Advisory Services for Golf Clubs and Resorts - KPMG Golf Advisory Practice in EMEA - Golf Benchmark
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Advisory Services
for Golf Clubs
and Resorts
KPMG Golf Advisory Practice in EMEA
GOLFBENCHMARK.com
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we
endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will
continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the
particular situation.
The KPMG name and logo are registered trademarks or trademarks of KPMG International.
© 2015 KPMG Hungária/Tanácsadó Kft., a Hungarian limited liability company and a member firm of the KPMG network of independent member firms affiliated
with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Who we
KPMG Golf Advisory Practice We have assisted developers of
possesses in-depth knowledge and integrated resorts in conceptualising
experience of the business side of projects in which golf plays an
the golf, lifestyle real estate, hotel important role and also several
and tourism industries. owners and operators of existing golf
are? Our Practice has provided
professional services to developers
of new and owners of existing golf
courses, be they stand alone courses
or part of an integrated real estate
courses in becoming more efficient
from an operational point of view in
an increasingly competitive market
place.
and leisure resort across Europe, the
Middle East and Africa (EMEA) and
further afield.
Our international client base comprises:
– Developers of integrated – Banks, investors, real estate funds
real estate and leisure resorts and private equity groups
incorporating golf
– Golf and tourism industry bodies
– Owners and operators of existing and associations.
golf courses/clubs and integrated
golf resorts
What can
KPMG Golf Advisory Practice involvement in the golf, lifestyle real estate,
hotel and tourism industry sector includes the following services:
– Market and financial feasibility – Transaction service – assisting in
we do for
study – assessing project sites, the sale of greenfield projects that
locations and markets in order to are in the development phase as
provide comprehensive financial well as existing golf courses and
analysis to assess potential resorts through the preparation of
investment returns. investment memoranda and the
you?
selection of potential buyers.
– Project conceptualisation and
investment planning – developing – Operational review – assessing
realistic and implementable existing facilities and market
concepts with short, medium and opportunities in order to provide
long term investment planning. strategies for profit enhancement.
– Business plan – advising on – Supplier selection – assisting with
the strategic direction for the the identification and selection
realisation and delivery of of golf management companies,
project concepts from staffing to golf course architects and master
marketing and sales. planners.
– Project management – managing – Other advisory services –
and coordinating the project from economic impact assessment of
inception through planning up until large events and developments,
the start of construction. strategic advisory to government
bodies and regulators.
– Valuation service – preparing asset
and business valuations.
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global
organization of independent member firms affiliated with KPMG International Limited, a private English company
limited by guarantee. All rights reserved.
Global coverage with a focus on EMEA Albania
Preparation of a market and
Our team has worked on over 150 golf related assignments financial feasibility study, as well as
in 30 different countries in the EMEA region and beyond. conceptualization for a large mixed-
Together with the assistance of local KPMG member firms, use development on the Albanian
we are able to provide global experience combined with coastline.
local knowledge and expertise. Below we present examples KPMG services
of our credentials. Please contact us directly for more information.
Market and financial feasibility study,
conceptualization, economic impact
assessment.
Austria
Supporting the Austrian Golf
Association in their attempt to bring
the 2022 Ryder Cup to the country,
including the preparation of broad
evaluation of potential host venues.
KPMG services
Venue host evaluation
Croatia
Conceptualisation and feasibility
study for an integrated resort in
Croatia, which includes more than
450 residential units, a 250-room
luxury spa & wellness hotel, an 18-
hole Nicklaus designed golf course
and a 350-berth marina.
KPMG services
Market and financial feasibility
study, business plan and financing
application
Croatia
Preparation of a feasibility study of a
luxury leisure and lifestyle residential
resort with an 18-hole signature golf
course and amenities, a five-star
luxury hotel and 114 residential units.
KPMG services
Feasibility study
Cyprus
Assistance in the project
management at the planning phase
for a new 36-hole golf and lifestyle
real estate development on a former
landfill site in Cyprus. The project
also included the preparation of
the development concept, market
and financial feasibility study and
assistance in the selection of master
planner and two leading golf course
architects.
KPMG services
Project management assistance
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International
Limited, a private English company limited by guarantee. All rights reserved.Czech Republic Hungary Mozambique
Feasibility study and assistance Preparation of a market and financial Site selection and feasibility study
with the conceptualisation of a large feasibility study to help define a for a golf resort in Mozambique,
mixed-use development on the preliminary concept for a proposed including residential real estate, an
outskirts of Prague. hotel development within an 18-hole golf course, a hotel, safari
KPMG services operating golf resort to complement park and other leisure components.
the 18-hole international KPMG services
Conceptualisation and feasibility
championship golf course,
study Site selection and feasibility study
clubhouse and accommodation
Dominican Republic facilities. Oman
(outside of the EMEA region) KPMG services Strategic business plan and financial
Analysis of the inbound golf tourism Market and financial feasibility study appraisal for the golf component of
market in the Dominican Republic, The Wave, a mixed use community
and identification of potential
Italy development in the Sultanate of
opportunities to increase inbound Valuation of an existing golf club Oman.
golf tourists from the USA. in the north of Italy, with a 36-hole KPMG services
golf course and other on-site golf
KPMG services Market and financial feasibility study
facilities.
Market research
KPMG services Poland
Germany Valuation Recommendations on the
Supporting the German Golf development of a golf integrated
Association in their attempt to bring
Italy residential village in the north of
the 2018 Ryder Cup to Germany, Broad economic impact assessment Poland featuring real estate units,
including the preparation of a for the Ryder Cup 2022, to support a 9-hole golf course and various
socioeconomic impact study, as the Italian Golf Association with community and entertainment
well as an analysis and evaluation their winning bid to bring the 2022 facilities.
of the six potential German host Ryder Cup to Italy. KPMG services
venues. KPMG services Market and financial feasibility study
KPMG services Economic impact assessment and project conceptualisation
Ex ante economic impact study
Montenegro Portugal
Greece Recommendations on the Market study for the
Price benchmarking analysis of development concept for an conceptualisation of a large high-
residential real estate in upscale golf integrated golf resort project and its end integrated golf resort in the
developments in the Mediterranean main features, project positioning, proximity of Lisbon on behalf of the
region. financial appraisal and feasibility PGA European Tour.
analysis. KPMG services
KPMG services
KPMG services Market assessment
Market study
Market and financial feasibility study
Greece and project conceptualisation Qatar
Review of a business plan based Strategic business plan and financial
on a market analysis for a project
Morocco appraisal for a large-scale integrated
located on a 1,000+ hectare site. Business plan, operator search mixed-use development with a golf
Financial analysis of the phasing and and selection for a golf resort in component, a stadium and a science
price/volume assumptions for the Northern Morocco featuring a mix of exhibition park.
real estate units and other operating residential units, hotels, 18-hole golf KPMG services
components: three 18-hole golf course and other entertainment and
Market and financial feasibility study
courses, three hotels and other leisure facilities.
leisure and entertainment facilities. KPMG services
KPMG services Business plan, operator search and
Business plan review selection, design advisory
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International
Limited, a private English company limited by guarantee. All rights reserved.Russia Turkey United Kingdom
Assessment of the opportunities for Conceptualisation and market / Commercial, financial and tax due
developing and maximizing the value financial feasibility study for a large diligence on a prestigious golf club in
of 6,000 hectares of land outside of golf resort located near the Belek the UK on behalf of the buyer.
Moscow. Assessment of five market golf cluster. The resort is to feature KPMG services
sectors including golf, hotels, theme an 18-hole golf course, a boutique
Due diligence and transaction
parks, residential and wellness – then hotel with branded villas and
assistance
we developed a detailed market approximately 800 residential units.
concept planned in four phases. KPMG services United Kingdom
KPMG services Market and financial feasibility study Renewal of the business plan and
Market and site assessment for a benchmarking the operations of
leisure and real estate development United Arab Emirates a prestigious golf club against
(Abu Dhabi) the competition in the region
South Africa Comprehensive operational review and evaluate the operational
Valuation of an existing golf resort of two premium golf & country effectiveness of the club.
with development potential in one clubs. Then we benchmarked the KPMG services
of the most prominent locations in operations of the clubs against Operational review and business plan
South Africa. competitor facilities in the region analysis
KPMG services and evaluated the clubs’ operational
Valuation effectiveness.
KPMG services
Spain
Operational review
Commercial due diligence in
relationship to the acquisition of a United Arab Emirates
real estate development including (Dubai)
three golf courses, several thousand Review and advisory services
residential units, retail, hospitality on the operational and concept
and commercial facilities. recommendations of the golf
KPMG services component for a project which is
Commercial due diligence expected to be a part of a major
urban development in Dubai –
Switzerland featuring residential real estate and
Preparation of an independent the largest retail mall in the UAE.
market valuation of a prestigious golf KPMG services
club in Switzerland. The valuation Market and financial feasibility study
composed of an 18 holes golf and project conceptualisation
course, a XII century castle and a
club house.
KPMG services
Independent market valuation
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International
Limited, a private English company limited by guarantee. All rights reserved.Golf Benchmark
KPMG Golf Advisory Practice
in EMEA continues to identify
opportunities and add value
across the golf industry. Through
our thought leaderships, KPMG
undertakes various initiatives that can
help stakeholders in the golf industry
to make informed decisions.
In 2006 KPMG launched the
inaugural Golf Benchmark Survey,
one of the largest ever golf research
projects. The GBS is a market
intelligence initiative designed to
collect and share comparable golf
industry benchmarks. The primary
objective of the Golf Benchmark
reports is to allow golf courses to
compare their individual performance
against high, average, and lower
performers in their geographic
markets. Since its first launch, the
survey has been extended to new
regions including India, China, Japan,
South America and the Caribbean in
addition to several regional reports
within EMEA.
KPMG Golf Advisory Practice in
EMEA has also published a number
of additional market intelligence
studies under the Golf Benchmark
initiative, including the Golf Course
Development Cost Survey, the Value
of Golf to Europe, the Middle East
and Africa, Golf Participation Report
and the Golf Travel Insights report.
For more information on our thought
leadership and to download all our
reports free of charge please visit
golfbenchmark.com.
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global
organization of independent member firms affiliated with KPMG International Limited, a private English company
limited by guarantee. All rights reserved.Contact us
For further information about KPMG services,
please contact:
Andrea Sartori
Partner
Global Head of Sport
T: +36 1 887 7215
E: info@golfbenchmark.com
KPMG Golf Advisory Practice in EMEA
Váci út 31
1134 Budapest
Hungary
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity.
Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date
it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional
advice after a thorough examination of the particular situation.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization.
© 2021 KPMG Advisory Ltd., a Hungarian limited liability company and a member firm of the KPMG global organization of independent member
firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.You can also read
