The group of investors from China as locally established Founders International Group has become the largest owner and operator of golf courses in the Myrtle Beach market.
The company has acquired most of the assets of the National Administration of Golf, giving a personal interest in 22 courses (423 holes) on the Grand Strand.
National Golf Management has been the largest owner / operator in the market with the 12 courses that both ownership and management and within five additional through contracts and / or management leases.
Courses acquired in the transaction section from Pawleys Island to Little River. They are: Long Bay Club; Pine Lakes Country Club; Great Dunes Golf Resort; River Club; Pawleys Plantation; Willbrook Plantation; Litchfield Country Club; North and West courses Southcreek King in Myrtle Beach National Golf Club; and courses in Myrtlewood Palmetto and Pinehills Golf Club.
The agreement does not include the management contracts of the National, Meadowlands Golf Club, Arcadian Shores Golf Club, Canal Hills Golf Links and Administration Blackmoor Golf Club Golf Farm Golf Links.
Chinese parent company founders of the International Group, Yiqian funding, mainly owned by Chinese investors Dan Liu and New York immigration lawyer and president FGI Nick Dou.
Dou said on Thursday it had NGM 600-700 FGI employees and now employs more than 1,000 people, making it one of the largest private employers in the area.
FGI also makes an important corporate scene Myrtle Beach player and as such, will give you a seat at the table for discussion of such things as how to market the area, said Brad Dean, executive director of the Chamber of Myrtle Beach Trade Area.
"As key players in our tourism industry, Mr. Dou and Mr. Liu can certainly influence how the target markets," Dean said. "But ultimately, they share a target with any other business: to attract more visitors to the Myrtle Beach area."
Overall, investors from China bought 27 of the public courses more than 80 of the filament between Georgetown and Southport, North Carolina, since June 2013 Sea Trail Resort - which includes three courses - as well as the Crown Park Golf Club and Black Bear Golf Club are each owned by different Chinese groups, families or individuals.
Oceanfront, Pawleys Plantation and King's North Course are among the exclusive designs of the area, while rivals Pine Lakes The Dunes Golf and Beach Club as most emblematic dish of the area. It opened in 1927 and is the oldest in the Strand, defends the traditions of Scotland, is considered the birthplace of Sports Illustrated and has a great club which was designed in the classical revival style by Raymond Hood, who he also designed the skyscrapers of New York. The course and clubhouse are on the National Register of Historic Places.
NGM courses are added to the FGI designs have already purchased in the area: TPC Myrtle Beach, Aberdeen Country Club, Burning Ridge, Colonial Charters, Founders Club in Pawleys Island, Indian Wells Golf Club, River Hills Golf & Country Club, International World Tour Links Golf Club and Wild Wing Plantation Tradition.
The acquisition also includes call center of the National Administration known as Tee Time Golf Center, operations golf packages known as Ambassador Golf and Myrtle Beach Golf Trips, some of the web sites related to the most popular golf Strand including mbn.com, myrtlebeachgolftrips.com, myrtlebeachtrips. com and mbgolfinsider.com and National Golf Management program known local golf membership as Prime Times.
"We are very excited about this acquisition," Dou said in a statement. "Not only add 12 golf courses to our portfolio, adding engine marketing, call centers and websites of high traffic that will help round drive and income. Now we have a different management team and experienced composed of veterans industry qualified to help us continue our success in the future course. We have made a substantial investment in the community of Myrtle Beach and look forward to a bright future here. "
The total sales price of the acquisition of NGM Founders Group properties was not disclosed or available immediately. Before the purchase, FGI had spent approximately $ 58 million purchase Strand golf courses and property from last year, according to Horry and Georgetown County property records.
NGM was formed in March 2012 as a merger of most of the assets related to golf Myrtle Beach National Co. and Burroughs and Chapin Golf Management. He oversaw operations in 23 Pawleys Plantation Golf courses and villas at its peak. A total of 17 courses above and / owned or operated are now part of the IGF.
NGM President Bob Mauragas not part of the IGF, but NGM vice president of marketing and sales Steve Mays said crews otherwise "operation [NGM] and marketing are falling into place. The executives of the two companies will continue to managing this new entity. "
Mays has remained a FGI marketing and sales director along with former marketing executive Jim Woodring NGM. FGI management team has included the former general manager of Classic Golf Group general manager Rick Taylor and Tom plankers World Tour.
"Of course we are going to reorganize. It is a large company with many employees" Dou told The Sun News. As with previous purchases of FGI, employees of the golf course individual who wanted to be withheld remain employed.
Mays said more purchases by FGI course are possible, though not likely in the near future. "We will keep our options open, but at this time we will focus on the operation of the courses that we currently have," Mays said.
Dou said recently the company has no plans to rebuild any property golf course, and some of the courses of the company have easements that prevent development. "We want to keep the golf courses, as they are," Mays said.
All courses at FGI, with the exception of Colonial Charters, are members of the marketing cooperative Myrtle Beach Golf Holiday, which markets the Strand golf market regional, national and international.
"We intend to remain an integral part of the golf community and the promotion of Myrtle Beach," Mays said. "Participation in the Myrtle Beach community is important for the company and important to Nick and Dan."
Dou said that he is trying to do in Myrtle Beach golf destination for Chinese citizens.
"With their ties," Dean said, "The number of trips and tours to the Grand Strand China could grow much faster than expected."
Yiqian funding has resulted in travel departments, courses and real estate to support its foray in Myrtle Beach, according to Dou, and has been associated with a large travel agency in China to bring golfers and wedding parties in area.
Liu house on Tuesday in Myrtle Beach and is expected to about 60 residents of China to be present and remain in the area for several days. Dou Liu and plan to make their homes in the Myrtle Beach area.
Founders International Group also has a division for residential and commercial development. As part of its purchase of Wild Wing last week, Founder Group acquired approximately 200 lots and 241 acres of property around the course.
Dou said the company also acquired approximately 20 adjacent to one of his courses hectares and, according to Keller Williams Realtor Jane Zheng, who negotiated most of the purchases of golf courses in the IGF, last year bought out the development Stonewall Villas SC 9 in Longs for more than $ 1 million Horry County State Bank.
Zheng said the Stonewall property is held in 80 residential buildings of two to four units. Currently there are a club house and two buildings.
Yiqian financing purchases have attracted the attention of other Chinese investors and has helped raise the profile of Myrtle Beach recently, Zheng said.
She said she has five to 10 groups of other Chinese investors scheduled to visit the Strand this year. They'll be looking for hotels, office buildings, raw land and other properties that can pay dividends, he said.
Zheng said that Myrtle Beach has yet to secure a place in the minds of most Chinese investors, who think of Los Angeles, New York, Atlanta and other major cities for purchases in the United States.