Respected operators International Golf Resort Management (IGRM) and Tourism International Consulting Group (TIC Group) have formed a joint venture company specialising in the management and design of golf courses in Spain and Portugal.
TIC Group – advisors and consultants in the tourism, hospitality, leisure and residential sectors, brings to the partnership with IGRM specialist knowledge of Spain and Portugal as well as other European countries, Africa, Central and South America. The new company´s primary objective is to identify commercial opportunities within the golf sector and hotel industry which can be operated under management agreements while also considering other opportunities to lease or purchase properties.
TIC Group introduced to IGRM by golf and tourism expert Guy Roberts based in Malaga will not only provide the search, selection and negotiation of assets, but will also assist IGRM in the possible interim management of the assets. The service is designed for owners and financial institutions whose main objective it is to sell a golf course, resort or hotel.
Michael Longshaw, CEO of IGRM said, “The downturn in the golf industry followed by the world economic crisis has hit Spain and Portugal especially hard and the coastal economies which are so reliant on golf and residential tourism have suffered tremendously. Both countries have many good hotels and golf courses and given the climate, access to all parts of Europe and an excellent infrastructure there is a major opportunity to acquire viable businesses and maximise their potential through professional management and operations.”
Discussions in coastal areas are already in progress while potential opportunities in inland Spain and Portugal are also underway.
José Gutierrez of TIC Group said, “After several months of negotiation and collaboration I am delighted that we have formalized our relationship with IGRM to take advantage of market conditions that have so adversely affected the golf and tourist industries in our region We believe we can provide a much needed service and play a part in the regeneration of golf and tourism in our region.”