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ClubCorp Completes Acquisition of Six Clubs

ClubCorp, Dallas, has finalized the purchase of six more golf and country clubs. 

ClubCorp, Dallas, has completed the acquisition of six clubs it announced last month that it would be purchasing. The purchase price was $44 million.

The clubs are:

  • Bermuda Run Country Club in Bermuda Run, NC, a private country club offering 36 holes of championship golf, two clubhouses, an Olympic pool with lazy river and a tennis center.
  • Brookfield Country Club in Roswell, GA,  a private country club featuring an 18-hole golf course, clubhouse with banquet rooms, a pool, tennis and fitness facilities.
  • Firethorne Country Club in Marvin, NC, a private country club with an 18-hole golf course, clubhouse, water park with four pools and a tennis complex.
  • Ford's Colony Country Club in Williamsburg, VA,  a semi-private golf club offering three 18-hole golf courses, indoor and outdoor practice facilities, and a clubhouse with upscale and casual dining
  • Legacy Golf Club at Lakewood Ranch in Bradenton, FL, a public golf club featuring an 18-hole Arnold Palmer-designed championship golf course, practice facilities and grill.
  • Temple Hills Country Club in Franklin, TN, a private country club offering 27 holes of championship golf, a clubhouse, junior Olympic-size pool and tennis

ClubCorp plans a multi-million renovation of the clubs to add amenities, programming and a better member experience to each.

The addition of these six clubs continues ClubCorp's expansion of its overall portfolio of owned and operated clubs. Since 2010, ClubCorp has grown its portfolio of clubs by 33 percent, and now includes more than 200 clubs in 26 states, the District of Columbia, Mexico and China. ClubCorp's presence of golf and country clubs in Georgia, North Carolina, Tennessee, Virginia and Florida increases to 32, 10, two, eight and 13, respectively, and expands member's choices to visit more clubs in their local and regional communities.

The company ranked No. 4 on Club Industry's Top 100 Clubs list last year with reported 2013 revenue of $815.1 million, which included club operations, food and beverage, and other revenue. 

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