Hidden Hills Golf Course (1993)

Hidden Hills Golf & Country Club

5001 Biffle Rd Stone Mountain, GA 30088

Introduction
With the downturn of the economy many great real estate deals are available. The Hidden Hills Golf Course community is an excellent case in point. At one time it was one of the more desired communities to live in. The jewel at the center of this sub-division was a 186-acre pristine golf course. Today that course is an overgrown eye sore and the center of a heated debate as residents try to make the best of an asset that has become a burden. Thus, Clayton Development (CD) has developed a strategy to restore the golf course to a level that is above its previous GREAT LOOKS and to PGA Standards and provide access to additional services that will revitalize the community and attract not only area residents but professionals as well.

Phase 1: Purchase and Restoration

The Purchase of the Golf Course: The Hidden Hills Golf Course & Country Club is 186 Acres and the purchase price is $6,000,000.00. It is estimated that an additional $2,000,000.00 is necessary to revamp the course back to its previous GREAT LOOK and then raise it to PGA standard. According to an MIA appraiser, once the restoration is completed the value of the course could range between $18,000,000.00 and $33,000,000.00. My Strategy for this is to utilize certain secrets in the process that will allow us to increase the golf courses beauty and value to a level that is equal

if not better than East Lakes Golf Course current condition and look. Yes!! SECRETS!!!

Mission Clayton Development revitalizes underserved minority communities. The goal is to create multiple sources of income. Not just the golf course. Objectives Restoration of the Hidden Golf Course requires the following:
1. 2. 3. 4.

5.

Repairing and replacement of the irrigation system Grooming, cutting, and landscaping of greens, fairways, and tees to PGA standards Repairing golf cart trails Rebuilding of the Club House, which will contain the following Tennis Center with a 300-seat stadium. Dual indoor heated swimming pools (One Pool is a Lap Pool for area meets and the second is a superheated exercise pool for the elderly) Separate locker rooms for Golfers, Tennis players, and Swimmers Restaurant/Banquet Area/Multi-Purpose Area with a commercial kitchen Snack bars for each and a mobile one for the golfers. Implement a First Tee program for the youth of the surrounding community

Marketing Strategy Clayton Developments marketing strategy entails the re-naming of the golf course after a beloved famous golf figure, as well as providing services that currently are not conveniently located to the surrounding communities, such as: 1. A state of the art indoor/outdoor Tennis and Swim Center 2. A First Tee Golf Program

Financials Assumptions 1. The purchase price of the golf course is six million dollars ($6,000,000). 2. The renovation costs are two million dollars ($2,000,000).

3.

4.

Construction of the New Club House, which includes new locker rooms, a Tennis Center, Dual indoor swimming pools, a restaurant w/commercial kitchen, and snack bar are estimated at a cost of three million dollars ($3,000,000). The Contingency fund is one million dollars ($1,000,000).

Phase 2: Club House/Tennis-Aquatic Center

The current Club House will be rebuilt and expanded to include a Tennis-Aquatic Center. The cost of the Tennis-Aquatic Center is estimated to cost $3,000,000.00 with an estimated value between $9,200,000.00 and $16,700,000.00.

Club House A state of the art green energy building will replace the current club house. It will include a restaurant & bar, ballroom, locker rooms, and offices. Tennis Courts In addition eight tennis courts will be developed, one of which will have 300 stadium seats surrounding it. The tennis patrons will-not share the same locker room facilities as the golfers. Aquatic Center This facility will have two heated indoor pools and an outdoor water park. One of the indoor pools will be designed for use by the elderly and the other pool will be multipurposed (i.e. swimming meets, lessons, laps, etc.) and have the added feature of a viewing area. Locker rooms fully equipped showers, and standard bathroom facilities are also included. Financials Assumptions The purchase price of the golf course is six million dollars ($6,000,000). The renovation costs are two million dollars ($2,000,000). Construction of the New Club House, which includes new locker rooms, a Tennis Center, Dual indoor swimming pools, a restaurant w/commercial kitchen, and snack bar and restaurants are estimated at a cost of three million dollars ($3,000,000). The Contingency fund is one million dollars ($1,000,000). Exit Strategy

With 186 acres several options exist: 1. Sell the course at a profit 2. Reduce the golf course from 18 holes to 9 holes and redevelop parts of the former holes and fairways into residential lots. Before heading in this direction it is important to know and understand the dynamics of the county and state with regards to this. We must do all that we can before we attempt to reduce the size of the golf course and understand that our failure to do just that will result in county and state wide repercussions. 3. Reduce the golf course from 18 holes to 9 holes and build a retirement community on the former holes.

Cost Summary Project

Golf Course Club House/ Tennis-Aquatic Center

Cost
$8,000,000.00
$3,000,000.00

Value
$18,000,000.00 to 33,000,000.00 $9,200,000.00 to $16,700,000.00

Contingency
TOTALS:

$1,000,000.00 $12,000,000.00

$27,200,000.00 to $49,700,000.00

Please allow me the opportunity to explain in person and in detail, the secrets of this project! Thank you in advance for your time and consideration. Respectfully Submitted, Wynne DOC Clayton CLAYTON DEVELOPMENT, INC. 678.707.9119 doc@mail.com doc@2cd.us www.2cd.us