a tradition of excellence
Our portfolio of golf properties has set the highest standards for functionality and creativity within our organization. By owning and managing some of the finest golf properties in the nation, we continually break new ground and raise the bar across the hospitality and residential industries. Ultimately, Paloma creates and operates “social centers” that provide an experience in an engaging and exciting environment. Golf destinations where friends and families can live, socialize, dine, play, and enjoy quality time together. Building stronger social centers is at the core of our beliefs and our projects reflect that quality.
Acquired in 1996, Geneva National Golf Club demonstrates Paloma’s ability to successfully blend the dynamics of a high-end private golf membership with daily fee play. Similar to many of our other acquisitions due to financial distress, poor management, under-marketing and a poor public image, Geneva National differed in the complexity and breadth of its physical layout. From the spectacular 60,000 square foot clubhouse to each of the three championship golf courses designed by Arnold Palmer, Lee Trevino, and Gary Player, Our management has repositioned the public’s perception of Geneva National. Geneva National is currently owned and operated by Paloma Resort Properties, and is home to our Corporate Offices.
GENEVA NATIONAL GOLF CLUB
LAKE GENEVA, WISCONSIN
Since purchasing Geneva National in 1996, Paloma helped increase revenues and create customer loyalty by adding financial stability to a once struggling operation. Paloma has increased Geneva National’s EBITA by $2.3 million.
PAST GOLF PROPERTIES
DOVE CANYON GOLF CLUB
DOVE CANYON, CALIFORNIA
Conceived in June 1986, Dove Canyon is a living testament to one man’s vision. Today, Dove Canyon is one of the world’s premier and most exclusive golf communities. Dove Canyon’s signature piece is an 18-hole championship golf course designed by Jack Nicklaus, surrounded by 1,300 lots developed into single-family residences. Upon completion of the project in 1993, Dove Canyon was sold.
EMERALD VALLEY GOLF CLUB
The only 18-hole championship golf course in its market area, Emerald Valley is situated in a spectacular setting along the Willamette River, south of Eugene. Originally built in the 1960s, improvements were made by a succession of owners over a 25 year period. Under-managed, under-utilized and under-marketed for years, Paloma took over Emerald Valley in 1993. Emerald Valley was able to achieve an extraordinary 44% net operating income on gross revenue in 1995. Emerald Valley was part of the portfolio of clubs Paloma sold to Arnold Palmer Golf Management Company.
Cimarron Hills is developer Garth Chambers’ second resort-style golf and country club community and the third time he has paired with Jack Nicklaus for the design of a championship golf course. The project encompassed a number of complex zoning and development issues that resulted in a showcase community featuring a perfect integration of the golf course and surrounding real estate. Cimarron Hills was sold in Fall, 2004.
TAN TARA GOLF CLUB
TONAWANDA, NEW YORK
Situated in one of Buffalo’s northern suburbs, Tan Tara’s existing golf course and club house had fallen into a deteriorated state when Paloma acquired it. Membership had dropped 50% and Tan Tara’s reputation was that of a failed club. The clubhouse was completely renovated, golf course improvements undertaken and, during the winter construction period, over 100 new memberships were generated. In one year, Paloma turned Tan Tara around and doubled the net operating income. Tan Tara was part of the portfolio of clubs Paloma sold to Arnold Palmer Golf Management Company.
FOX VALLEY GOLF CLUB
LANCASTER, NEW YORK
The first club of its magnitude in Western New York in more than 25 years, the success of Fox Valley Club surpassed even Paloma’s highest expectations. Upon acquisition, Fox Valley was a financially distressed property, though one of the most outstanding and beautiful courses in Western New York. Paloma initiated a new marketing and membership program in conjunction with the construction of a new clubhouse and other on-site improvements. The construction of the clubhouse was funded by Textron Financial. Fox Valley was Textron’s first construction loan and Paloma completed the project in true form – on time and under budget.