West Midlands Golf Club Goes Back on Market

Diamante Cabo Journal brings you this news from the U.K.  The Goldenhill Golf Club, a golf course plagued by vandalism since it closed down, is to slated to be put back on the market.  The club shut in February after the operator, Jack Barker Golf Company, fell into arrears.  For more read here:

http://www.thisisstaffordshire.co.uk/Golf-course-market-months-limbo/story-14269751-detail/story.html

Investigation to Examine Lease of Pakistani Golf Course

Diamante Cabo Journal brings you this news. The Executive Board of NAB has authorized a full investigation into the case regarding illegal leasing of land to the Royal Palm Golf Club in Lahore, Pakistan and has also directed to ascertain the loss caused to the state in this case.  For more read here:

http://www.brecorder.com/general-news/single/599/172/1265814/

Maryland Golf Course Sold to Married Couple at Auction

The Diamante Cabo Journal brings you this news about the Hunters Oak golf course in Queenstown, MD.  The golf course and country club in Maryland was sold at a pubic auction on December 20th for $2.3 million to a married couple from McLean, VA.  For more read here:

http://www.cecilwhig.com/business/article_b90d5a36-3018-11e1-98c1-0019bb2963f4.html

U.K. Golf Club Shuts Down as Farmer Takes Over

Diamante Cabo Journal brings you this news from England.  EDP is reporting that  the Norfolk Golf and Country Club (NGCC) at Reymerston, near Dereham closed for good yesterday after members got in one final round.  Last month, the EDP reported the club owned by Ray and Kate Barlow, was sold to a farmer. For more read here:

http://www.edp24.co.uk/news/sad_day_for_golfers_after_popular_mid_norfolk_club_closes_1_1162253

Vietnamese Look to Golf as Investment While Officials Condemn Game

Diamante Cabo Journal found this interesting WSJ article.  James Hookway reports that the Vietnamese are purchasing golf club memberships as investments.  Prices for club memberships around Hanoi have risen from around $6,000 in 2004 to around $30,000.  However Vietnamese officials do not look at golf as favorably. They see it as a distraction and harmful to national interest.  For more read here: 

http://online.wsj.com/article/SB10001424052970203802204577066091227404700.html?mod=googlenews_wsj

Doral Golf Resort and Spa Gets Auction Date

The Diamante Cabo Journal brings visitors this update on the auction for the Doral Golf Resort and spa.  The South Florida Business Journal is reporting that a U.S. Bankruptcy Court judge has scheduled the auction for Feb. 27 and approved a company controlled by Donald Trump as the stalking-horse bidder.

For more read here:
http://www.bizjournals.com/southflorida/news/2011/12/21/trump-in-running-as-auction-set-for.html

Golf Trying to Rebound

The Diamante Cabo Journal brings you this somber look at the golf industry.  The Desert News is reporting that although the game of golf is trying to emerge from the doldrums of the past four or five years.  Course are reporting better starts to the season.  However, many public and resort courses are still struggling with minuscule profit margins while trying to retain as well as attract new players. For more read here:

http://www.mydesert.com/article/20111219/SPORTS05/112190308/Golf-in-crisis-despite-signs-of-rebound

Couples Puts Second Home on Market

The Diamante Cabo Journal brings you this article about Professional Golfer Fred Couples.  Couples has listed his second home in La Quinta, CA at $4.195 million.  The article notes, "Couples, 52, uses the house as a place to relax at the end of the golf season."  For more about the house read here:

http://www.freep.com/article/20111211/BUSINESS04/112110312/Pro-golfer-Couples-offers-his-2nd-home

Trump Lowers Bid for Doral

The Diamante Cabo Journal brings you this real estate news.   Real estate mogul Donald Trump is purchasing the Doral Golf Resort & Spa in the Miami area for $20 million less than the price first announced in October.

The plan was for Trump to buy Doral for $170 million. But that all changed.  
Donald Trump's hotel group recently slashed its offer to buy the Doral Golf Resort & Spa out of bankruptcy to $150 million because it will have to invest an additional $200 million in the Florida property, according to people familiar with the matter. For more read here:

http://articles.sun-sentinel.com/2011-12-06/business/sfl-trump-to-pay-20-million-less-for-doral-golf-resort-20111206_1_trump-blue-monster-professional-golf-courses

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