Second Area Acquisition This Month Makes Chicago a Key Market for Company
DALLAS, January 21 2015 – ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – announces the acquisition of Rolling Green Country Club in Arlington Heights, Illinois, the company’s second purchase this year of a private golf and country club in northwestern Chicago. ClubCorp plans a $1.5 million-dollar reinvention project at Rolling Green that will include renovations and upgrades to the golf course, clubhouse and pool complex.
Earlier this month, ClubCorp previously acquired Ravinia Green Country Club, located in Riverwoods, Illinois. ClubCorp also currently owns and operates The Mid-America Club and The Metropolitan Club in downtown Chicago.
“We are very excited to be announcing this addition of a second private golf and country club in Chicago and even further expanding our presence in the area, which is quickly becoming one of our key markets,” said Eric Affeldt, ClubCorp president and CEO. “Our many members traveling to Chicago can now take advantage of two world-class private golf and country clubs as well as our two premier business clubs in the heart of downtown. ClubCorp looks forward to building upon the great traditions of the club, at the heart of the Arlington Heights community for 90 years.”
The addition of Rolling Green continues the expansion of ClubCorp’s overall portfolio of owned and operated clubs, which stands at over 200 clubs in 26 states, the District of Columbia, Mexico and China.
Rolling Green Country Club offers a scenic while challenging 18-hole, 6,536-yard golf course and practice facilities. Additional amenities at Rolling Green, known for its family friendly environment, include a recreation and fitness center, upscale and casual dining, and private event space that can accommodate up to 300.
“ClubCorp, which brings value to membership with its ClubCorp Network, has a commitment to capital improvements and a long history of success in the industry, and is a great fit for our members,” said Ted Stanaszek, board president. “They look forward to the future and taking advantage of their new benefits.”
Rolling Green members will be able to enjoy ClubCorp’s unique O.N.E. program, which provides value-oriented benefits at the member’s Home Club, in their Community and Worldwide benefits that include complimentary green fees and complimentary dining when traveling throughout the ClubCorp Network, which now offers access to more than 300 private clubs and special offerings at more than 1,000 hotels, resorts and entertainment venues.
About ClubCorp (NYSE: MYCC)
Since its founding in 1957, Dallas-based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives®. ClubCorp is a leading owner-operator of private golf and country clubs and private business clubs in North America. With its recent acquisition of Sequoia Golf, ClubCorp now owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 26 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings, Inc. is a publicly traded company on the New York Stock Exchange (NYSE: MYCC). ClubCorp properties include: Firestone Country Club (Akron, Ohio); Mission Hills Country Club (Rancho Mirage, California); The Woodlands Country Club (The Woodlands, Texas); Capital Club Beijing; and Metropolitan Club Chicago. You can find ClubCorp on Facebook at facebook.com/clubcorp and on Twitter at @ClubCorp.
SOURCE ClubCorp Holdings, Inc.