| Carbone Golf Properties is utilizing
the development, construction and financing expertise of the R.P. Carbone Companies
to take advantage of the opportunity presented by a current increased interest
in golf. With the assistance of team members from Carbone Hotel Properties,
Carbone Golf Properties is focusing on new hospitality-related products and
services to accommodate the corporate segment of the 27 million golfers currently
playing over 470 million annual rounds of golf and spending in excess of $15
billion. As the "baby boomer" market segment fuels a 50% growth of over 200
million additional rounds during the next ten years, Carbone Golf Properties'
new program has been designed to offer business travelers four-star, all-suite
hotel accommodations in a country club atmosphere on signature golf courses.
Working closely with recognized leaders in golf course ownership and management, national consulting groups, and leading financial institutions to identify signature, candidate golf courses located in strong commercial lodging markets, Carbone Golf Properties is pursuing the exciting initiative of developing a premier portfolio of properties over the next five years. Designed to provide our guests a "country club away from home," each all-suite hotel property will be developed adjacent to the clubhouse and will utilize the existing food and beverage and meeting room facilities. Guests will receive preferred tee times in this full-service, personalized environment dedicated to offering the corporate golfer a country club experience.
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