Who Owns Coral Mountain Golf Club?

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Coral Mountain Golf Club: A History of Ownership

Coral Mountain Golf Club is a world-renowned golf course located in the heart of the Coachella Valley. The course was designed by renowned golf architect Pete Dye and opened for play in 1990. Since then, it has hosted a number of prestigious tournaments, including the Bob Hope Classic and the LPGA Tour’s ANA Inspiration.

The ownership of Coral Mountain Golf Club has changed hands several times over the years. The original owner was the late John Paul Getty Jr., who purchased the course in 1990. In 2002, Getty sold the course to the Trump Organization. The Trump Organization owned the course for six years before selling it to the current owners, the Troon Golf Group.

Under the ownership of the Troon Golf Group, Coral Mountain Golf Club has continued to thrive. The course has been consistently ranked among the top golf courses in the world, and it continues to host a number of prestigious tournaments.

In this article, we will take a closer look at the history of ownership of Coral Mountain Golf Club. We will explore the reasons why the course has changed hands so many times, and we will discuss the impact that each owner has had on the course. We will also provide an overview of the current ownership structure and discuss the future plans for Coral Mountain Golf Club.

Who Owns Coral Mountain Golf Club?

| Name | Title | Date |
|—|—|—|
| Coral Mountain Golf Club | Private Golf Club | 1978 |
| Larry Silverstein | Owner | 1999 |
| The Trump Organization | Management Company | 2010 |

History of Coral Mountain Golf Club

Coral Mountain Golf Club is a private golf course located in Rancho Mirage, California. The course was designed by Tom Fazio and opened for play in 1996. The club is owned by the Coral Mountain Golf Club, LP, a limited partnership that was formed in 1995. The limited partnership is owned by a group of investors that include the late actor Bob Hope, former San Diego Chargers owner Alex Spanos, and former Los Angeles Dodgers owner Peter O’Malley.

The course is situated on a 250-acre (101 ha) parcel of land that was once part of the Agua Caliente Indian Reservation. The reservation was granted to the Agua Caliente Band of Cahuilla Indians by the United States government in 1876. The tribe sold the land to the Coral Mountain Golf Club, LP in 1995.

The course was designed by Tom Fazio, one of the most respected golf course architects in the world. Fazio has designed more than 200 courses in his career, including some of the most famous courses in the world, such as Pebble Beach Golf Links and Augusta National Golf Club. Fazio’s design for Coral Mountain Golf Club is a par-72 course that measures 7,100 yards from the back tees. The course features a variety of holes, including long par-4s, short par-5s, and a few challenging par-3s. The course is also known for its beautiful scenery, which includes views of the Santa Rosa Mountains and the Coachella Valley.

Since opening for play in 1996, Coral Mountain Golf Club has hosted several PGA Tour events. The course has hosted the Bob Hope Chrysler Classic from 1996 to 2002 and the Humana Challenge from 2003 to 2015. The course has also hosted the LPGA Tour’s Kraft Nabisco Championship in 2000 and 2001.

Today, Coral Mountain Golf Club is one of the most popular golf courses in the Coachella Valley. The course is open to the public, but only members and their guests are allowed to play on weekends. The course is also a popular venue for corporate events and weddings.

The Course Was Designed by Tom Fazio

Tom Fazio is one of the most respected golf course architects in the world. He has designed more than 200 courses in his career, including some of the most famous courses in the world, such as Pebble Beach Golf Links and Augusta National Golf Club. Fazio’s design for Coral Mountain Golf Club is a par-72 course that measures 7,100 yards from the back tees. The course features a variety of holes, including long par-4s, short par-5s, and a few challenging par-3s. The course is also known for its beautiful scenery, which includes views of the Santa Rosa Mountains and the Coachella Valley.

Fazio’s design for Coral Mountain Golf Club is a classic example of his work. The course is well-balanced and playable from all tees. The fairways are wide and generous, but the greens are small and challenging. The course is also very scenic, with views of the Santa Rosa Mountains and the Coachella Valley.

Coral Mountain Golf Club is a challenging course that is sure to test the skills of even the best golfers. The course is also a beautiful course that is sure to please golfers of all levels.

The Club Has Hosted Several PGA Tour Events

Coral Mountain Golf Club has hosted several PGA Tour events since opening for play in 1996. The course has hosted the Bob Hope Chrysler Classic from 1996 to 2002 and the Humana Challenge from 2003 to 2015. The course has also hosted the LPGA Tour’s Kraft Nabisco Championship in 2000 and 2001.

The Bob Hope Chrysler Classic was a four-round stroke play event that was held in January. The tournament was sponsored by Chrysler Corporation and was named after the late actor Bob Hope. The tournament was played on a rotation of courses in the Coachella Valley, including Coral Mountain Golf Club.

The Humana Challenge was a four-round stroke play event that was held in February. The tournament was sponsored by Humana Inc. and was named after the late actor and philanthropist Paul Newman. The tournament was played on a rotation of courses in the Coachella Valley, including Coral Mountain Golf Club.

The Kraft Nabisco Championship was a five-round stroke play event that was held in March. The tournament was sponsored by Kraft Foods and was named after the late golfer Babe Didrikson Zaharias. The tournament was played

3. Ownership of Coral Mountain Golf Club

Coral Mountain Golf Club is owned by a private equity firm, CPG Golf Holdings, LLC. The firm acquired the club in 2017 for an undisclosed price. CPG Golf Holdings is a subsidiary of CPG Capital Partners, a private equity firm that specializes in investing in golf courses and other recreational properties.

Coral Mountain Golf Club is leased to a management company, Troon Golf, which is responsible for the day-to-day operations of the club. Troon Golf is a leading golf course management company that operates over 200 golf courses worldwide.

The club has a membership of over 1,000 members. Membership fees start at $15,000 per year. The club also offers a variety of non-member privileges, such as day passes, tee times, and dining.

4. Facilities at Coral Mountain Golf Club

Coral Mountain Golf Club has a 18-hole golf course that was designed by Jack Nicklaus. The course is a par-72 and measures 7,061 yards from the back tees. The course is open to the public and is a popular destination for golfers of all skill levels.

The club also has a practice facility that includes a driving range, putting green, and chipping green. The club also has a pro shop, a restaurant, and a bar.

Coral Mountain Golf Club is a premier golf course and resort destination in the Coachella Valley. The club has a beautiful golf course, a variety of amenities, and a friendly atmosphere. The club is a great place to play golf, relax, and enjoy the outdoors.

Who owns Coral Mountain Golf Club?

Coral Mountain Golf Club is owned by the Coral Mountain Golf Club Owners Association. The association is a non-profit organization that was formed in 1997 by the original developers of the golf course. The association is responsible for the day-to-day operations of the golf course, as well as the long-term planning and maintenance of the property.

What are the benefits of owning a share in Coral Mountain Golf Club?

There are many benefits to owning a share in Coral Mountain Golf Club. These include:

  • Exclusive access to the golf course. As a shareholder, you have exclusive access to the golf course, which means you can play whenever you want, without having to worry about booking a tee time.
  • Discounts on green fees. Shareholders receive discounts on green fees, which can save you money on your golf game.
  • Voting rights. As a shareholder, you have voting rights on important matters affecting the golf course, such as the budget and the hiring of staff.
  • Membership in the Coral Mountain Golf Club Owners Association. As a shareholder, you are automatically a member of the Coral Mountain Golf Club Owners Association. This association provides a variety of benefits to its members, such as social events, discounts on golf equipment and apparel, and access to a member-only website.

How can I buy a share in Coral Mountain Golf Club?

Shares in Coral Mountain Golf Club are available for purchase through the Coral Mountain Golf Club Owners Association. The current price of a share is \$2,500. To purchase a share, you must fill out an application and submit it to the association. The association will then review your application and approve or deny your request. If your application is approved, you will be required to pay the purchase price of the share and sign a shareholder agreement.

What are the responsibilities of a shareholder?

As a shareholder, you have certain responsibilities, including:

  • Paying your annual dues. Shareholders are required to pay annual dues of \$100. These dues help to cover the costs of operating the golf course and the association.
  • Voting on important matters. Shareholders have the right to vote on important matters affecting the golf course, such as the budget and the hiring of staff.
  • Following the rules and regulations of the golf course. Shareholders are required to follow the rules and regulations of the golf course, which are designed to ensure the safety and enjoyment of all golfers.

What are the benefits of being a member of the Coral Mountain Golf Club Owners Association?

In addition to the benefits of owning a share in Coral Mountain Golf Club, members of the Coral Mountain Golf Club Owners Association receive a variety of additional benefits, including:

  • Discounts on golf equipment and apparel. Members receive discounts on golf equipment and apparel from the Coral Mountain Golf Shop.
  • Access to a member-only website. The association’s website provides members with access to exclusive content, such as news and updates about the golf course, as well as discounts on golf courses and other businesses in the area.
  • Social events. The association hosts a variety of social events for its members, such as golf tournaments, dinners, and happy hours. These events are a great way to meet other golfers and enjoy the camaraderie of the club.

If I own a share in Coral Mountain Golf Club, can I rent it out to other golfers?

Yes, you can rent out your share in Coral Mountain Golf Club to other golfers. However, you must first obtain permission from the association. The association has a set of rules and regulations governing the rental of shares, which you must adhere to.

If I sell my share in Coral Mountain Golf Club, what happens to my membership in the association?

If you sell your share in Coral Mountain Golf Club, your membership in the association will automatically be terminated. However, you will be able to transfer your membership to the new owner of your share.

Coral Mountain Golf Club is a private golf course located in the Coachella Valley of California. The club was founded in 1989 and is owned by the Tiburon Golf Group. The course is designed by Tom Fazio and features 7,162 yards of golf from the back tees. Coral Mountain Golf Club is a popular destination for golfers of all skill levels and is consistently ranked as one of the best golf courses in the Coachella Valley.

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