ClubCorp Announces the Addition of Chantilly National Golf and Country Club

DALLAS, Dec. 17, 2013 /PRNewswire/ -- ClubCorp, a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America, today announced the acquisition of Chantilly National Golf and Country Club in Centreville, Virginia – just 20 miles west of Washington, DC. Chantilly National is one of northern Virginia's premier family-oriented private clubs.

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The purchase of Chantilly National marks the third acquisition in 2013 for ClubCorp.  Earlier this year ClubCorp added Oak Tree Country Club in Edmond, Oklahoma, and Cherry Valley Country Club in Skillman, New Jersey, to its portfolio of clubs.  ClubCorp will embark upon an extensive multimillion-dollar renovation project at Chantilly National that will include improvements to the clubhouse and the golf, tennis, and pool areas.

"The purchase of Chantilly National and our plans to further improve the facilities and experience demonstrates our strategic pursuit of growing through value-enhancing acquisitions, reinvention through capital investments, and adding reciprocal benefits for our more than 370,000 members," said Eric Affeldt, ClubCorp's president and chief executive officer.

"The club – located in a beautiful area of the country and in close proximity to DC – is an ideal location for the ClubCorp Network," said Mark Burnett, ClubCorp's chief operating officer. ClubCorp clubs in the local area include River Creek Club in Leesburg, Piedmont Club in Haymarket, The Tower Club - Tysons Corner and City Club of Washington. As a member of the ClubCorp family, Chantilly National members also can enjoy Community and Worldwide benefits including complimentary green fees and complimentary dining at more than 200 private clubs and access to more than 700 hotels, resorts and entertainment venues.

In addition to great golf, Chantilly National features tennis facilities with lighted courts, and swimming pools, including an Olympic-size pool. Chantilly National offers a variety of well-rounded programming, tournaments, and lessons for all ages in tennis, golf and swimming.

"Our decision was based on recognizing an immediate increase in membership value through ClubCorp's commitment of capital improvements along with the unique advantages of ClubCorp's Network. Our membership has been impressed  with ClubCorp's history of success and its leadership," said Frank Grace, Chantilly National's president.

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 owns or operates a portfolio 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 370,000 members, with approximately 15,000 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); 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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