Hanover Golf Club, formerly known as Hanover Country Club, was listed for sale last week for an undisclosed asking price. (BizSense file)
As golf courses continue to ride a wave of momentum brought on by the pandemic, one local club is testing the market for a buyer.
Hanover Golf Club, formerly known as Hanover Country Club, was listed for sale last week for an undisclosed asking price. It’s looking only for buyers who would maintain the 120-acre property as a golf course.
A sale would mark an end to member-owned status for the nearly 60-year-old course, which had been a private club up until switching to semi-private three years ago in a bid to get back to profitability.
Mike Hatch
Mike Hatch, whose company Acumen Golf has managed Hanover GC since 2014, said while he hates to see the course taken out of the members’ hands, a sale does give them the chance to unload it while golf overall is on an upswing.
“After six years of successful management, it is a shame to see the club go up for sale. But the timing is right for the membership who own the club,” Hatch said. “The golf course has never been in better condition and rounds and membership are up.”
Hatch said Hanover GC, like most other golf courses, is feeling the positive effects of the pandemic shining a light on the game’s open-air virtues.
“COVID-19 has been good for golf in general with many of the high-end private clubs in Richmond establishing a waiting list to join again, and public courses seeing a 20 percent increase in play,” said Hatch, who also owns and manages Brandermill Country Club and Birkdale Golf Club in Chesterfield County.
Hatch said rounds at Hanover are up to around 15,000 a year and it has 200 golf members and 100 social members while also offering daily fee play to the public.
The club has been in the black for several years running and has been reinvesting that profit back into upgrades. The club charges $175 per month for a single member and $45 to $59 for daily rounds.
The course is listed with Hilda Allen, a broker who deals almost exclusively in golf courses.
Allen said the market for golf courses is active and strong at the moment. She said she has several under contract to be sold in early 2022 in North Carolina and Florida. She said earlier this year she successfully sold Skyland Lakes Golf Club in Fancy Gap, Virginia, in the western part of the state.
She said most of the buyers for golf courses these days are individuals or companies that own multiple courses.
“Things are much better than they were” Allen said, referring to the industry’s doldrums after the Great Recession. “I think golf has made a big comeback.”
Hanover Golf Club, formerly known as Hanover Country Club, was listed for sale last week for an undisclosed asking price. (BizSense file)
As golf courses continue to ride a wave of momentum brought on by the pandemic, one local club is testing the market for a buyer.
Hanover Golf Club, formerly known as Hanover Country Club, was listed for sale last week for an undisclosed asking price. It’s looking only for buyers who would maintain the 120-acre property as a golf course.
A sale would mark an end to member-owned status for the nearly 60-year-old course, which had been a private club up until switching to semi-private three years ago in a bid to get back to profitability.
Mike Hatch
Mike Hatch, whose company Acumen Golf has managed Hanover GC since 2014, said while he hates to see the course taken out of the members’ hands, a sale does give them the chance to unload it while golf overall is on an upswing.
“After six years of successful management, it is a shame to see the club go up for sale. But the timing is right for the membership who own the club,” Hatch said. “The golf course has never been in better condition and rounds and membership are up.”
Hatch said Hanover GC, like most other golf courses, is feeling the positive effects of the pandemic shining a light on the game’s open-air virtues.
“COVID-19 has been good for golf in general with many of the high-end private clubs in Richmond establishing a waiting list to join again, and public courses seeing a 20 percent increase in play,” said Hatch, who also owns and manages Brandermill Country Club and Birkdale Golf Club in Chesterfield County.
Hatch said rounds at Hanover are up to around 15,000 a year and it has 200 golf members and 100 social members while also offering daily fee play to the public.
The club has been in the black for several years running and has been reinvesting that profit back into upgrades. The club charges $175 per month for a single member and $45 to $59 for daily rounds.
The course is listed with Hilda Allen, a broker who deals almost exclusively in golf courses.
Allen said the market for golf courses is active and strong at the moment. She said she has several under contract to be sold in early 2022 in North Carolina and Florida. She said earlier this year she successfully sold Skyland Lakes Golf Club in Fancy Gap, Virginia, in the western part of the state.
She said most of the buyers for golf courses these days are individuals or companies that own multiple courses.
“Things are much better than they were” Allen said, referring to the industry’s doldrums after the Great Recession. “I think golf has made a big comeback.”