This $350 Million Golf Resort Built By A Former Greeting Card Mogul Is One Of America's Best
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- čas přidán 17. 06. 2024
- Mike Keiser turned a patch of coastal Oregon into Bandon Dunes, the unlikely home of some of the world’s best golf courses. Now he’s expanding the resort with a simple strategy: If he builds it, they will come.
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0:00 Introduction
1:21 All About Mike Keiser's Golf Investment- Bandon Dunes
5:55 Mike Keiser's Upbringing And Inspiration To Build A golf Course
9:23 Keiser Meets A Designer That Changes The Game
10:26 How Bandon Dunes Set Itself Apart From The Competition
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I’m a huge fan of Bandon, absolutely love it, have nothing but good things to say about it, have recommended it to dozens of people and would love to go there every year, but for Mike to say it’s affordable, he’s out of touch with what’s affordable (and I say that with all due respect). Comparing your price to the price at Pebble Beach is ridiculous and just a way to justify what you are charging. As mentioned Bandon is booked 18 months, or more, ahead so people are paying the price. Good for them. It’s a huge success and congratulations but please don’t say it’s affordable, at least not for the average working person.
Yea that was my thought if it was “affordable,” it would be packed
If it has an 18 month waiting period they could probably increase the price quite a bit and still be fully booked ……I agree $1400 for foursome is really stretching what “affordable” is
I love Bandon. Each year the rates continue to climb, however. $350 this summer is turning into $370 in 2025 (on their website). If you’re an Oregon resident (👋) there’s no discounted rate in the summer which makes the courses completely unaffordable. It’s $400 which will go up to $420 in 2025 (also on their website). Bandon has a lot to offer, and supply and demand means they can charge more, but they need to reassess the definition of affordable golf, especially for those living in Oregon.
I played Pacific Dunes in 2013. It was the experience of a lifetime, down to the bartender. The caddie was expert, the greeter was so generous. He knew my name when I stepped out of my car. Bannon is magical.
This place is special, no pretense, amazing food for very reasonable prices and a practice facility second to none. Spending another two weeks there this July so our son can dial his game on the practice facility
Hello Mike,
We met several years ago in Buffalo.
Our father's worked together at Hugh Johnson and Co.
Congrats on your success!!
problem with the thesis is bandon is not affordable anymore
Not true. I've gone in the winter the last few years and played all 4 courses for the cost of 1 round at Pebble or half of one round at TPC Sawgrass.
It's not cheap, especially when you factor in the travel. But as a resort it's affordable. The $350 he mentions is peak season rate, and your second round of the day is half that (most visitors play 36 a day). It's golf weather year round though. I've gone twice, both times in March. Currently March rates are $175/$90 replay, and there is plenty of daylight for 36.
Not for most of us.
Got to visit Bandon this past May....what a beautiful place. Can't wait to go back in 2 years.
Played Bandon and Pacific as guests of Mike’s back in 2002 when there wasn’t much there other than a couple golf courses and a trailer for a golf shop. Amazing to see the property today and look forward to getting to some of his Cabot properties this summer.
I played at Bandon Dunes and you’ll be hard pressed to get out of there for less that $1000.00in peak . This yarn doesn’t tell the full story . Maybe if you bring a mobile home and sleep in the parking lot if they’ll let you because there’s literally no place to stay . It’s so far from any place with hotels and food , drink . A caddy is essential at $150 minimum . When you’re on these premises you’re literally captive guests. Now the golf can be amazing or miserable depending on the weather. I’d probably not go back because there are loads of resort style golf courses that allow non guests all the way up the California coast.
Lovely course.
Went in 2008, returning this July. In between we have played most of the 'great' golf destinations, and Bandon remains THE best of them all.
Love that man, so lucky I get to call this place home and walk these courses every day.
Many thanks Mr Keiser. The world needs more of your ilk.
I caddied there for almost ten years. It’s golf heaven.
Gorgeous, inspiring, genius. God bless Mike Keiser.
Thank you Mike! It is affordable for most budgets if you go during the off season. It is so nice to have access to some of the best courses in the world. Mike is tuned in to the Nature of the Game. Thank you!!
A brilliant person can give credit where it's due. That's humbleness.
Love this. Really cool of him
Got to make the trip
Mike is wringing as much cash as he can out of Bandon, but he knows how to write a sappy greeting card. Sand Valley in Wisconsin is $295 in the high season in Neekosa, WI. “I care about the environment” was not part of the development process, but “sustainability” is important. Bandon is nice but it’s not Pebble Beach and to compare the two is like Toyota comparing themselves to a Ferrari.
Once at Bandon, you’re stuck. It’s not cheap at all for anything. A $15 bottle of wine in town is $70. It’s for mid range executive buddy golf trips.
It’s a very fun course though.
More Mike Keisers please 😊
Rates start at $140 per in January for non residents but who wants to play in 40 degree weather? There is no carts so there goes another $150. If you are staying there the so called reasonable fees become about the same as Pebble Beach all in after a few days. It looks amazing and I will cough up the dough at some point but I'm not buying the benevolence for the common man sub story!
Smart man with a vision -- and wise enough to hire professional golf course architects.
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I was thinking about using this your picture from your profile for the art piece if that’s fine by you?
Love it
Michiganers are aware of the best secret of American beauty, inside and out. People resources too! Happy 19th guys🥰
"Golf should be open to all and affordable"
$350 green fee!
He thinks that’s affordable to everyone cause he’s a billionaire who knows nothing outside of his gated community and rich friends lol
Id go, but for the beach.
The beach actually sucks. It's usually extremely cold with whipping winds.
Mr Kaiser wearing a Ballybunion top?
He looks like Mr.Rogers.
Nothing on this interview about his love of golf. Is he a golfer? Does he play? How often? When did he start?
1:31
Try listening
Great video but not exactly sure having a piece done in Forbes screams “affordable”…
TIGER WOODS. MOGUL.
how does he play golf if his hand shakes so much?
Same way Ozzy can sing, but barely speak... It's a different motion.
Medication probably helps him.
Are you serious? Have you no shame?
He started it 25 years ago. Unfortunately even billionaires age.
The Forbes magazine article explains that he was always an enthusiastic if middling golfer. Never professed to be a great golfer. Just loves the game. He has Parkinson’s Disease but can obviously still swing a club.
$400 per round during the summer is not affordable for everyone.
I suppose you could start at the local course in your hometown. Think municipal courses until you get a raise. 🤷
@@jackmehoff9819 Snarky but clueless. Mike keeps saying that it has to be affordable golf and then we find out the prices are insanely high. To be accessible to all, like he claims he found in the UK that inspired him, he should have set the model to be much lower in price.....especially since they rake in millions. You can be snarky all you want but 9 out of 10 regular people can't afford a weekend at Bandon so it's just become another Pebble whether Keiser wants to admit it or not.
You might go to their website to view the green fee structure. Summer months and even shoulder seasons can be quite high ($350 is the peak fee for a resort guest), but the price descends into the winter where I believe it is now $110 in Dec. & Jan. Spendy, but not out of range for the average golfer. Courses are playable year 'round with the main winter issue being more frequent rain. I've generally been lucky in Jan.-Feb. with occasionally brilliant weather. When you get that, you feel like you're stealing from the summer guests.
@@jackmehoff9819 🤣🤣 for sure!
@@johncorman8715 I'd be happy to pay... it was $600 at the Kiawah Ocean Course after tip... but that's not affordable for everyone. Definitely our local muni here in DC is $20-$30, but non-resident at Torrey Pines muni is $250-$300. I love golf. Decent player. Hard to make the sport accessible to everyone.
Let’s make it affordable at over $200 a round. That’s ridiculous.
Mark Twain said about ⛳ golf, a good walk ruined.
$350 is affordable? lol
2-300 rounds are affordable lol
It is $400 a round in the summer, not sure its nessesarly affordable, but much of the years its cheaper.
260,000 rounds per year ? C’mon
ala wai a muni golf in Hawaii was once the busiest golf course would do 200,000 easy and that was back in the day. There are more golfers now than ever before. you can't be this simple mike
Have golfed maybe 40 times in my life do not know the numbers. 260k rounds is unreasonable? Or his he exagerrating?
There are 5 courses.
@@thyslop1737 he's not saying himself. He's saying they have 700 visitors a day.
@@rockrugbyref Well, why don't they mention that? Much left out in the interview. Hatch job interview.
Must be a heck of a golf course for 350 million.
there are 6 golf courses on the resort and all are full (generally need to book 18 months in advance). (eg one foursome every 10 min x 6 course= 24 golfers every 10 min at $250 each = $36,000/hr. Plus it's in the middle of nowhere so all golfers are generally staying on site for multiday trips, so they capture all revenue for the stay (food, lodging, etc)
@@LLWCorp Would love to play it someday? To be good you neex to play probably twice a week. Love the game of golf. Problem? I probably play twice a year, if that. My presence there would be an injustice.
LOL AFFORDABLE GOLF!!
Does it have caddies? You say the private club experience. Go to Asia and every course offers caddies to the players. Don’t be fooled…American golf is a substandard experience.
Yes. Some of the best caddies in the world. The courses are designed to walk and based on caddie program.
Parkinson's?
Yes, I'd heard recently that he has Parkinson's. Wish him well, he doesn't seem the sort to feel sorry for himself.
$400 to hit a stupid ball around some rolling sand dune..😂 All the more reason to hate golf and golfers 😅
I play golf for about $12/round. It’s 4 hours of entertainment which is a very cheap form of entertainment - plus it’s got the health benefits of being outside and walking (I don’t use a cart).
I think your problem is with expensive rounds, not golf as a whole or golfers in general.
It’s nice but expensive actually too expensive
Too expensive? The courses are booked 18 months out. Let me introduce you to supply and demand.
$350 x 26,000 = 9 million +… and that’s 1 course on the property. Plus his 8 digit annual swag valuation.
So…. Let’s ease up off the Saintly virtue of the owner, shall we? It’s a long way from “truly affordable golf.”
Calm down.
350 is ridiculously cheap for a course of this quality.
@@PinkFZeppelin again, $350 is not a cheap price, or one that could be considered affordable.
@@PinkFZeppelin $126M revenue,$31M net profit in 2023, property wide. Clearly, there is room for a price drop to a more AFFORDABLE experience for the average golfer who wants to play the best courses without getting taken. Go cry in your $500 rain jacket that isn’t waterproof.
You wanna continue this one-sided argument, Richie Rich?
@@dbr3737 that means there is over 90 million in costs a year. As a business owner I personally prefer to make enough profit that I can have 2 years of costs on hand. That way I can keep the place open and my staff employed if the economy turns south. Then I need to set aside money for improvements such as adding another course. Lastly I need to manage scarcity. The wait list is 18 months long. The only way to manage that is to add another course, which costs money, or raise the price. Do you spend every penny you earn?
Go to any equivalent course and see how much you pay for greens fees if they even offer them. Most of them are members only and cost a down payment on a house. The market sets price, not costs. They are charging under market price hence the wait times.
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