Kuala Lumpur, Malaysia: Azalea Hospitality, a golf and leisure management and consulting company, together with its investment partners are actively seeking golf courses in the Asia Pacific region that have interest in leasing, selling, or attracting investment partners.
“The golf business is an extremely competitive marketplace, and it is our mission to help golf club owners who wish to retain ownership of their property but may be looking at new alternatives than operating their facility at a loss,” said David Townend, Founder and Managing Director of Azalea Hospitality, an Associate Business Member of the Asian Golf Industry Federation.
He added: “In addition to the option of leasing, we aim to assist owners who either have plans to sell their facility, or are considering investors to assist with redeveloping.
“Right now, many facilities are fighting for their existence. Much of the market cannot compete without engaging expert help, adopting economies of scale, and implementing modern data-driven best practices.
“Accordingly, owners who are self-aware that their club is under-performing, and recognise that current tactics are not optimal are welcome to open preliminary discussions with us.
“Leasing of golf clubs is not widely available in this region, but is an ideal option for club owners who are looking for relief from the stresses and risks of operational execution, and would value guaranteed cash flow as the value of their facility appreciates over time.
“We see that owners for varied reasons are not interested in the daily stress of running operations, and would prefer a long-term passive revenue stream from their asset, whilst still enjoying ownership.”
Azalea Hospitality works with a host of recognised industry professionals, tailoring its service offering in line with the type of project and owner objectives.