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ClubCorp Acquires Canterwood Golf & Country Club in Historic Gig Harbor, Washington

DALLAS, Aug. 10, 2011 /PRNewswire/ -- ClubCorp, The World Leader in Private Clubs, today announced the acquisition of Canterwood Golf & Country Club in Gig Harbor, Washington. The purchase of Canterwood, a private club, marks the fourth acquisition in 2011 for ClubCorp, which will immediately begin a more than $1 million capital improvement project on the property. Canterwood Golf & Country Club, a centerpiece of the community, features a Robert Muir Graves-designed 18-hole, 7,175-yard championship golf course, named one of the Top 10 Golf Courses in the state of Washington by both Golf Digest and GOLF Magazine.

Canterwood Golf & Country Club, located in the greater Seattle-Tacoma area and offering spectacular views of Mount Rainier, will complement ClubCorp's portfolio of more than 150 golf and country clubs, business clubs, sports clubs, and alumni clubs - including Firestone Country Club in Akron, Ohio (site of the World Golf Championships - Bridgestone Invitational), Mission Hills Country Club in Rancho Mirage, California (site of the LPGA Kraft Nabisco Championship) and The Metropolitan Club in Chicago. The addition of Canterwood also provides a perfect counterpart to Columbia Tower Club, one of Seattle's premier business clubs, that was until now the sole club in the ClubCorp family located in Washington state.

Members of the prior club owner and new golf members who join prior to October 10, 2011, will have the opportunity to sign up for ClubCorp's industry-leading Signature Gold program dues free for 12 months, which offers complimentary golf and dining privileges when traveling to ClubCorp's network of more than 200 owned or affiliated clubs around the country. Members with Signature Gold benefits also can have access to TicketLine, a personal concierge service that offers premium tickets for the some of the best concerts, sporting events, and local theater tickets in the Seattle-Tacoma area and throughout the country.

"We are extremely pleased about the addition of Canterwood to our portfolio of clubs," said Mark Burnett, ClubCorp executive vice president, golf and country club division. "The Seattle-Tacoma area is a truly beautiful part of the country and we take pride in the fact we can offer our members access to an exceptional private club there that offers challenging golf surrounded by such an amazing backdrop."

"The members at Canterwood are very excited about the sale of the club to ClubCorp," said Ray Velker, president of the board of directors for the seller. "They appreciate the additional benefits and opportunities that ClubCorp brings as well as their reputation as the world leader in the industry."

The most recent additions to the ClubCorp family of clubs include three golf properties located in the eastern area of Long Island, New York - The Hamlet Golf & Country Club in Commack, Willow Creek Golf & Country Club in Mt. Sinai, and Wind Watch Golf & Country Club in Hauppauge, which ClubCorp acquired this past June.

About ClubCorp

Dallas-based ClubCorp USA, Inc. is The World Leader in Private Clubs®. Since its founding in 1957, ClubCorp has operated with the central purpose of Building Relationships and Enriching the Lives® of its members. ClubCorp owns or operates a network of more than 150 golf and country clubs, business clubs, sports clubs, and alumni clubs in 25 states, the District of Columbia and two foreign countries that serve over 350,000 members, with more than 14,000 peak-season employees. ClubCorp properties include: Firestone Country Club (Akron, Ohio); Mission Hills Country Club (Rancho Mirage, California); Capital Club Beijing; and Metropolitan Club Chicago.

CONTACT: Patty Jerde, Communications Specialist, 972.888.7790

SOURCE ClubCorp