The Dacula, Ga. property, with a golf course designed by Steve Melnyk that sees over 45,000 rounds annually, has been sold to an unnamed buyer described as “a Class-A PGA member and longtime golf-industry executive [with] years of operational experience.” The property was listed at $2.4 million and its sale is the latest of over…
Drive Shack Sells 11 Clubs for $82.5M
Rendering of Drive Shack’s Orlando facility, which opened in April 2018. The emerging competitor to Topgolf is selling all 26 of its American Golf-owned properties to generate nearly $175 million in capital to put toward development of new “eatertainment” facilities. Eight of the properties that were sold are in California; buyers were not disclosed.