Market Overview

ClubCorp Acquires TPC Craig Ranch in McKinney, Texas

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DALLAS, Jan. 02, 2019 (GLOBE NEWSWIRE) -- ClubCorp – The World Leader in Private Clubs® – announces the acquisition of TPC Craig Ranch, a premier, private club in the Dallas suburb of McKinney. Located on 233 acres of breathtaking countryside within a lifestyle community, TPC Craig Ranch features a Tom Weiskopf-designed championship golf course, ranked #18 on Golf Digest's 2018 "Best Golf Courses in Texas" list.

TPC Craig Ranch
TPC Craig Ranch in McKinney, Texas



"As the Dallas-Fort Worth area continues as a leader in the nation in population growth – with McKinney as one of the fastest growing cities – we are thrilled to add this premier property to our portfolio," said David Pillsbury, ClubCorp CEO. "The TPC brand represents exceptional quality and great golf experiences and is a complementary addition to our premier collection of clubs. We are excited to build on the traditions of this great club."

"Craig Ranch is a true live, work and play community with TPC Craig Ranch as one of the centerpieces," added David Craig, Craig Ranch Developer. "As the community continues to grow, Craig Ranch continues to expand the lifestyle amenities for residences. We are confident ClubCorp will provide many enhancements to the benefits and services members receive."

The par-72, 7,438-yard golf course, designed by Weiskopf with PGA TOUR player D.A. Weibring serving as a consultant, features beautiful, gently rolling hills and mature woods with lush Zoysia fairways and Bentgrass greens. Breathtaking Rowlett Creek crosses the course 14 times, creating a stunning backdrop for an inspiring test of golf.

Complementing the course is an expansive practice facility with a dual-sided 350-yard practice area with target greens, a 14,000-square-foot putting green, a 100-yard short game area with bunkers, and a dedicated chipping green. The club also offers a world-class golf instructional academy led by top PGA professionals.

The 40,000-square-foot stone façade clubhouse at TPC Craig Ranch features a grand veranda with panoramic views of the golf course and offers a variety of dining options, including casual dining in The Legend's Grille and upscale dining in The Portabello Room, plus private meeting rooms and venues for both intimate and large-scale private events and member entertaining. Amenities also include fully serviced men's and women's locker rooms and a fully appointed top 100 golf shop.

Members of TPC Craig Ranch will have the opportunity to obtain access to ClubCorp's industry-leading network of private clubs, services and benefits.

About ClubCorp
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 city business clubs in North America. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, city clubs, sports clubs, and alumni clubs in 27 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. 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 The Metropolitan in Chicago. You can find ClubCorp on Facebook at facebook.com/clubcorp and on Twitter at @ClubCorp.

Contact
Patty Jerde
patty.jerde@clubcorp.com
972.888.7790

ClubCorpLogo_HI_2018.jpg

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