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Pebble Beach
Pebble Beach
Isutani plan to sell golf course membership at higher price in US which is unusal for US golf course. Isutani had to obtain the approval of local county board of supervisers and the california coastal commission before the membership plan. However this approval process makes mysterious to new owner of Pebble beach.
Moritsu Isutani s Strategic Predisposition towards Purchase & Management of Pebble Beach
Isutani was no stranger to high finance golf courses. Was a very avid & competent golfer himself. He owned 9 golf courses in Japan & as many as 17 around the world. At the time of purchase of Pebble Beach, he was involved in 3 other major golf course development efforts within US:
A $30million golf course in San Fernando Valley, California A $200million golf course-casino complex in Las Vegas A $357million golf & hotel complex along Hawaii s Kona Coast.