UPDATE: ClubCorp Acquires Seven Golf and Country Clubs from Toll Golf
November 01 2019 - 2:04PM
ClubCorp – The World Leader in Private Clubs® – announces it has
acquired seven premier lifestyle golf clubs in residential
communities located on the East Coast from Toll Golf, the golf and
country club division of Toll Brothers, Inc. (NYSE:TOL), the
nation’s leading builder of luxury homes. The clubs, which offer a
variety of lifestyle amenities such as upscale, resort-style golf,
tennis, fitness, aquatics, sports and dining, include:
- Belmont Country Club in Ashburn, Virginia – a
private country club offering an 18-hole Arnold Palmer Signature
golf course, Golf Academy, 20 acres of practice facilities, dining
room, ballroom and banquet facilities, sand volleyball court and
tennis courts
- Dominion Valley Country Club in Haymarket,
Virginia – a private country club offering an 18-hole Arnold Palmer
Signature golf course, tennis, indoor basketball court, and Sports
Pavilion with fitness facility, playground and three swimming
pools
- Regency at Dominion Valley Country Club in
Haymarket, Virginia – a private country club featuring an 18-hole
Arnold Palmer-designed golf course
- Brier Creek Country Club in Raleigh, North
Carolina – a private country club featuring an 18-hole Arnold
Palmer Signature golf course, tennis courts, pool with waterslide
and kid-friendly splash zone, ballroom and banquet facilities
- Hasentree in Wake Forest, North Carolina – a
private club offering an 18-hole Tom Fazio-designed golf course,
clubhouse, 13,000-square-foot Family Activity Club, tennis courts,
and café
- Jupiter Country Club in Jupiter, Florida – a
private club with an 18-hole Greg Norman Signature golf course,
swim and racquet facility, family resort-style pool, tennis courts,
and café
- Oak Creek Golf Club in Upper Marlboro,
Maryland – a public golf club featuring an 18-hole Ault
Clark-designed championship golf course and public restaurant
“We are excited to announce the addition of these exceptional
lifestyle clubs to our portfolio and welcome their members and
employees to the ClubCorp family,” said ClubCorp CEO, David
Pillsbury. “Our focus is ensuring members experience every aspect
of club life at its best – the fun and camaraderie, sports, health
and wellness, and enhanced benefits – at the club level, in the
community and while traveling around the world. We are now honored
to help our newest members achieve the life and lifestyle to which
they aspire.”
“Toll Brothers has done an outstanding job investing and
reinvesting in their clubs, which are in ideal locations near some
of our key markets,” said Tom Bennison, ClubCorp Chief Development
Officer. “We are so pleased to add these clubs to the ClubCorp
Network.” “After visiting the clubs and meeting the staff at each
one, I couldn’t be more excited about the opportunity to begin
working with the teams, who share our values and commitment of
providing extraordinary experiences to the members,” said Bob
Morse, ClubCorp Chief Operating Officer. “As a leader
in the industry, ClubCorp brings the highest standards of
operations and an ever-expanding network of reciprocal privileges
and products,” said Douglas C. Yearley, Jr., Chairman and
CEO of Toll Brothers. “This is the best fit for these clubs
moving forward and a highly advantageous move for the members, whom
I know will enjoy their new benefits.” Members of these seven Toll
Golf clubs will have the opportunity to obtain access to ClubCorp’s
industry-leading network of private clubs, services and
benefits.
About ClubCorp 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 stadium clubs
in North America. ClubCorp owns or operates a portfolio of over 200
golf and country clubs, city clubs, sports clubs, and stadium clubs
in 27 states, the District of Columbia and two foreign countries
that serve over 430,000 members, with approximately 20,000
peak-season employees. 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 The Metropolitan in Chicago. You
can find ClubCorp on Facebook at facebook.com/clubcorp and on
Twitter at @ClubCorp.
Media Contact: Patty
JerdeClubCorp972-888-7790patty.jerde@clubcorp.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a74e5da2-75ba-4f0b-a834-a905b1358c9f
https://www.globenewswire.com/NewsRoom/AttachmentNg/78c4443c-9702-431e-976f-250da352700c
Toll Brothers (NYSE:TOL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Toll Brothers (NYSE:TOL)
Historical Stock Chart
From Apr 2023 to Apr 2024