Dear Members and Guests,
A big year for ClubCorp just got even bigger! As most of you know, we took ClubCorp public last September (NYSE: MYCC) and have been busy ever since adding new clubs, continuing our reinvention capital improvements, and looking for more ways to add value for our Members.
Most recently, we announced our intent to acquire Sequoia Golf’s portfolio of golf and country clubs. Subject to certain conditions, we anticipate closing the deal early in this fourth quarter. The acquisition will add 50 clubs to our industry-leading network, which will give you unparalleled access to more than 200 clubs, plus special offerings and benefits at more than 700 hotels, resorts, restaurants, and entertainment venues. With significant concentrations of clubs in Atlanta and Houston, Sequoia is a great fit for us. I know you’ll enjoy visiting all the new clubs in the ClubCorp family.
As we enter the fall, it is so rewarding to look back on a busy 12 months. Apart from acquisitions, we enjoyed successful professional golf events at Firestone Country Club (World Golf Championships-Bridgestone Invitational), Las Colinas Country Club (North Texas LPGA Shootout), Mission Hills Country Club (Kraft Nabisco Championship), and Nicklaus Golf Club at LionsGate (the Web.com Midwest Classic), and held fun national Member events at Firestone and, once again, Pinehurst. I’d be remiss in not thanking our incredible team of more than 15,000 Employee Partners for taking such great care of you and your guests. While it has been a record-breaking year for us, the best is yet to come!
With a fond farewell,
President and CEO