Working with Palmerston

The Standard Management Contract

Working with Palmerston This is our most popular model as it commits both Palmerston and the owner/developer to work together to develop, achieve and maintain the long term success of the project for both members and owners. This is most frequently used for new projects.

The Incentive Based Contract

This model only applies to existing golf courses that are under-performing and where the owner feels that he now needs a professional management company to bring the club to the next level of service and profitability.

Equity or Joint Venture

Palmerston's extensive contracts in the golf industry and with financial institutions and other sources of capital enable us to introduce lenders and/or investors to your project. In certain circumstances we may be willing to take a portion of our success fee for introducing funding sources in the form of equity in the project.

Long Term Lease

Under this alternative, an existing golf property is leased to Palmerston for a specific length of time. We pay the owner a pre-determined fee on a quarterly basis for the right to operate the property. Under a lease, Palmerston is responsible for all operational expenses as well as profits and may be financially responsible for certain and very specific negotiated capital improvements to the golf course, depending on the lease terms.

Short Term, Task Specific Consulting

We are often approached by owners or developers of golf properties to share with them some of the secrets of our continued success. We have now made the decision to provide, on a case by case basis, sound practical advise in specific areas. Here are some of the areas where we can provide assistance:

Asset management for financial institutions
Golf course feasibility and financial analysis
Golf course and club planning, design and construction
Temporary club management
Total golf club operations consulting
Golf experience and operations