ClubCorp Announces the Acquisition of Ravinia Green Country Club in Chicago
Marks Company's First Owned Golf Facility in the Chicago Area
DALLAS, Jan. 13, 2015 /PRNewswire/ -- ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – announces the acquisition of Ravinia Green Country Club, a private, previously member-owned club in upscale Riverwoods, Illinois, located 30 minutes north of Chicago in the North Shore. The acquisition marks the first country club in the Chicago area for ClubCorp, which currently owns and operates The Mid-America Club in the Aon Center and The Metropolitan Club in Willis Tower in downtown Chicago. ClubCorp plans a million-dollar reinvention project that will include renovations and upgrades to the golf course, clubhouse and pool complex.
The addition of Ravinia Green continues the expansion of ClubCorp's overall portfolio of owned and operated clubs, which has increased now by more than 35 percent since the company's IPO in September 2013. ClubCorp's portfolio now stands at over 200 clubs in 26 states, the District of Columbia, Mexico and China.
"We are very excited to be establishing a golf presence in Chicago, where we currently have two highly successful business clubs," said Eric Affeldt ClubCorp president and CEO. "Ravinia Green – a world-class golf club in one of the most traveled cities in the country – will serve as the perfect complement to ClubCorp's portfolio of clubs."
Ravinia Green, the pre-eminent, family friendly club in Riverwoods, features an 18-hole championship golf course, six outdoor Har-Tru tennis courts and an aquatics complex with three outdoor swimming pools and a playground. Amenities also include a clubhouse offering upscale and casual dining, a second-level outdoor terrace, private dining rooms and a majestic ballroom.
"The members look forward to being a part of the ClubCorp family, because of the many benefits ClubCorp brings and their vision for the future of the club," said Joel Schneider, president of the Ravinia Board of Governors.
Ravinia members will be able to enjoy ClubCorp's unique O.N.E. program, which provides value-oriented benefits at the member's Home Club, in their Community and Worldwide benefits that include complimentary green fees and complimentary dining when traveling throughout the ClubCorp Network, which now includes more than 300 private clubs and access to 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. With its recent acquisition of Sequoia Golf, ClubCorp now 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 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.
SOURCE ClubCorp, Inc.
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