ClubCorp, Dallas, has acquired Brookstone Golf & Country Club, Acworth, Georgia, for an undisclosed amount, the company announced on Aug. 1. As part of the deal, ClubCorp is financing a major renovation project at Brookstone that will update the club's golf, dining and aquatics spaces, as well as add a new fitness center.
“Brookstone Golf & Country Club—with outstanding golf and an active membership—fits perfectly into our portfolio of clubs," ClubCorp CEO David Pillsbury said in a media release. "With the planned renovation, Brookstone will become even more of a lifestyle club, giving more value to membership and helping members connect at new levels—with their families, their friends and their health and wellness. As pleased as we are to welcome Brookstone to the ClubCorp family, I believe the members will be even more pleased with their ‘new’ club once the remodel is complete.”
Brookstone currently offers a 6,800-yard, par-72 golf course designed by pro golfer Larry Nelson. Its amenities include casual and upscale dining options, an Olympic-size swimming pool, locker rooms, tennis courts and a pro shop.
Brookstone members will be able to join ClubCorp's Optimal Network Experiences (O.N.E.) program, according to the release, which offers exclusive discounts at members' home clubs.
ClubCorp owns and operates 30 golf and country clubs in the greater Atlanta area. Brookstone, located approximately 30 miles north of Atlanta, is the company's third club in the northwest Atlanta market, which includes Eagle Watch Golf Club in Woodstock and Bentwater Golf Club in Acworth.
Globally, ClubCorp owns or operates more than 200 country clubs which serve over 430,000 members. The company was founded in 1957.
In July 2017, ClubCorp reached a buyout agreement with the affiliates of private equity firm Apollo Global Management for approximately $1.1 billion and subsequently ceased public trading.
ClubCorp ranked fifth on Club Industry's Top 100 Health Clubs of 2018 list, reporting $1.19 billion in 2017 revenue. This represented an increase of 1.9 percent from 2016.