The Dallas-based owner and operator of country clubs, business clubs, and golf properties, has announced that its full-year revenue for 2014 was $884.2 million, with the fourth quarter alone bringing in $302.5 million.
ClubCorp, the Dallas-based owner and operator of country clubs, golf courses, private business clubs and golf resorts, has released its year-end financial results for 2014.
Highlights include:
- Full-year revenue up 8.5% to $884.2 million, fourth quarter revenue up 12.2% to $302.5 million
- In 2014, ClubCorp added more than 50 golf and country clubs and opened an alumni club at the new Baylor University football stadium in Waco, Texas. Thus far, in 2015 ClubCorp has acquired two Chicago-area clubs—Ravinia Green Country Club and Rolling Green Country Club—and as of March 5, 2015, ClubCorp’s expanded portfolio includes 203 owned or operated clubs, of which, 15 are managed clubs.
- Since 2007, ClubCorp has reinvented 54 clubs—25 percent of its current portfolio—and will spend $42.1 million reinventing 29 more clubs in 2015.
“Fiscal 2014 was an outstanding year for us,” said Eric Affeldt, President and CEO. “In our first full fiscal year as a public company, we did exactly what we set out to do at our IPO—namely, deliver on our commitment to grow the business organically, through reinvention and via strategic acquisitions. Membership sales remain strong, acceptance of our O.N.E. product continues to climb, and our reinvented clubs and recent acquisitions continue to drive results.”
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