ClubCorp Announces Deal to Manage China Center's New York

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News Desk 2018

Jul 14, 2016 at 8:30 AM

ClubCorp Announces Deal to Manage China Center's New York Club on 89th Floor of One World Trade Center

DALLAS, TX --(Marketwired - July 14, 2016) - ClubCorp -- The World Leader in Private Clubs^® ( NYSE : MYCC ) -- announces it will manage China Center's private business club on the 89^th floor of One World Trade Center in New York City. The more than 32,000-square-foot club -- with an anticipated opening of late 2017 -- will offer a variety of dining, social and business amenities. The club will provide a cultural and business exchange setting for U.S. and Chinese business professionals, political leaders and entrepreneurs and a venue for international business events and forums.

"We are very excited to be a part of this extraordinary private business club in the heart of New York City," said Eric Affeldt, ClubCorp CEO. "The new club will serve as a confluence for Sino-American relations in the cultural and financial capital of the world and an amazing benefit to our many members who visit New York. We look forward to providing exceptional experiences and opportunities to the club's members and guests."

The club will feature:

Stylish Lobby Lounge
Anytime Lounge where members can dine, enjoy relaxed social and business gatherings
Sophisticated Dining Rooms offering authentic Chinese cuisine and elegant Western fare
Chinese Tea House
Additional Private Dining Rooms
Touchdown Rooms - Private high-tech-enabled workspaces where members can drop in and work without distractions
Power Boardroom with state-of-the-art technology
Elegant private event space that can accommodate up to 300
Screening Room with advanced sound and screen technology and comfortable recliners
International Library and Greeting Hall blending cultural designs and rotating art exhibits

Prior to its official opening, the club will serve as the site of the December 2016 50^th anniversary National Committee on U.S. China Relations Leaders Speak Series public forum featuring former Secretaries of State Henry A. Kissinger and Madeline Albright.

ClubCorp currently operates more than 40 business clubs throughout the United States and the Capital Club in Beijing and manages Meilu Legend Hotel and West Lake Mansion Club in the resort area of scenic Hangzhou of Zhejiang Province.

ClubCorp also offers members golf privileges, through its reciprocal access program, at Mission Hills China -- a world-class conglomerate of hotels and resorts; golf and country clubs; award-winning spas; and sports academies which feature two locations in the cities of Shenzhen, Dongguan and Haikou.

ClubCorp will operate this club as a managed property. The development of this venture is in conjunction with affiliates of the Vantone Holdings, Co., Ltd. who will construct and lease the space.

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. ClubCorp 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 .

About Vantone Holdings Co., Ltd. Vantone Holdings Co., Ltd. is a well-known real estate investment company in Beijing. It was founded in 1993. Vantone Holdings owns 51.16% shares of Beijing Vantone Real Estate Co., Ltd., which is one of the most successful real estate companies in China and is listed at ShangHai Stock Exchange (SH 600246). China Center New York, LLC was established in 2006 as a subsidiary of Vantone Holdings, it owns China Center's New York club that is aiming to be "The Sky Club of Sino-US Synergy."

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Patty Jerde Communications Manager 972-888-7790 Frank Molina Vice President, Investor Relations and Treasury 972-888-6206

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