Author: Staff (Page 20 of 22)

Donald Trump tests his brand on golf courses

January 15, 2011 /

Donald Trump has plastered his name on countless products, and now he’s trying to take advantage of the real estate recession by picking up golf courses on the cheap.

Donald Trump is betting his name will boost the value of his golf courses even as the premium for the brand declines on condo properties and ratings slide on his show, The Apprentice. The real estate developer turned TV personality has acquired nine golf properties in the U.S., including four since 2008. In July he started building a £750 million ($1.15 billion) golf course and resort in Scotland.

Trump says putting his name on the courses increases membership and the fees he can charge. Elsewhere, the record is mixed. The Trump name hasn’t prevented the failure of real estate developments in Florida and Mexico. Nor has it helped his New York condos sell for more than comparable apartments in the city, according to Sofia Song, vice-president for research at StreetEasy.com, which compiles real estate listings. At the same time, Trump’s hotels in New York and Chicago are outperforming their competition based on occupancy rates and room prices.

With the Trump name appearing on vodka, health products, mattresses, furniture, cuff links, shirts, ties, and a seminar company, the brand has been devalued, says Josh Feldmeth, chief executive officer of the New York division of consulting firm Interbrand. “He has cashed out.”

The article goes on to explain that there are disagreements on the value of Trumps brand. The golf lifestyle demographic seems to be in Trump’s sweet spot, so this branding push might make sense.

Courses, Lifestyle, Resorts

Tiger lets a lead slip away

December 6, 2010 /
THOUSAND OAKS, CA - DECEMBER 4: Tiger Woods hits from a bunker on the fifth hole during round three of the Chevron World Challenge at Sherwood Country Club on December 4, 2010 in Thousand Oaks, California. (Stephen Dunn/Getty Images)

Tiger Woods has had a rough year in 2010, but his play in the Chevron World Challenge at Sherwood Country Club showed everyone that he’s on his way back.

That said, Tiger found a way to blow a big lead on the final day.

Graeme McDowell was “ecstatic” today after capping his most incredible golfing year with a dramatic play-off win over Tiger Woods in the Chevron World Challenge in California.

“2010 has been the stuff of dreams,” McDowell admitted after his stunning $1.2 million victory, worth £765,000, in Woods’ own tournament.

“Playing one of the greatest golfers who has ever played and to beat him like this I’m just ecstatic,” McDowell added.

It looks like Tiger will have a serious rival for the foreseeable future as well.

Courses

Times are tough for Tiger

August 8, 2010 /
Tiger Woods reacts after missing his putt on the 12th hole during the final round of the WGC Bridgestone Invitational golf tournament at Firestone Country Club in Akron, Ohio, August 8, 2010. REUTERS/John Sommers II (UNITED STATES - Tags: SPORT GOLF)

The face of Tiger Woods says it ass, as he misses his putt on the 12th hole during the final round of the WGC Bridgestone Invitational golf tournament at Firestone Country Club in Akron. The entire weekend was a disaster for Tiger, and Plain Dealer columnists Bud Shaw sums it up.

Golf shirts from the Tiger Woods Collection retail for $100 in the Firestone Country Club pro shop. Hats are $28.50. Neither will help you play golf like Tiger Woods.

For the first time in memory, that’s not a disclaimer as much as a selling point.

To match the game Woods brought to the South Course this week at the Bridgestone Invitational, you’d have to miss fairways, flub chips, quit on shots and putt as if you spent the morning hooked to a caffeine IV drip.

The only way this tournament could more accurately embody the tumult of 2010 for Woods after Saturday’s third-round 75 would be if he were riding in a cart and that cart careened off the course into a fire hydrant.

Woods’ 5 over round was his worst at Firestone since his previous worst — 48 hours earlier. His 11 over after 54 holes is the highest relative to par since he turned pro in 1996.

“I drove it terrible, hit my irons terrible, didn’t putt well, and it added up,” Woods said before heading directly for the driving range.

For Woods to fix everything that ails him in one driving range session he’d have to stumble across Butch Harmon, Hank Haney and a hot tub time machine there.

We’re seeing a new Tiger who actually has to deal with his personal life outside the course. Maybe he needs a trip to Vegas . . . . .

Courses, Gear

Golf clubs and country clubs having tough time in recession

August 4, 2010 /

As you probably expected, the recession is having an adverse impact on golf course memberships and country club memberships.

Recession-battered golf courses aren’t just coping with lighter crowds. Some are edging perilously close to bankruptcy. Courses from Florida to Arizona, where golfing was once a daily exercise, face major cutbacks or foreclosure.

Myrtle Beach, S.C., a once-booming 70-mile strip of beachfront property nicknamed “Golftown, USA,” has been hit especially hard: Where there were about 125 golf courses in 2006, there are now around 100.

“It’s just a shakeout of golf,” says Donald Wizeman, CEO of Myrtle Beach Golf Association, which produces a website for golfers traveling to Myrtle Beach. “The real estate market is so depressed here.”

Things are just as bleak in Arizona. Eight golf courses in the Phoenix area have gone through foreclosure or bankruptcy since commercial properties started facing serious financial problems in 2008, according to IonDataExpress.com, a real estate analysis firm. Many more are reducing their hours this summer, says Tom Stine, co-founder of market researcher Golf Datatech.

You should also expect to find incredible deals for golf travel and green fees on courses all around the country.

Courses, Resorts, Travel

The British Open celebrates golf history at St. Andrews

July 15, 2010 /
ST ANDREWS, SCOTLAND - JULY 15: General View of an Open Championship flag during the first round of the 139th Open Championship on the Old Course, St Andrews on July 15, 2010 in St Andrews, Scotland. (Photo by Stuart Franklin/Getty Images)

The professional golf scene today is mostly centered on stateside competition, but the game’s historic roots are overseas, and this week marks one of the game’s oldest and most prestigious competitions – the British Open.

The Canadian Press had a great interview with Arnold Palmer, one of the first American players to play on the Old Course at St. Andrews.

“I felt that if you were going to be a champion, you couldn’t be a champion without playing in the Open and hopefully winning the Open,” [Palmer] said. “So that was part of the whole program for what I was doing.”

Palmer won the Masters and U.S. Open in 1960. On his way to St. Andrews for his first British Open, a conversation with sports writer Bob Drum led Palmer to effectively create the modern version of the Grand Slam.

He finished one shot behind Kel Nagle. Palmer won his claret jugs at Royal Birkdale in 1961 and Royal Troon in 1962.

Even so, St. Andrews remains a big part of his life. Palmer was given an honorary degree at the St. Andrews University on Tuesday. The only disappointment was not getting to play in the “Champions Challenge” because of bad weather Wednesday.

The Bleacher Report also put together a nice preview of the field this year. As the article states, with 49 of the top 50 players on the field this week, it’s sure to be an exciting tournament. Will Tiger be able to regain the mental determination that led him to so many victories? Will Justin Rose and his perfect rhythm net another win this year?

If you’re interested in getting to the Open, or just getting to the Old Course some time soon, Wikitravel has a comprehensive guide to getting the most out of your St. Andrews experience.

Courses, Travel

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