ClubCorp Announces Third Acquisition in 2017 with Purchase

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
63
ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club

DALLAS, March 14, 2017 (GLOBE NEWSWIRE) -- ClubCorp – The World Leader in Private Clubs ® (NYSE: MYCC ) – announces the acquisition of Norbeck Country Club, a premier country club in Rockville, Maryland, just north of Washington, D.C. This marks the third acquisition this year for ClubCorp, which plans a multimillion-dollar reinvention of the club that will feature new dining amenities, and improvements and upgrades to the club over the next two years.

“Norbeck Country Club is an exceptional, family oriented full-service club – a profile that fits nicely into our portfolio of clubs in the D.C./Maryland/Virginia area,” said Mark Burnett, ClubCorp COO and president. “We are very excited to now offer our members two outstanding clubs in the Maryland market.”

Additional clubs in the area include Eagle’s Nest Country Club in Phoenix, Maryland, which ClubCorp acquired last month, Chantilly National Golf and Country Club in Centreville, Virginia, River Creek Club in Leesburg, Virginia,  Piedmont Club in Haymarket, Virginia, The City Club of Washington in downtown D.C. and Tower Club Tysons Corner in Vienna, Virginia.

“From the beginning of this process, ClubCorp went above and beyond to meet the needs of the club and the members, who couldn’t be happier to now have ClubCorp on-board,” said Nick Bobruska, president of the club’s board of governors. “With spring just around the corner, we all look forward to taking advantage of our new benefits and the many positive changes to come.”

ClubCorp held a town hall meeting and extensive focus group interviews with members, which allowed company representatives to gain firsthand insight into the club’s needs and how the member experience could be enhanced.

Plans for the multimillion-dollar reinvention of the club include bringing stylish and new dining and social features to the clubhouse and patio plus improvements to other amenities at the club. In addition, prior to the acquisition, the club began extensive pool-area renovations and improvements that are scheduled to be completed in advance of the Memorial Day weekend.

Set on 198 scenic acres, Norbeck Country Club offers 18 holes of golf with gently rolling fairways and small greens – one of the most beautiful and challenging courses in the Washington, D.C. metroplex. Additional amenities include casual and upscale dining, nine outdoor and three indoor tennis courts in a permanent tennis structure plus extensive tennis programming and team play for all ages and ability levels, an Olympic-size pool and wading pool.

Norbeck members will be eligible to participate in ClubCorp's unique O.N.E. (Optimal Network Experiences) program, which provides value-oriented benefits like 50% off a la carte dining at the member's Home Club. In addition, members can enjoy benefits within the Community and Worldwide including complimentary green fees and complimentary dining when traveling throughout the ClubCorp Network, which now offers access to more than 300 private clubs and 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. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business 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 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 .

Media: Patty Jerde 972-888-7790 patty.jerde@clubcorp.com Investor Relations: Frank Molina 972-888-6206 frank.molina@clubcorp.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

ASSA ABLOY Moves Deeper into Brazil, Snaps Up Rometal

Updated Category News Views 7

An Unexpected Power Play in the Aluminum Market Nov. 12, 2026, saw ASSA ABLOY make a calculated move by signing an agreement to acquire Rometal—firmly slotted in Brazil's aluminum sector. Why this gamble? Expansion, baby. You want to plant a flag in burgeoning markets; Brazil ain't a bad choice. This is more than just another deal. This is about gaining ground in a...

Continue Reading
X Square's Quanta X1 Pro: CES 2027 Innovation Honoree

Updated Category News Views 117

Leading the Charge in Embodied AI Hey, here's a wild one: X Square Robot is stepping into the limelight with its Quanta X1 Pro, rightfully snagging itself a spot as a CES Innovation Awards® 2027 Honoree. Now, before you roll your eyes and think "just another gizmo," let me walk you through why this actually matters and the ripples it might send through both tech and...

Continue Reading
BETR Faces Legal Heat After Stock Tumbles 28.5%

Updated Category News Views 73

BETR's Tumultuous Trading Day One mighty rough day for Better Home & Finance Holding Company, folks. Imagine waking up to find out your investment just took a nosedive to the tune of 28.5% in a single trading session! That's precisely what happened on May 7, 2026. Investors were shell-shocked as BETR shares crumbled from their recent heights. Why? The company came clean...

Continue Reading
Coastal Financial Faces Crisis as Lawsuit Deadline Looms

Updated Category News Views 67

Coastal Financial Caught in a Storm Folks are buzzing about the drama unraveling around Coastal Financial (NASDAQ:CCB), and it's not for good reasons. Shares nose-dived a jaw-dropping 43.52%, leaving investors feeling like they got hit by a freight train. The culprit? A messy soup of financial woes and alleged misinformation. A Deep Dive into the Numbers Let's rip the...

Continue Reading
Day Out Snacks Brings Back Sold-Out Peppermint Bark

Updated Category News Views 220

Spicing Up the Holidays with a Best-Seller Return You've got to love when a brand nails it in the holiday treat department, and Day Out Snacks is playing a winning hand by bringing back their Peppermint Bark protein balls. Here we are again, one year after they flew off the shelves like Santa spotted on Christmas Eve. And let me tell you, this re-release has the potential...

Continue Reading
Harcum Scholarships Transform Financial Dreams to Reality

Updated Category News Views 65

The Power of Generosity in Education When you want to see hope packaged in action, look no further than Harcum College. It’s not just about tossing some dollars at a cause, it’s about igniting change. Scholarships at Harcum aren’t mere financial aids; they’re the lifelines some students desperately need. This National Scholarship Month, Harcum isn’t just patting...

Continue Reading
National Park Foundation's New Military Outreach Program

Updated Category News Views 50

Bridging the Gap: Parks and Military Communities Fancy title, ain't it? But what truly matters here is how the National Park Foundation (NPF) is setting a new stage for the troops and their families. The spotlight isn't just on faceless numbers; it's on people—those who serve, their loved ones, and the memories they make far from battlefields. Launching this initiative...

Continue Reading
Honeywell Aerospace Faces Litigation Amid Stock Decline

Updated Category News Views 97

The Tumbling Honeywell Aerospace Saga Some days, stocks have you feeling like a cat stranded in a tree, and right now, Honeywell Aerospace (NASDAQ:HONA) is very much that cat—with branches breaking beneath it. Investors have been tossed into the fray after the company’s stock nosedived over 23% following ominous earnings and legal revelations. It's a market story...

Continue Reading
OpenAI Ties Drive Strategy for Microsoft's Growth

Updated Category News Views 154

OpenAI's Expanding Influence on Tech Firms Buckle up, because this one's a wild ride down the tech highway. We're diving into how OpenAI isn't merely dabbling in business with major players; it's reshaping how these giants operate and innovate. Five publicly-traded companies are kicking up a storm this earnings season thanks to their ties to the powerhouse behind ChatGPT....

Continue Reading
Insulin Delivery Devices: A Billion-Dollar Surge

Updated Category News Views 45

When's the last time you saw a medical device market promising a $10 billion leap in under five years? Yeah, the insulin delivery devices market's got that kind of upside, projected to skyrocket from $16.92 billion in 2026 to a whopping $26.37 billion by 2031. That's a 9.3% annual growth rate. The numbers and the stakes are both staggering. Regional and Segment Leaders...

Continue Reading

Top 5 Most Recently Viewed Articles

BTIG Upgrades Booking Holdings Amid Impressive Growth Metrics

Updated Category News Views 104

BTIG's Positive Outlook on Booking Holdings Recently, BTIG has delivered a compelling analysis of Booking Holdings (NASDAQ: BKNG), maintaining a Neutral rating while recognizing the company's remarkable performance that has notably surpassed market expectations. This positive sentiment from BTIG reflects the strong growth the company has experienced in its recent quarter...

Continue Reading
Methode Electronics Investors: Important Class Action Updates

Updated Category News Views 109

Methode Electronics Class Action Lawsuits Overview In recent developments, shareholders of Methode Electronics, Inc. are reminded of impending deadlines related to class action lawsuits. If you are an investor who has faced losses exceeding $100,000, it's crucial to pay attention to the details surrounding these lawsuits. ClaimsFiler, a dedicated shareholder information...

Continue Reading
EfTEN Real Estate Fund AS Invites Shareholders to Annual Meeting

Updated Category News Views 183

EfTEN Real Estate Fund AS Calls for Shareholder Participation EfTEN Real Estate Fund AS, an esteemed name in real estate investments, encourages all shareholders to join the upcoming annual general meeting. This significant event, taking place at a premier venue, aims to discuss the fund’s activities, financial performance, and future strategies. Date and Venue Details...

Continue Reading
Explore the New Snuggle Me Nursing Cover and Crib Sheets

Updated Category News Views 233

Exciting New Additions to the Snuggle Me Organic Collection Snuggle Me Organic, a favorite among parents for its modern, essential baby products, is thrilled to introduce two new offerings that cater to the needs of both new and expecting parents. The company has launched the Snuggle Me Nursing Cover and the Snuggle Me Crib Sheets, crafted from their signature 100%...

Continue Reading
PrimeEnergy Resources Corp Achieves Prestigious National Recognition

Updated Category News Views 210

PrimeEnergy Resources Corporation Achieves Key Recognitions PrimeEnergy Resources Corporation (NASDAQ: PNRG) has recently been celebrated for its exceptional corporate performance, receiving accolades both nationally and locally. Local Recognition in Houston's Chronicle 100 The Houston Chronicle has honored PrimeEnergy by ranking it **9th overall** in its prestigious...

Continue Reading