CAPITAL MARKETS | GOLF & RESORT PROPERTIES REDSTONE GOLF PORTFOLIO AT A GLANCE GOLF INDUSTRY ACCOLADES The Redstone Companies enjoys a well-earned reputation as a quality real estate developer and operator of luxury golf and resort properties in the greater Houston area. Redstone’s golf portfolio includes Shadow Hawk Golf Club, The Houstonian Golf & Country Club, Redstone Golf Club and BlackHorse Golf Club. The Houstonian hosted the LPGA Tour Championship in 2009 and Redstone has been the home of the PGA TOUR’s Shell Houston Open for the last 10 years. Well-conceived and well-maintained, the Redstone golf portfolio generated more than $29.5 million in total revenue in 2012 and is budgeted for $30.8 million in 2013. These assets represent a once-in-a-lifetime opportunity to acquire some of Houston’s best private and daily fee golf clubs. 10 Best New Private Clubs Golf Digest Top 5 Private Courses Houston Chronicle Environmental Leader Private Merit Award Golf Digest Top 10 You Can Play Golf Magazine Top 100 Golf Shops Golf Business Environmental Leader Private Merit Award Golf Digest Top 10 - America’s Best Courses for $100 or Less Travel + Leisure Golf #1 Daily Fee Course Houston Chronicle 50 Best Courses in Texas Dallas Morning News Ultimate Public Golf Course Houston Chronicle One of America’s Best New Courses Golf Digest 100 Best Golf Shops Golf Business World Best Overall Public Course Avid Golfer Houston
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CAPITAL MARKETS | GOLF & RESORT PROPERTIES
REDSTONE GOLF PORTFOLIO AT A GLANCE
GOLF INDUSTRY ACCOLADES
The Redstone Companies enjoys a well-earned reputation as a quality real estate developer and operator of luxury
golf and resort properties in the greater Houston area. Redstone’s golf portfolio includes Shadow Hawk Golf Club, The
Houstonian Golf & Country Club, Redstone Golf Club and BlackHorse Golf Club. The Houstonian hosted the LPGA Tour
Championship in 2009 and Redstone has been the home of the PGA TOUR’s Shell Houston Open for the last 10 years.
Well-conceived and well-maintained, the Redstone golf portfolio generated more than $29.5 million in total revenue in
2012 and is budgeted for $30.8 million in 2013. These assets represent a once-in-a-lifetime opportunity to acquire some
of Houston’s best private and daily fee golf clubs.
Redstone Golf Club is one of the most recognizable golf clubs in the greater Houston area. Home of the PGA TOUR’s Shell Houston Open for the last 10 years, Redstone is being offered with its two championship golf courses (one public and one private), attractive clubhouse and expansive practice facilities that include the Dave Williams Golf Academy. Redstone is home to The First Tee of Greater Houston and approximately 50 acres are utilized by the Houston Golf Association (through an agreement between the HGA, PGA TOUR and Redstone Golf Club) for parking during the Shell Houston Open. Also included in this offering are approximately 8.5 acres of land between the clubhouse and golf academy, considered a prime hotel and condominium development site.
Holes 36 (Member/Tournament)
Total Acreage Approximately 870 acres
Maintained Acreage Approximately 270 acres
Operation / Year Open Member Course: Private / 2002Tournament Course: Daily Fee / 2004
Golf Architects Member Course: Jim Hardy & Peter JacobsenTournament Course: Rees Jones & David Toms
Practice Facilities Dave Williams Golf Academy, TaylorMade Performance Lab,Golf Fitness Studio, double-sided range with short game areas
SHADOW HAWK GOLF CLUB AT A GLANCEAND THE HOUSTONIAN GOLF & COUNTRY CLUB AT A GLANCE
CAPITAL MARKETS | GOLF & RESORT PROPERTIES
Shadow Hawk Golf Club is a premium private club that delivers the ultimate golf experience. Revered in the greater Houston golf market, Shadow Hawk occupies a former pecan grove with its upscale sister club, The Houstonian Golf & Country Club. Both clubs feature elegant clubhouses and outstanding, championship golf courses designed by renowned architect Rees Jones. The Houstonian also offers resort-style swimming pools and tennis courts, as well as complete fitness and spa facilities. These two private clubs share modern maintenance and expansive practice facilities.
Holes 36
Total Acreage Approximately 465 acres
Maintained Acreage Approximately 300 acres
Operation / Year Open Private / 1999 (both clubs)
Golf Architect Rees Jones (both courses)
Practice Facilities Double-sided range / golf academy / short game areas
Financial Notes: 2012 Forecast includes actual amounts through November plus budgeted amounts for December. Management fees have been deducted from fixed expenses and totaled in 2010,