ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club
March 14 2017 - 4:52PM
ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) –
announces the acquisition of Norbeck Country Club, a premier
country club in Rockville, Maryland, just north of Washington, D.C.
This marks the third acquisition this year for ClubCorp, which
plans a multimillion-dollar reinvention of the club that will
feature new dining amenities, and improvements and upgrades to the
club over the next two years.
“Norbeck Country Club is an exceptional, family oriented
full-service club – a profile that fits nicely into our portfolio
of clubs in the D.C./Maryland/Virginia area,” said Mark Burnett,
ClubCorp COO and president. “We are very excited to now offer our
members two outstanding clubs in the Maryland market.”
Additional clubs in the area include Eagle’s Nest Country Club
in Phoenix, Maryland, which ClubCorp acquired last month, Chantilly
National Golf and Country Club in Centreville, Virginia, River
Creek Club in Leesburg, Virginia, Piedmont Club in Haymarket,
Virginia, The City Club of Washington in downtown D.C. and Tower
Club Tysons Corner in Vienna, Virginia.
“From the beginning of this process, ClubCorp went above and
beyond to meet the needs of the club and the members, who couldn’t
be happier to now have ClubCorp on-board,” said Nick Bobruska,
president of the club’s board of governors. “With spring just
around the corner, we all look forward to taking advantage of our
new benefits and the many positive changes to come.”
ClubCorp held a town hall meeting and extensive focus group
interviews with members, which allowed company representatives to
gain firsthand insight into the club’s needs and how the member
experience could be enhanced.
Plans for the multimillion-dollar reinvention of the club
include bringing stylish and new dining and social features to the
clubhouse and patio plus improvements to other amenities at the
club. In addition, prior to the acquisition, the club began
extensive pool-area renovations and improvements that are scheduled
to be completed in advance of the Memorial Day weekend.
Set on 198 scenic acres, Norbeck Country Club offers 18 holes of
golf with gently rolling fairways and small greens – one of the
most beautiful and challenging courses in the Washington, D.C.
metroplex. Additional amenities include casual and upscale dining,
nine outdoor and three indoor tennis courts in a permanent tennis
structure plus extensive tennis programming and team play for all
ages and ability levels, an Olympic-size pool and wading pool.
Norbeck members will be eligible to participate in ClubCorp's
unique O.N.E. (Optimal Network Experiences) program, which provides
value-oriented benefits like 50% off a la carte dining at the
member's Home Club. In addition, members can enjoy benefits within
the Community and Worldwide including 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. ClubCorp owns or operates
a portfolio of over 200 golf and country clubs, business clubs,
sports clubs, and alumni 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 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.
Media:
Patty Jerde
972-888-7790
patty.jerde@clubcorp.com
Investor Relations:
Frank Molina
972-888-6206
frank.molina@clubcorp.com
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