Chance. June 23, 2024 What self-respecting golfer has never, at least imagined being a golf course architect? How many course owners, club green chairmen, […] by Larry Hirsh
The Most Common Complaints at Private Clubs June 19, 2024 Recently, Andrew Wood of Legendary Marketing published an article in Golf Operator Magazine entitled “The 12 Most Common Complaints at […] by Larry Hirsh
Private Clubs – Investor vs. Member Owned June 14, 2024 Historically, almost all private golf and country clubs were member-owned and run by member boards in years past. Often started […] by Larry Hirsh
Power Trolleys Versus Golf Carts – The Economics May 20, 2024 In a lifetime of playing golf, I’ve consistently been an advocate of walking the course. In addition to the health […] by Larry Hirsh
The Cost of Golf – How Much is Too Much? May 13, 2024 A little more than a year ago, I posed the question “as to whether the cost of golf was sustainable […] by Larry Hirsh
Club Facilities & Planning – Frank Vain April 29, 2024 Recently, I had the opportunity to play golf with Frank Vain, Chairman of McMahon Group. McMahon is a private club […] by Larry Hirsh
The Private Club Culture – Passive Aggression April 16, 2024 Recently, while visiting my daughter, she mentioned a situation in which she was dealing with “passive-aggressive” behavior. It dawned on […] by Larry Hirsh
What Defines a Club’s Culture? April 9, 2024 Every private club has a culture. Sometimes the character of the club is a result of evolution and at other […] by Larry Hirsh
Selling Golf Properties – Treat the Patient not just the Disease April 5, 2024 In the 35 years we’ve been appraising, consulting and marketing golf course properties for sale the one constant is that […] by Larry Hirsh
A 4-Day Work Week? How would that impact Golf? April 4, 2024 As our society evolves, one concept that has been talked about for years is the 4-day work week. Today, I […] by Larry Hirsh
Golf Property Tax Assessments Appeals – What We’ve Learned Lately March 28, 2024 The beauty of a busy practice over a long period of time is that you’re always learning. Recently, we’ve been […] by Larry Hirsh
The Cost of Golf – There might be a Better Way March 22, 2024 We live in a cost conscious society. It’s not unusual for the value of a certain good or service to […] by Larry Hirsh
CMAA World Conference 2024 – Club Management March 10, 2024 Last week, I had the opportunity to attend the CMAA World Conference on Club Management in Las Vegas. First things […] by Larry Hirsh
GM’s & Pros, See and Be Seen – or Not so Much? February 28, 2024 A couple days ago, I read a great article by Brett Morris, General Manager (GM) at Admirals Cove in Florida […] by Larry Hirsh
Golf Course/Club Safety – It Matters! February 15, 2024 Cathy Devlin is a high powered attorney. Litigation Department Chair at Saul Ewing LLP, she’s also a proficient single-digit handicap […] by Larry Hirsh
Golf’s Culture & The WM Phoenix Open – Where should the line be drawn? February 14, 2024 Last weekend, especially Saturday, the crowd at the WM Phoenix Open (WMPO) got out of hand. Since many of you […] by Larry Hirsh
Reserves and Deferred Maintenance – What’s the Right #? February 6, 2024 Always hoping to learn and find a way to get better at what I do often leads to some interesting […] by Larry Hirsh and Herb Rubenstein, JD, PGA, MPA
Two Busy Weeks – Golf Industry Show Season February 2, 2024 Heading east at 35,000 feet from this week’s GCSAA conference and show provides a little time to reflect on my […] by Larry Hirsh
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