/CNW/ - ClubLink announced today that it has
acquired eight 18-hole equivalent golf courses in Sun City
Center, Florida, from WCI Communities, LLC.
The operating championship golf courses are Club Renaissance (18 holes),
Sandpiper Golf Course (27 holes), Scepter Golf Club (18 holes), and
Falcon Watch Golf Club (27 holes). Two 18-hole executive-length courses
are also included: Kings Point Golf Club and Caloosa Greens Golf Club.
North Lakes Golf Club, which was closed in 2009, is also part of the
portfolio, as is an undeveloped two-acre parcel of commercially zoned
land. The courses, about 50 kilometres (30 miles) south of Tampa, range
from a full-service country club to executive courses, and represent
ClubLinks first regional cluster south of the border.
The purchase price for the portfolio was US$8.7 million. This cash
transaction was facilitated by Steven Ekovich, Vice-President
Investments of the National Golf and Resort Properties Group at Marcus &
Millichap Real Estate Investment Services.
Within easy reach of the Gulf of Mexico and the arts, sports,
entertainment and other attractions offered by Tampa, Sun City Center
offers a wide spectrum of amenities within its own full-service
community.
We identified the Tampa area as one of our target markets in the U.S.
and we are pleased to announce that the Sun City Center portfolio
represents our first regional cluster in the United States, said
ClubLink President and CEO Rai Sahi. This acquisition establishes a
firm foothold in Florida for us, and we are actively pursuing other
opportunities on both sides of the border.
ClubLink was selected from the many suitors for our courses because of
its outstanding reputation for customer service and effective club
operations, said Doug Schwartz, Senior Vice-President, WCI Communities.
As the largest owner and operator of golf courses in Canada, the
ClubLink brand is well known and respected in the United States golfing
community.
Corporate Profile
ClubLink is engaged in golf club and resort operations under the trade
name, ClubLink One Membership More Golf. ClubLink is Canadas largest
owner and operator of golf clubs with 46.5 18-hole equivalent
championship and six 18-hole equivalent academy courses at 39 locations,
primarily in Ontario, Quebec and Florida.
ClubLink is also engaged in rail, tourism and port operations based in
Skagway, Alaska, which operates under the trade name White Pass & Yukon
Route. The railway stretches approximately 177 kilometres (110 miles)
from Skagway, Alaska, through British Columbia to Whitehorse, Yukon. In
addition, ClubLink operates three docks primarily for cruise ships.
