Financial Institutions

Touchstone has established itself as a leader in turning around challenged golf courses. Leveraging our extensive experience and expertise working with public and private club owners, lenders, private equity funds, court receivers, bankruptcy lawyers, real estate developers and investors, we customize our management approach based on the goal of the owner to sell or hold the property. Options may include:

o Value (limited) investment followed by exit (6-18 months)
o Capital investment followed by exit (18-36 months)
o Value investment with ongoing management (typically 5+ years)
o Capital investment with ongoing management (typically 5+ years)

Our property assessment, financial benchmarking and departmental improvement capabilities enable us to make the necessary adjustments to quickly improve the financial performance of the asset. This includes:

o Defining the current and optimum market position to grow revenue and profitability
o Proposing new marketing and sales initiatives to quickly improve revenue
o Identifying "quick wins" - changes that can be made immediately to improve both the financial performance and the guest/member experience
o Establishing standards and training for improved guest service and quality
o Installing strict financial and cash handling controls for on-site staff
o Recommending capital improvements to increase asset value and generate an immediate return
o Preparing annual budgets and business plans for owner approval
o Providing timely financial reporting on a daily, weekly or monthly basis
o Leveraging our national account relationships to achieve preferred pricing
o Supporting efforts to transfer the property