The Walden Group has acquired Dove Valley Ranch Golf Club in Cave Creek, Longbow Golf Club in Mesa, and Power Ranch Golf Club in Gilbert. Thompson Golf Management will continue to handle operations for all three clubs.
Golf course transactions are becoming increasingly sophisticated, with private clubs, daily-fee facilities, resort properties and multi-course portfolios attracting different types of buyers.
Fairway Advisors arranged the sale of Apple Mountain Golf Resort, a Northern California property known for its scenic setting and strong regional following.
Callaway announced last week that it had reached a deal to sell its majority stake in Topgolf for $1.1 billion to Leonard Green, a private equity firm based in Los Angeles.