ClubCorp Acquires Canterwood G&CC

ClubCorp has announced the acquisition of Canterwood Golf & Country Club in Gig Harbor, Wash. The purchase of Canterwood, a private club, marks the fourth acquisition in 2011 for ClubCorp, which will immediately begin a more than $1 million capital improvement project on the property.

Canterwood Golf & Country Club features a Robert Muir Graves-designed 18-hole, 7,175-yard golf course, named one of the tTop 10 Golf Courses in the state of Washington by both Golf Digest and GOLF Magazine.

Canterwood Golf & Country Club will complement ClubCorp's portfolio of more than 150 golf and country clubs, business clubs, sports clubs and alumni clubs - including Firestone Country Club in Akron, Ohio (site of the WGC-Bridgestone Invitational), Mission Hills Country Club in Rancho Mirage, Calif. (site of the LPGA Kraft Nabisco Championship), and The Metropolitan Club in Chicago. The addition of Canterwood provides a counterpart to Columbia Tower Club that was until now the sole club in the ClubCorp family located in the state of Washington.

Members of the prior club owner and new golf members who join prior to October 10, 2011, will have the opportunity to sign up for ClubCorp's Signature Gold program dues-free for 12 months. The program offers complimentary golf and dining privileges when traveling to ClubCorp's network of more than 200 owned or affiliated clubs around the country.

"We are extremely pleased about the addition of Canterwood to our portfolio of clubs," said Mark Burnett, ClubCorp executive vice president, golf and country club division. "The Seattle-Tacoma area is a truly beautiful part of the country and we take pride in the fact we can offer our members access to an exceptional private club there that offers challenging golf surrounded by such an amazing backdrop."

"The members at Canterwood are very excited about the sale of the club to ClubCorp," said Ray Velker, president of the board of directors for the seller. "They appreciate the additional benefits and opportunities that ClubCorp brings as well as their reputation as the world leader in the industry."

The most recent additions to the ClubCorp family of clubs include three golf properties located in the eastern area of Long Island, N.Y.: the Hamlet Golf & Country Club in Commack, Willow Creek Golf & Country Club in Mt. Sinai, and Wind Watch Golf & Country Club in Hauppauge, which ClubCorp acquired this past June.