A Leader in the Industry for Over 25 Years

Hughes Reserves & Asset Management, LLC is a trusted Reserve Study and Capital Budget and Transition Study provider specializing in Private Country Clubs, Large Scale Resorts, Large Scale Homeowners Associations, Timeshare Properties, Fractional Ownership Properties, and Master Planned Urban Development. Hughes Reserves has been a leader in the industry for over 25 years. 

Country Clubs and Golf Courses

Resorts and Home Associations

  • Stowe Mountain Lodge, Lowe Destination Resorts, Stowe, Vermont, www.stowemountainlodge.com
  • The Village at Northstar, East West Partners, (Over $1 billion - 22 Associations www.villageatnorthstar.com Fractional, Whole Ownership, Timeshare, Condominium, and Commercial) North Lake Tahoe, California.
  • Suncadia Resort, Lowe Destination Resorts, Cle Elum, Washington. www.suncadia.com
  • The Resort at Squaw Creek by Lowe Destination Resorts, (Timeshare) Olympic Valley, CA. www.squawcreek.com


Jeff Dekruif, CMA, CHAE

Jeff Dekruif, CMAA, CHAE

Asst General Manager - Blackhawk Country Club - Danville, CA

Gotta give a shoutout to Norfleet "Buddy" Hughes and his team at CapEx Golf / Hughes Asset Management for performing the reserve study at Blackhawk. We have over $60 million in assets at our Club (we are a completely separate entity from the HOA) so a reserve study is critical for long range planning. Their cloud-based proprietary software was customized for our needs and automatically calculates what every single member category needs to pay every year and also factors in needs for aspirational capital and debt/capital lease payments. Buddy Hughes is the rockstar in this biz! Highly recommend them for Clubs!

Kit Kelly

General Manager, Chaparral Country Club

I have worked with Hughes Reserves over the past 15 years at a large scale Homeowner’s Association, a Four Diamond Resort Hotel and then brought them in to a gated Country Club Community when the Club was looking for a Reserve Specialist. I have found that Buddy Hughes understands the needs of all three segments of the industry listed above. He has continued to refine and improve his reserve program increasing flexibility and ease of use while producing the reports I need to make sound decisions. Equally important, Mr. Hughes is responsive and accessible. I have recommended Hughes Reserves to other managers without reservation and will continue to do so.