Heritage takes over another Textron Financial course

Heritage Golf Group signed its fifth management agreement with SPE GO Holdings, this time to provide oversight of the operations at The Eagles Golf Club in Tampa, Florida.

SPE GO Holdings, which operates under the name of Great Oaks Golf, is a subsidiary of Textron Financial. It is run by Jerry Hinckley, senior vice president and managing director for Real Estate Assets, at Textron Golf Finance Division. It is a golf course ownership entity that was set up in 2009, soon after Textron announced it would “exit all of its commercial finance businesses, other than that portion of the business supporting the financing of customer purchases of products manufactured by its parent company, Textron Inc.”

SPE GO Holdings currently lists 28 courses on the Great Oaks golf website, not including Tapatio Springs Golf Resort near Boerne, Texas. Textron, which had held a $15 million 1998 loan, acquired Tapatio at auction in June for $4.5 million. The Great Oaks Golf website lists 20 courses that are currently for sale.

"It's a fluid thing," Hinckley said about the number of properties the company currently has for sale. He said Textron will continue to use a variety of brokers and operators — including Heritage, Affinity Golf Partners and Touchstone Golf.

The Eagles Golf Club is Heritage Golf Group’s sixth management business relationship since 2010, bringing the Heritage Golf Group portfolio to 27 owned and managed courses. Heritage continues to expand its business model to offer golf management and consulting services to owners. 

“Under this new management agreement with SPE GO Holdings, we will provide unique personal attention to the operation utilizing the significant resources that we have available in the immediate market area,” said Andy Crosson, Executive Vice President of Heritage Golf Group. “

The Eagles Golf Club features two 18-hole golf courses — The Lakes Course and The Forest Course. In addition to golf, The Eagles offers amenities including practice range, swimming pool and playground area.

Heritage also recently announced that it entered into a strategic partnership with Life Fitness, a commercial fitness equipment company. The alliance is intended to bring high-end fitness equipment and certified personal instruction to the company’s private club Members. It will provide members with the same workout and personal instruction that is offered through the Titleist Performance Institute.

In other news, Heritage announced that Palmetto Hall Plantation Club on Hilton Head Island, South Carolina, has once again earned certification as a designated Certified Audubon Cooperative Sanctuary through the Audubon Cooperative Sanctuary Program for Golf Courses, an Audubon International program. Heritage has a total of seven Audubon Sanctuaries in The Heritage Collection. 

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