Golf Industry News - golf real estate

The average age of buyers of properties on golf resorts has come down significantly over the last five years according to new research carried out by European Tour Destinations.

TearDrop Golf, the struggling owners of Ram and Tommy Armour, have agreed a new credit facility worth up to $30 million (£18.75 million) from Textron. The cash injection, to consist of $8 million (£5 million) term loans, is subject to a due-diligence process which will Textron’s senior credit committee will complete by the end of […]