Stellar Asset Management (stellar-am.com) is delighted to announce the successful acquisition of Paultons Golf Centre (paultonsgolf.co.uk) from previous owners Crown Golf, on behalf of its Growth Portfolio Service investors.
As a PGA Business Club member, Stellar already has a strong portfolio of hotel and golfing resorts including Murrayshall Country House Hotel and Golf Club, The Marine Hotel in Scotland and numerous asset backed investments around the country. Stellar’s latest acquisition marks another bold venture into the vibrant leisure market as the company once again seeks to unlock the business potential in another outstanding facility.
The 150-acre site, located on the edge of the New Forest in Hampshire, boasts a 24-bay driving range, 18-hole course and a 9-hole par three course. In addition to its extensive golfing facilities, Paultons Golf Centre offers an idyllic location for weddings, events and private functions.
Working in partnership with PGA Professional and PGA South Regional Chairman Ben Blackburn, whose innovative and pioneering approach to drive the growth plans at Stellar Asset Management’s golfing assets, the site will undergo a major refurbishment, with the aim of modernising the clubhouse, event space and driving range.
Taking inspiration from current trends in the United States, in partnership with Toptracer the driving range will be transformed into an interactive family, sports and entertainment space, providing full-service food and beverages, sports bars and a multi-media private event space.
Toptracer Range delivers the same ball-tracking technology that traces the shots of the game’s best players on TV. This technology will be fully operational in the new range by September 29th, with an official launch event planned Friday, 18th October. This means the Paultons Golf Centre will be able to offer a fun, engaging, tech-driven experience that will appeal to seasoned players, range rivals, friends, family members and first-time golfers.
Jonathan Gain, Chief Executive of Stellar Asset Management, commented: “We are incredibly excited to welcome Paultons Golf Centre into our portfolio of properties and are looking forward to enhancing the potential of the golf course, clubhouse facilities and driving range for the benefit of our members and visitors.”
“The US market has seen an explosion in upmarket golf driving ranges. Given that the UK tends to follow US trends, this is an exciting space for us, and the popularity of both courses to members and public offers great potential for our investors.”