Chinese investment group now owns 22 Myrtle Beach golf courses - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Chinese investment group now owns 22 Myrtle Beach golf courses

MYRTLE BEACH, SC (WMBF) – A company owned by a Chinese investment group has acquired a majority of National Golf Management's assets, and now has a vested interest in 22 courses in and around the Myrtle Beach area.

According to a news release from The Brandon Agency, a local public relations firm, the courses acquired by Founders Group International in the transaction are: The Long Bay Club, King's North at Myrtle Beach National, Pine Lakes Country Club, Grande Dunes Resort Course, South Creek at Myrtle Beach National, West Course at Myrtle Beach National, Myrtlewood Palmetto, Myrtlewood Pinehills, River Club, Pawley's Plantation, Willbrook Plantation and Litchfield Country Club. These courses, along with FGl's existing owned courses of TPC Myrtle Beach, Aberdeen, Burning Ridge, Colonial Charters, Founders Club, Indian Wells, River Hills, World Tour, Tradition Club and Wild Wing round out the portfolio.

Founders Group International's parent company is Yiqian Funding, which is primarily owned by Chinese investor Dan Liu, and Nick Duo, from New York. The acquisition represents the group's sizable investment in the Myrtle Beach golf industry, and makes it one of the largest employers in the area, according to the news release. There are no changes planned for current operational employees at any of the facilities.

“We are incredibly excited about this acquisition,” Nick Dou, president of Founders Group International, said. “Not only does it add 12 great golf courses to our portfolio, it adds a marketing engine, call center and high traffic websites that will help drive rounds and revenue. We now have a diverse and experienced management team made up of skilled golf industry veterans to help us continue our success into the future. We have made a substantial investment in the Myrtle Beach community and look forward to a bright future here.”

FGI's acquisition also includes National Golf Management's call center, known as “Tee Time Center,” its “Ambassador Golf” golf package operations, “Myrtle Beach Golf Trips,” several of the area's golf-related websites, and Golf Management's local membership program, “Prime Times.”

“Not long after their first golf purchase in the Myrtle Beach area in 2014, our board has been in touch with FGI, forming a closer relationship when we agreed to the sale of Aberdeen to them,” Bob Mauragas, president at National Golf Management, said. “Throughout this relationship, we've been very impressed, not only with their enthusiasm for golf in this market, but also with their willingness to invest significant capital in our community. Because of this, as well as a commitment to retain our team members, we decided that this was a great opportunity for our area and our parent companies.”

Founders Group International is now the foremost golf course owner-operator company in the Southeast, according to the news release, and has partnered with travel agencies in China to bring golfers and wedding parties to Myrtle Beach.

For more information about Founders Group International, visit www.foundersgroupinternational.com or www.mbn.com.

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