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Article: JAPANESE FUEL BOOM FOR GOLF COURSES IN SUN BELT
- Article from:
- THE JOURNAL RECORD
- Article date:
- March 12, 1991
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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All it takes is land, sand, water, a few little flags and some
holes. And, of course, impeccaby groomed grass.
There is a golf course boom in the Sun Belt. It is fueled in
large part by Japanese investors who have fallen in love with the
sport and who often are paying the asking price for ritzy golf
resorts.
Already Japanese investors own more than 25 golf courses in
California and a similar number in Hawaii, as well as nearly 100
others in the United States. In fact, selling golf courses to the
Japanese has become such a hot business that it has spawned its own
newsletter, the Japan Golf Investment Report.