Tue. Mar. 14, 2017
ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club
Rockville, Maryland, Family Friendly Club Offers Golf, Tennis, Swimming and Dining 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,...
Wed. Feb. 22, 2017
ClubCorp Announces the Addition of North Hills Country Club
Philadelphia-Area Family Focused Club Offers Golf, Swimming and Dining ClubCorp – The World Leader in Private Clubs ® (NYSE:MYCC) – announces the acquisition of North Hills Country Club , a premier member-owned country club, founded in 1908 located just north of downtown Philadelphia . ClubCorp has plans for a multimillion-dollar reinvention that will bring new amenities, improvements and upgrades to the club. “We are proud to add North Hills Country Club, an exceptional club rich in history and family traditions, to our portfolio of clubs,” said Mark Burnett, ClubCorp COO and president. “The club allows us to expand to three clubs in the Philadelphia market, perfectly complementing our Hartefeld National club in Avondale and the newly reinvented Pyramid Club located downtown.” “The members are extremely excited about ClubCorp acquiring North Hills,” said Del Markward , president of the club. “They are a world-class organization that brings an expansive network of benefits and...
Wed. Feb. 22, 2017
ClubCorp Reports Sixth Consecutive Year of Record Results, and Announces Acquisition of North Hills Country Club
Fiscal 2016 revenue was $1.1 billion , up 3.4%, net income increased $13.6 million to $4.0 million , and adjusted EBITDA was $247.7 million , up 6.2% Fourth quarter revenue was $345.3 million , up 4.1%, net income increased $11.7 million to $5.4 million , and adjusted EBITDA was $83.3 million , up 4.7% ClubCorp acquires North Hills Country Club in Glenside, Pennsylvania ClubCorp - The World Leader in Private Clubs® (NYSE:MYCC) - announces financial results for its fiscal-year 2016 fourth quarter ended December 27, 2016. The fourth quarter of fiscal 2016 and fiscal 2015 consisted of 16 weeks. Fiscal 2016 and fiscal 2015 consisted of 52 weeks. All comparisons are year-over-year. ClubCorp Holdings, Inc. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ad53ca4-1698-40d8-a2f9-e2b2eb77f882 Fourth Quarter Results:
Revenue increased $13.6 million to $345.3 million, up 4.1%. Net Income increased $11.7 million to $5.4 million....
Wed. Feb. 15, 2017
ClubCorp Charity Classic Raises Record-Breaking $3,053,312
In its 10th year, ClubCorp’s major philanthropic effort has now raised more than $20.3 million ClubCorp – The World Leader in Private Clubs ® (NYSE:MYCC) – today announced that through its Charity Classic events the company raised $3,053,312 in 2016, breaking its previous all-time fundraising record set in 2015. The Charity Classic, ClubCorp’s major philanthropic effort benefiting over 100 national and local charitable organizations, Augie’s Quest/ALS Therapy Development Institute and ClubCorp’s E.P.C.F., has now raised more than $20.3 million since its inception in 2007. From left: Joel Pitts, ClubCorp Regional Vice President; Lynne Nieto, wife of Augie Nieto of Augie’s Quest; Brookhaven Member David McCool and Chuck Feddersen, ClubCorp Executive Vice President, Golf and Country Clubs, attend the 2016 ClubCorp Charity Classic event at Brookhaven Country Club in Farmers Branch, Texas. Brookhaven Country Club raised a total of $80,000 during their event, while ClubCorp clubs combined...
Wed. Feb. 15, 2017
ClubCorp Holdings, Inc. Announces 2016 Fourth Quarter and Full Year Earnings Release Date and Conference Call Information
ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) – today announced that it will release its fiscal 2016 full-year and fourth quarter financial results before market open on Wednesday, February 22, 2017 .
The Company’s quarterly conference call and webcast will be held the same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). Participants on the call will include Eric Affeldt, Chief Executive Officer; Mark Burnett, President and Chief Operating Officer; Curt McClellan, Chief Financial Officer; and Frank Molina, Senior Vice President of Investor Relations and Treasury. To participate in the teleconference, please call in a few minutes before the start time: (877) 201-0168 for U.S. callers and (647) 788-4901 for international callers and reference the ClubCorp fourth quarter conference call (conference code 56353403) when prompted. The live webcast and an archived replay of the call can be accessed through the Investors section of the ClubCorp website at...
Thu. Feb. 09, 2017
ClubCorp Announces Quarterly Dividend of $0.13
ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) – today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share payable on April 17, 2017 to all common stockholders of record at the close of business on April 5 , 2017.
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 26 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...
Wed. Feb. 08, 2017
ClubCorp Acquires Eagle’s Nest Country Club
Located in Maryland, Eagle’s Nest Offers Golf, Tennis, Dining and Swimming ClubCorp – The World Leader in Private Clubs ® (NYSE:MYCC) – announces the acquisition of Eagle’s Nest Country Club , a premier member-owned country club located in Maryland, just north of Baltimore. ClubCorp plans to spend more than $1 million on capital projects that will bring new amenities, improvements and upgrades to the club. Eagle’s Nest Country Club, which includes an Olympic-size pool among its amenities, offers spectacular views overlooking Dulaney Valley and Loch Raven Reservoir. The 18-hole championship golf course at Eagle’s Nest Country Club is accented by streams, ponds and bunkers that challenge all levels of golfers. Eagle’s Nest Country Club offers a championship 18-hole golf course surrounded by sycamores and 75 dawn redwoods – one of the largest single collections in the country of the majestic trees. Photos accompanying this announcement are available at...
Thu. Jan. 12, 2017
ClubCorp Reviewing Strategic Alternatives
The World Leader in Private Clubs® (NYSE: MYCC ) - today announced that the Board of Directors has established a Strategic Review Committee (the "Committee"), which, with the assistance of financial advisors, is reviewing and evaluating alternatives to further enhance shareholder value.
The Committee, comprised of independent directors, is working closely with the management team to oversee the review process and will report its findings to the full Board of Directors. The Committee is focusing on opportunities to further unlock the value inherent in the Company. The Committee is evaluating opportunities with a focus on maximizing value for all shareholders. The Company has engaged Jefferies LLC and Wells Fargo Securities, LLC as financial advisors to assist the Committee. 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...