HFT 1000 Chapter Notes - Chapter 11: Types Of Restaurant, Homeowner Association, Lennar Corporation
Document Summary
Private clubs are places where members gather for social, recreational, professional, or fraternal reasons. Members enjoy bringing friends, family, and business guests to their club. The new rich are now targeted and recruited for a variety of new hybrids also call themselves clubs. These newer clubs may have initiation cost and membership cost less than at some of the more established clubs. New clubs are born when a developer purchases a tract of land and builds a golf course with a clubhouse surrounded by homes or condominiums. There are approximately 14,000 private clubs in america. When the total resources of all the clubs are considered it creates an economic impact worth billions of dollars. Types of clubs: country clubs: have one or more golf courses, some with swimming pools and tennis courts, the clubhouse, locker rooms, lounges, bars and restaurants, and most have banquet facilities.
