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ClubCorp Acquires Oakhurst Golf & Country Club, Marking Its Fourth Acquisition in 2017

Wed. Apr. 12, 2017

Detroit-Area Club Offers Arthur Hills-Designed Golf Course, Tennis, Swimming and Dining

DALLAS, April 12, 2017 (GLOBE NEWSWIRE) -- ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) – announces its fourth acquisition in 2017 with the purchase of Oakhurst Golf & Country Club, a premier private club in Clarkston, Michigan, just northwest of Detroit. ClubCorp plans to spend more than $1 million to reinvent the club, bringing stylish and new dining and social features to the clubhouse and patio, plus improvements to the golf course and aquatics center.

“With its location in a family oriented, upscale community and featuring an outstanding golf course and spectacular clubhouse, Oakhurst Golf & Country Club is a welcome addition to our portfolio of clubs and an expansion for our Detroit market,” said Mark Burnett, ClubCorp COO and president. Additional clubs in the area include Oak Pointe Country Club in Brighton, TPC Michigan in Dearborn and the Skyline Club in Southfield.

“This is an exciting time for Oakhurst members,” said Pat Callahan, president of the club’s board. “We have heard many positive comments about ClubCorp and look forward to all of the changes and improvements coming to the club. Members are already talking about taking advantage of ClubCorp’s expansive network of clubs.”

Located in Oakland County, Oakhurst Country Club features a challenging 18-hole Arthur Hills-designed golf course that winds through pristine forests of oak, maple, beech, hickory and ash and past some of Michigan’s most beautiful marshlands. The spectacular three-level, 42,000-square-foot clubhouse offers upscale and casual dining, lounges and meeting rooms, elegant private event space, pro shop, and new locker rooms. Additional amenities include an Olympic-size pool and six tennis courts.

Oakhurst 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 – Oak Pointe, TPC Michigan and Skyline Club – 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 Relations
Patty Jerde
972-888-7790
patty.jerde@clubcorp.com

Investor Relations
972-888-6206

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Source: ClubCorp Holdings Inc.