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ClubCorp Announces 5th Acquisition in 2017 with Purchase of Medina Golf & Country Club in Medina, Minnesota

Wed. Jun. 21, 2017

Premier, Family Focused Club Offers 27 Holes of Golf, Tennis, Aquatics and Dining

DALLAS, June 21, 2017 (GLOBE NEWSWIRE) -- 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.

Medina Golf & Country Club in Medina, Minnesota
Medina Golf & Country Club offers a championship 18-hole golf course plus a nine-hole executive par-3 course ideal for junior golfers and beginners.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/880ffcf7-6689-4126-b63b-0ad681cc1cff

“We are very excited to add Medina Golf & Country Club to our family of clubs,” said Mark Burnett, ClubCorp COO and president. “As our first club in Minnesota, and, specifically the rapidly growing Minneapolis market, Medina fits our acquisition and reinvention criteria perfectly – a beautiful family centric club, located in a growing residential community, that offers a wide range of amenities, including 18 holes of championship golf and a nine-hole par-3 where we can introduce golf to our beginners while expanding the practice opportunities for our more avid golf members.”

“The members of Medina Golf & Country Club are thrilled to be joining the world-class portfolio of ClubCorp clubs,” said Michael Mathews, president of the club.  “This transition is a win-win for our club and for ClubCorp, and most certainly for our membership. As an already thriving club, we look forward to the significant benefits, services, and investments ClubCorp will provide us to further strengthen and enrich our club and the membership experience at Medina.”

Located 20 miles west of downtown Minneapolis, Medina Golf & Country Club offers a championship 18-hole golf course, which has been host to numerous amateur golf tournaments sponsored by the Minnesota Golf Association, including the 2013 MGA State Amateur, plus a nine-hole executive par-3 course ideal for junior golfers and beginners. Amenities also include a 45,000-square-foot clubhouse with casual and upscale dining and a Grand Ballroom overlooking the golf course, four Har-Tru clay tennis courts and large pool with a diving board, slide and zero-depth entry kids’ section with water spouts. During the snowy season, Medina offers two powder trails for cross-country skiing and snowshoeing.

Medina 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.

“We are excited to welcome the Medina members to our family,” added Burnett. “Thank you to the club’s board and members for their excitement and support of ClubCorp, as we celebrate our 60th year anniversary. We look forward to great things happening at the club.”

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 28 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:
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Source: ClubCorp Holdings Inc.