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Pebble creek country club sold

2,264 Views | 15 Replies | Last: 8 days ago by KaneIsAble
aggies4life
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AG
Per rusty

BIG NEWS: Pebble Creek Country Club in College Station has been sold to Florida-based Concert Golf Partners, a company that owns more than 40 private clubs across the country.

Why It's A Big Deal For The Brazos Valley:

This is about more than golf. Pebble Creek is one of the region's most recognized private event venues and recreational destinations near Texas A&M.

A new owner with significant financial resources could mean continued investment in facilities, jobs, events, and amenities that attract residents, visitors, and business activity to Bryan-College Station.

The announcement also included donations to two local organizations that directly serve Brazos Valley families and children, showing an early commitment to community involvement beyond the club's membership: The Bubba Moore Foundation and Radio MASH Toy Drive.
maroon barchetta
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Concert Golf Partners?

Goodbye Wolf Pen Creek

Hello Pebble Creek!

Bring on Aeromyth!!!
Aggie_Fire
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AG
Do you think they will want to open Pebble Creek back up so they can have more access from the South? LOL
EBrazosAg
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I'd calm down on enthusiasm until I saw some results. All these groups look for a 3-7 yr hold and a 12-25% ROI annualized when they sell. It's really that simple. They either accomplish it with refinancing, increased income (dues) or decreased expenses - or a combination of the three . Pick your poison.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
Hornbeck
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Private Equity. Coming to a country club near you.

Concert has several lawsuits around the country as well.

Methinks the donations were to buy goodwill from the community. Maybe folks wont dive too deep into their track record…
Captn_Ag05
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Hornbeck said:


Methinks the donations were to buy goodwill from the community. Maybe folks wont dive too deep into their track record…


So cynical!
TXicanMafia
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There's only one certainty. Mega-investors buy to profit and will "donate to charity" to candy coat their motives. As soon as the profit projection peaks, they'll sell and exit stage left. They don't care about the community any more than any other outsider corporation.
Buford T. Justice
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Maybe, one day UNICEF will get into the ownership of country clubs, and then we will all play for free. It is what it is. Enjoy it for the time being.
agnerd
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MO on this type of deal is to squeeze more money out of the golfers by opening up more tee times on the weekends. They will often schedule two foursomes on the Par 4s and 5s on weekend dates. They need to fit more rounds of golf per week in to make more money.

The real money maker will be the facilities. Expect a decent rennovation of the bar, restaurant, and ball room, and significantly higher dues. There will also probably be an opportunity for the public to access the facilities more easily with day passes and things like that.

Will be interesting to see how the members react to higher prices for a nicer facility.
FlyRod
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Interesting indeed. The Pebble Creek demographic seems different from the Traditions-Miramont ones. Younger, less "old money," more TAMU folks… so likely more price sensitivity than at the afore mentioned places.
techno-ag
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Maybe they'll get a bump in membership with TeraFab coming in.
The left cannot kill the Spirit of Charlie Kirk.
EBrazosAg
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They will definitely get a PC demographic bump.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
Buford T. Justice
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If they did that and significantly enhanced the gym, and added some free range office space, making it more of a morning destination, I could see a good up tick in visits. Or, by adding an executive lunch plan, along with the office space.

Gen 1 of Pebble Creek are moving on to assisted living and nursing homes. There will be a big turnover in the neighborhood over the course of the next 5-10 years.
Buford T. Justice
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I never understood why they didn't build some condos or townhomes to attract younger couples and singles, to supplement the patronage at the clubhouse.

The number of apartments in the Traditions area is unbelievable. Miramont is an anomaly all together.
nought
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You were talking about pccc, right? The club is full of young couples with young children. I believe they actually are maxed out on golf members as the course is so busy that it can't handle them having more. The facilities are significantly beneath the level of what is available at Traditions let alone Miramont. Then again, initiation is significantly less as well. Monthly fees are surprisingly not that much less than the other clubs. A bit, but not that much. What does all of the above mean with respect to the new owners? I have no idea.
KaneIsAble
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AG
I was told they intend to thin the golf membership down but rates may increase. Tee times are definitely an issue
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