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ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club

Tue. Mar. 14, 2017

Rockville, Maryland, Family Friendly Club Offers Golf, Tennis, Swimming and Dining

DALLAS, March 14, 2017 (GLOBE NEWSWIRE) -- 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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Source: ClubCorp Holdings Inc.