Quote:
Originally Posted by Papa_lecki
I am surprised the Villages hasn’t done a private club model for one of its courses. Probably just golf and Food/Beverage.
They would need less than 1% of villagers to be members.
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Palmer is the perfect setup for that, in my opinion. I too am a little surprised it hasn't been done. At $6000-$7000, I think they'd sell out in an hour (350 members is the rule of thumb for 18 holes, so about 525 for 27). At $8000-$10,000, it might take a month to sell out.
I just ran some rough numbers. I think it would be revenue neutral for them, at about $10,000/year and 550 members.
I think F&B income would go up for the Operator, which would allow the Owner/Developer to increase restaurant rent.