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Golf Services Resources
Recent Projects
- The Yellowstone Club: HVS Golf Services served as an expert witness in the bankruptcy proceedings for the world's only private ski resort and development. HVS was hired by the debtor in possession to provide a market valuation of the club and the remaining unsold land inventory as well as the allocated value of the club house. More...
- Faegre and Benson: HVS Golf Services was hired as an expert witness in the condemnation proceedings of the Canyons Development in Parker, Colorado. More...
- Costa Caribe Ponce Hilton Resort: HVS Golf Services was hired by ownership group to perform a strategic plan to reposition and restructure the golf resort development. More...
- Emerald Dunes: HVS Golf Services was hired to perform an appraisal of the Emerald Dunes golf course in West Palm Beach, Florida. More...
Golf Services - Success Stories
Mill Creek - 18 Hole Private Club, Appraisal
- Study Type: 18 Hole Private Club, Appraisal
- Location: Mill Creek, Washington
- Client: United Development Corporation
Mill Creek Country Club is a private golf and country club located in a large master planned community in suburban Seattle. The 1,600 acre development and golf course are owned by United Development Corporation, a Japanese development company. The project was nearing sell out of the more than 7,000 lots, and United Development Corporation was exploring exit strategies for the country club property.
The country club has an extensive social membership with over 300 members, a separate tennis center with about 150 members as well as over 400 golf members. In addition, the membership had an affiliation with a separate swimming pool and fitness area.
The appraisal was requested to provide a definitive measure of the facilities market value, and to substantiate this value to facilitate the sale of the golf club. The appraisal explored the sale to the existing membership as well as the sale to a third party operator. The property is currently under contract, with a purchase prices in excess of the appraised value to a third party.
