Wednesday, January 26, 2011

Arnold Palmer Golf Management affilate takes control of Boca Teeca Golf Course



The new management of the Ocean Breeze Country Club has been very busy since being appointed as receiver of property which remains in foreclosure by Wells Fargo bank. The receiver is an affiliate of the Arnold Palmer golf management organization which owns or manages over 40 golf courses throughout the U.S., including the famous PGA Resort in Palm Beach Gardens and the Weston Hills Country Club.

The receiver's affiliate corp web site indicate the company owns private clubs and golf courses that it acquired in partnership with Walton Street Capital and other investment partners. It also manages additional clubs and golf courses for third party owners. Century Golf Partners, d/b/a Arnold Palmer Golf Management, is focused on driving revenue, increasing market share and profitability by building member and guest retention, loyalty and referrals. Century’s portfolio of owned and managed golf courses is expected to generate more than $250 million in total revenues during 2010.

Century Golf Partners employs several thousand highly dedicated people who are committed to superior management of all facets of club and golf facility operations including: member acquisition and retention, revenue generation, yield management, expense control, agronomy, food and beverage and tournament sales, clubhouse operations, capital improvements, accounting and technology systems. The team has pioneered industry leading revenue-generation and yield management programs and is an acknowledged industry expert in private club membership programs and golf revenue concepts. At a time when many are focused solely on cost containment, Century Golf Partners is successfully driving revenue growth through aggressive capacity utilization.

The current owner remains in foreclosure and it appears that a judgement against the business operation for over $76,000 in December for sales tax which was expected to be a contributing factor in the need to appoint a receiver. It is our understanding that the operating manager on property under the MCZ Centrum LLC ownership, Dennis Taback, has been relieved of his position and a new general manager should be in place by Feb 1st.

We look forward to learning of the improvements planned for the property under this acclaimed Arnold Palmer Golf Management company.

11 comments:

  1. WOW! Boca Teeca is going to have Arnold Palmer's company manage the golf course---this is GREAT news.

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  2. Great News--Boca needs a good public golf course that is not going to charge $100/round

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  3. Let's hope they can live-up to the Arnold Palmer name. This sounds like great news for Boca Teeca.

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  4. Good Bye Taback & MCZ Centrum! The developers never came through with any of the promises to the residents of Boca Teeca. Typical developer BS that worked on city leaders to get approvals that provided exceptions to long-established zoning and density limits. In the end you leave owing over $500k in taxes--shouldn't that get someone thrown in jail?

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  5. Is Arnold Palmer coming to Ocean Breeze for a golf clinic? Will Arnie be in Boca Raton since his company owns this course?

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  6. Is Arnie moving to Boca?
    Sounds great for Boca golfers as long as it stays a public course.

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  7. GREAT! How long before the results of the new mgmt are seen on the golf courswe?

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  8. As amember of an Arnold Palmer managed club in another area I am happy to see this news. They are great at running clubs and making them really enjoyable and profitable. Looking forward to playing here.

    Golfnut 14

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  9. Great to be able to play a championship public course in the city of Boca Raton--thank you for opposing the development!

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  10. What a great deal this new management is giving to local golfers:
    $32/FL Residents age 60+
    $39/FL Redidents<age 60
    $45/Non-FL Residents
    This includes unlimited play on 27 holes of championship golf, plus breakfast buffet, plus lunch buffet, plus a draft beer.
    The BEST GOLF DEAL in South FL!

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  11. I played the course a month ago and it was in horrible shape. I trust Arnie will fix it.

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