GOLF COURSES
Ten U.S. golf clubs, three European properties
Before coronavirus: $271 million After infection: $217 million
The good news: It’s easy to social distance on a golf course. The bad news: Pricey clubs don’t do well in recessions. “The first thing that gets cut out of the diet is the golf budget,” says Jeff Davis, managing director of golf brokerage firm Fairway Advisors.