The management firm’s new CEO has an extensive background in major golf industry executive leadership positions, including American Golf, Nike Golf, PGA Tour Properties (TPCs) and the PGA Tour. President and COO Mark Burnett is transitioning out after 12 years in executive roles with the company. David Pillsbury has been named Chief Executive Officer of…
ClubCorp Partners with Topgolf, Acquires Medina (Minn.) G&CC
The strategic alliance will result in Topgolf providing new technology and benefits for ClubCorp members, and ClubCorp providing special offers and experiences at its properties. At Medina Golf & Country Club, ClubCorp plans to spend more than $2.5 million in two years to update the clubhouse, patio, golf course, practice facilities, and aquatics. Topgolf® is…
ClubCorp Announces Continued Growth, Oakhurst G&CC Acquisition, and Eric Affeldt’s Pending Retirement
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.
Maryland, Florida Properties Undergo Management Transitions
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 Acquires North Hills CC
The Glenside, Pa., club will undergo a multimillion-dollar reinvention under its new owner. The property features a championship golf course designed by J. Franklin Meehan, casual and upscale dining, swimming facility, and private event and meeting space.
ClubCorp Acquires Eagle’s Nest CC
The member-owned Phoenix, Md., club will see more than $1 million in capital projects at the property, bringing new amenities, improvements and upgrades to the club. The property is 47 years old and features an 18-hole championship golf course with one of the largest single collections of dawn redwood trees, as well as a clubhouse, eight tennis courts, Olympic-size pool and private event space.
ClubCorp Acquires Heritage GC
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.
Taking the Plunge
The management-firm pool continues to get broader and deeper, as more club, resort and golf properties decide they don’t want to face the post-recession world alone.
ClubCorp’s Year-to-Date Revenue Up 3.9%
The company’s second-quarter revenue was $269 million, an increase of $5.2 million over last year, and year-to-date revenue has increased by $18 million to $483.8 million. ClubCorp also announced the promotion of Mark Burnett to President and Chief Operating Officer.
ClubCorp Acquires Santa Rosa (Calif.) G&CC
The previously member-owned private club will undergo a multimillion-dollar capital project to bring improvements to the clubhouse, golf course, practice facilities, and pool. The club features an 18-hole parkland golf course, Mediterranean-style clubhouse, and tennis, swimming, and fitness facilities.
ClubCorp to Acquire Six Golf Clubs for $44M
ClubCorp plans to purchase Bermuda Run (N.C.) CC; Brookfield CC in Roswell, Ga.; Firethorne CC in Marvin, N.C.; Ford’s Colony CC in Williamsburg, Va.; Legacy GC at Lakewood Ranch in Bradenton, Fla.; and Temple Hills CC in Franklin, Tenn., from Stratford Golf Partners and Accord Golf Capital.
ClubCorp to Add Rolling Green CC as Second Chicago-Area Property
After acquiring Ravinia Green CC earlier in January as its first country club in the Chicago suburbs, the Dallas-based management firm is now set to add Rolling Green, which has existed as a private club for 90 years, to its portfolio.
ClubCorp Acquires Two TPC Facilities
TPC Michigan in Dearborn, Mich., and TPC Piper Glen in Charlotte, N.C., are the latest additions to ClubCorp’s portfolio, marking nine acquisitions for the club owner/operator in the past 12 months.
ClubCorp Acquires Chantilly National G&CC
The purchase of the private Centreville, Va., club marks the third acquisition in 2013 for ClubCorp. The operator will embark on an extensive multimillion-dollar renovation at the club that will improve the clubhouse as well as golf, tennis and pool areas.
ClubCorp Acquires Three New York-Area Golf Properties
Purchase of The Hamlet Golf & Country Club, Hamlet Willow Creek Golf & Country Club, and The Hamlet Wind Watch Golf & Country Club mark increased presence in Northeast.