Wed. Feb. 03, 2016
ClubCorp Acquires Marsh Creek Country Club in St. Augustine, Florida
Located in Upscale St. Johns County, Marsh Creek Offers Golf, Dining, Tennis and Fitness ClubCorp - The World Leader in Private Clubs ® (NYSE: MYCC) - announces the acquisition of Marsh Creek Country Club , a premier private country club in St. Augustine, Florida . ClubCorp plans a capital project that will bring new amenities, improvements and upgrades to the club. "Marsh Creek is a beautiful facility offering one of the finest experiences in North Florida," said Eric Affeldt, ClubCorp president and CEO. "With an active membership base, Marsh Creek is a perfect complement to our nearby clubs and to the rest of the ClubCorp Network." Marsh Creek Country Club marks the 10th club acquired by ClubCorp in the past 13 months. The company's presence in the Jacksonville area also includes Deercreek Country Club , Queen's Harbour Yacht and Country Club and the University Club of Jacksonville located in the heart of downtown, as well as LPGA International in Daytona Beach . "ClubCorp is an...
Wed. Jan. 27, 2016
ClubCorp Expects Record Full Year and Fourth Quarter Results, and Provides Additional Highlights Regarding Texas
ClubCorp - The World Leader in Private Clubs® (NYSE: MYCC) - announces preliminary and unaudited (1) fiscal-year 2015 financial results for the fourth quarter (16 weeks) and full-year (52 weeks) ended December 29, 2015 . Preliminary Full-year and Fourth Quarter Results: Full-year total revenue was $1,052.9 million , up 19.1% from the prior year Full-year total adjusted EBITDA is expected to be $233 to $234 million , up 18.9% compared to the prior year (2) Fourth quarter total revenue was $331.7 million , up 9.6% from the prior year Fourth quarter total adjusted EBITDA is expected to be $79 to $80 million , up 14.6% compared to the prior year (2) 2015 Texas Same-store Combined Clubs Growth: Full-year Texas same-store combined clubs revenue was up 2.0% compared to the prior year Full-year Texas same-store combined clubs adjusted EBITDA was up 4.1% from the prior year Fourth quarter Texas same-store combined clubs revenue was up 3.1% compared to the prior year Fourth quarter Texas...
Tue. Jan. 26, 2016
ClubCorp Announces Completion of More Than $18 Million in Atlanta-Area Reinventions
In First Year as Leading Owner and Operator of Private Clubs in Atlanta Market, ClubCorp Takes Major Steps in Creating New Private Club Experience ClubCorp - The World Leader in Private Clubs ® (NYSE: MYCC) - announces that a little more than a year after expanding the ClubCorp Network in the greater Atlanta area with now over 30 owned and operated golf and country clubs and two premier business clubs, the company has invested more than $18 million to reinvent club spaces and add new elements. The reinventions focus on areas of golf, dining and social, allowing clubs to better appeal to every member of the family and making them more relevant within their communities. To further enhance the member experience, ClubCorp has introduced industry-leading membership programs, benefits and amenities, and with year-round social programming. "We are proud of the progress we've made in improving the private club experience for members during our first year as leading owner and operator of...