ClubCorp Announces Continued Growth, Oakhurst G&CC Acquisition, and Eric Affeldt’s Pending Retirement

By | April 12, 2017

The management firm reported its twelth consecutive quarter of growth while saying it would not pursue being acquired for the time being, noting that it had not received a purchase proposal for the entire company. The acquisition of Oakhurst G&CC in Clarkston, Mich., is ClubCorp’s fourth this year. Eric Affeldt will retire as Chief Executive Officer upon appointment of a successor.

ClubCorp Develops The Collective in Seattle

By | April 11, 2017

ClubCorp and Alexandria Real Estate Equities have announced plans for the facility, which is slated to open in March 2018. The 15,000-sq. ft. space will feature 22-foot ceilings, a bar, collaborative workspaces and multimedia area, an urban spa, a boutique bouldering gym, bicycle storage, and locker room area.

Life Time Fitness to Replace Two Houston Tennis Clubs

By | April 6, 2017

The national fitness chain is planning a major reconstruction of The Houston City Club to convert it into an 89,000-sq. ft. fitness facility after it closes this summer. The company also plans to begin operations in the Galleria Tennis & Athletic Club by April 13.

Bernardo Heights CC Completes $2.5M Renovation

By | March 23, 2017

The six-month project at the San Diego property created a great room with an open-faced bar, lounge with modern seating and a communal table, a new menu with local craft beers on tap, and an updated lobby with custom-made ironwork. Other renovations include an enlarged formal dining room, a new fine-dining area with fireplace, and an outdoor veranda that has doubled in size.

Maryland, Florida Properties Undergo Management Transitions

By | March 15, 2017

ClubCorp has acquired Norbeck Country Club in Rockville, Md., with plans for a multimillion-dollar renovation of the property’s dining amenities, social features, and other amenities. The city of Gulf Breeze, Fla., is in negotiations with Troon to take over operations of Tiger Point Golf Club, which has been managed by Integrity Golf since 2015.

ClubCorp Reports Sixth Consecutive Year of Record Revenue

By | February 23, 2017

For 2016, ClubCorp’s revenue increased $35.6 million to $1.1 billion, up 3.4%. Same-store clubs revenue increased $18.8 million to $1 billion, up 1.9%, driven by increases in dues (up 3.1%) and food-and-beverage (up 2.4%), while new clubs opened or acquired in 2015 and 2016 contributed $51.3 million in revenue.