ClubCorp Shareholder Encourages Company to Sell

By | September 16, 2016

FrontFour Capital, which owns around 3.4% of ClubCorp’s outstanding shares, criticized the company’s stock performance, which is down nearly 36% over the past 12 months, and urged the company to sell a select number of non-core, lower-returning clubs to help pay down debt. ClubCorp said it appreciated the shareholder feedback, but is confident in its business strategy.

University Club of Jacksonville (Fla.) to Close After 48 Years

By | September 15, 2016

The ClubCorp-operated facility will close its doors on December 20, noting that the closure is a business decision. Three local clubs, Deercreek Country Club, Marsh Creek Country Club and Queens Harbour Yacht & Country Club, are offering preferred memberships to University Club members.

ClubCorp Acquires Heritage GC

By | August 31, 2016

The owner and operator of golf and country clubs plans to spend more than $1 million on improvements to the clubhouse, golf course and practice facilities at the Hilliard, Ohio club. The property features an 18-hole P.B. Dye-designed golf course, clubhouse with casual and upscale dining, and private event space.

Mission Hills CC Launches Reinvention Project

By | August 29, 2016

The multimillion project at the ClubCorp property in Rancho Mirage, Calif. is scheduled to be completed this fall. The renovation will update the clubhouse foyer and entrance, add a new “Touchdown Room” with a private work zone, improve the Dinah Shore Boardroom, create a new “Anytime Lounge” with a media area, add two dining rooms including the upscale Oak Room, create new climate-controlled wine lockers, and completely renovate the men’s locker room.

ClubCorp Set to Help Unveil Champions Club at Doak Campbell Stadium

By | August 15, 2016

The $80 million project for fans of Florida State University football in Tallahassee, Fla. is on schedule to be completed in time for the Seminoles’ September 10th home opener. The 20-year partnership between ClubCorp and Seminole Boosters, Inc. represents “the second generation of alumni clubs” and involves more than 5,000 outdoor seats, 70,000 square feet of air conditioned space and 34,000 square feet of covered rooftop terraces.