Health and Fitness Club Industry News: Chains
Thursday, April 25th, 2024
ClubLife Management Selected to Manage PGA National Members Club
Posted: February 6, 2019 in Chains
DALLAS, TX - ClubLife Management, a full-service management group dedicated to private clubs, premier resort and select daily fee golf courses, announces it will manage PGA National Members Club, the premier private country club at PGA National Resort & Spa in Palm Beach Gardens, Florida. Home of the PGA TOUR’s Honda Classic, PGA National offers five PGA championship golf courses and full country club privileges in a luxury resort setting. Read More...
ClubCorp Names Robert Morse Chief Operating Officer
Posted: January 30, 2019 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announces the appointment of veteran hospitality executive Robert Morse as Chief Operating Officer. With extensive hospitality operations experience that spans nearly 30 years, Morse brings valuable leadership to the executive team as ClubCorp transforms to a lifestyle company. As COO, Morse will focus on enhancing the member experience through improved and efficient day-to-day operations. Read More...
ClubCorp Acquires TPC Craig Ranch in McKinney, Texas
Posted: January 2, 2019 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announces the acquisition of TPC Craig Ranch, a premier, private club in the Dallas suburb of McKinney. Located on 233 acres of breathtaking countryside within a lifestyle community, TPC Craig Ranch features a Tom Weiskopf-designed championship golf course, ranked #18 on Golf Digest’s 2018 “Best Golf Courses in Texas” list. Read More...
ClubLife Management Signs On Boca Lago Country Club in Boca Raton, Florida
Posted: December 19, 2018 in Chains
DALLAS, TX - ClubLife Management, a full-service management division, sponsored by ClubCorp, dedicated to private clubs, premier resort and daily fee golf courses and city clubs, announces the addition of Boca Lago Country Club in Boca Raton, Florida, to its portfolio. Spanning more than 250 acres of manicured grounds, Boca Lago Country Club features 50 acres of scenic lakes and tropical landscaping with an abundance of natural wildlife. Read More...
ClubCorp Announces Joint Venture With BigShots Golf
Posted: December 12, 2018 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announced the company has purchased a controlling interest in BigShots Golf, a cutting-edge golf and entertainment company powered by BigShots Golf proprietary technology, to broaden the future of golf entertainment and recreation among every age group and interest. Read More...
ClubCorp Announces the Addition of The Ridge Club on Cape Cod
Posted: November 28, 2018 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announces the acquisition of The Ridge Club, a premier, family oriented golf and lifestyle club located in Sandwich, Massachusetts, on Cape Cod. Plans for capital improvements are currently being developed. ClubCorp acquired Brookstone Golf & Country Club near Atlanta this past July and opened The Collective, a new private club concept in Seattle in May. In recent weeks, ClubCorp also announced the launch of ClubLife Management, a comprehensive management services division for private clubs, destination resorts and premier daily-fee golf courses. Read More...
ClubCorp Enhances Offerings With Launch of ClubLife Management
Posted: November 8, 2018 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announced the introduction of ClubLife Management, a comprehensive management services division for private clubs, destination resorts and premier daily-fee golf courses. ClubLife Management establishes a new paradigm in third-party management uniquely poised to leverage ClubCorp’s unmatched reciprocal club network of more than 300 clubs, supplier purchasing power, innovation and continual enhancement to the member experience. Read More...
ClubCorp to Host Patriot Golf Day Tournament to Benefit Folds of Honor and George W. Bush Institute
Posted: October 2, 2018 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announced it will host the Patriot Golf Day tournament at 27 of their private country clubs across Texas to benefit Folds of Honor and the George W. Bush Institute’s Military Service Initiative. The tournament, scheduled on October 28, 2018, will raise donations and awareness for military veterans and their families. Read More...
ClubCorp Acquires Brookstone Golf & Country Club
Posted: August 1, 2018 in Chains
DALLAS, TX - ClubCorp announces the acquisition of Brookstone Golf & Country Club, a family friendly golf and lifestyle club located in the foothills of the North Georgia Mountains 30 miles north of Atlanta in Acworth. ClubCorp plans a major capital project that will completely renovate and redesign the dining spaces, add a new fitness center and enhance the aquatics, tennis and golf experiences. Read More...
ClubCorp Announces Leadership Transition
Posted: June 1, 2018 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announced that David Pillsbury joined the company as Chief Executive Officer effective June 1, 2018. Pillsbury has held numerous leadership roles in the golf industry over the past 30 years. Read More...
ClubCorp Stockholders Approve Acquisition By An Affiliate of Certain Funds Managed By Affiliates of Apollo Global Management, LLC
Posted: September 18, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC), announced that its stockholders approved the acquisition of ClubCorp by an affiliate of certain investment funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) at its special meeting of stockholders held September 15, 2017. Subject to the satisfaction of the remaining customary closing conditions, the transaction closed on September 18, 2017. Upon the closing of the transaction, ClubCorp stockholders were entitled to receive $17.12 per share in cash. Read More...
ClubCorp Provides Update on Impact of Hurricane Harvey
Posted: August 30, 2017 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - provided the following update regarding the impact of Hurricane Harvey on its clubs. Read More...
ClubCorp Reports Thirteenth Consecutive Quarter of Revenue Growth
Posted: July 20, 2017 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announces financial results for its fiscal-year 2017 second quarter ended June 13, 2017: Revenue increased $7.4 million to $276.4 million, up 2.7%, for the second quarter of 2017. Net Income decreased $5.0 million to $0.8 million, down 86.2%, primarily due to higher selling, general and administrative expense related to centralization and transformation of administrative processes, finance processes and related IT systems, and impairment of assets related to recently divested clubs. Adjusted EBITDA(1) of $62.9 million, up 0.1%. Read More...
ClubCorp Enters into a Definitive Agreement to be Acquired by Certain Investment Funds Affiliated with Apollo Global Management in an All-Cash Transaction Valued at $1.1 Billion
Posted: July 9, 2017 in Chains
DALLAS, TX and NEW YORK, N.Y. - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC), announced that it has entered into a definitive agreement with affiliates of certain investment funds (the "Apollo funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE:APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1 billion. The all-cash transaction represents a premium of approximately 30.7% over ClubCorp’s closing stock price on July 7, 2017. Read More...
ClubCorp Announces 5th Acquisition in 2017 With Purchase of Medina Golf & Country Club in Medina, Minnesota
Posted: June 22, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Medina Golf & Country Club, a formerly member-owned private club, in Medina, Minnesota, just west of downtown Minneapolis. This is the first club in Minnesota for ClubCorp, expanding the company’s presence to 28 states. ClubCorp plans to spend more than $2.5 million over the first two years to reinvent the club bringing new contemporary dining and lifestyle features to the clubhouse and patio, plus improvements to the golf course, golf practice facilities and aquatics. Read More...
Topgolf and ClubCorp Team Up to Accelerate Innovation for Golf Industry
Posted: June 20, 2017 in Chains
DALLAS, TX - Topgolf, a global leader in sports entertainment with the world's largest digital golf audience, is teaming with ClubCorp – The World Leader in Private Clubs (NYSE: MYCC) to grow interest and participation in golf among Topgolf's 10.5 million players and ClubCorp's 430,000 members. The strategic alliance will result in Topgolf providing new technology and benefits for ClubCorp members and ClubCorp providing special offers and experiences at ClubCorp clubs. Read More...
ClubCorp Reports 12th Consecutive Quarter of Growth, Announces Acquisition of Oakhurst Golf and Country Club and “The Collective” a New Club Concept
Posted: April 26, 2017 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announces financial results for its fiscal-year 2017 first quarter ended March 21, 2017. The first quarter of fiscal 2017 and fiscal 2016 consisted of 12 weeks. All growth percentages refer to year-over-year progress. First quarter revenue was $221.3 million, up 3.0%, net loss decreased $0.8 million to $7.5 million, and adjusted EBITDA was $43.7 million, up 4.2%; ClubCorp acquires Oakhurst Golf and Country Club in Clarkston, Michigan; ClubCorp signs lease to open a new concept business / social club "The Collective" in Seattle, Washington; Eric Affeldt announces his intention to retire from his role as Chief Executive Officer upon the appointment of his successor. Read More...
ClubCorp CEO Eric Affeldt to Retire
Posted: April 12, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announced that Eric Affeldt intends to retire from his role as Chief Executive Officer upon the appointment of his successor. As part of its regular CEO succession planning process, the Board has identified a strong internal candidate and will engage a leading executive search firm to identify additional, highly qualified, external candidates. Read More...
ClubCorp and Alexandria Real Estate Equities Launch New, Dynamic Club in Seattle
Posted: April 10, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces with Alexandria Real Estate Equities, Inc. (NYSE:ARE), the leader in collaborative life science and technology campuses, plans for The Collective, a new club in the heart of South Lake Union. Slated to open in March 2018, The Collective will connect Seattle’s growing community of innovators and creatives, as well as provide them with an urban escape for the mind, body and soul. Read More...
ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club
Posted: March 14, 2017 in Chains
DALLAS, TX - 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. Read More...
