Brownstein Hyatt Farber Schreck advised ClubCorp in its acquisition of seven premier lifestyle golf clubs in residential communities located on the East Coast from Toll Golf, the golf and country club division of Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes.
Shareholder and Real Estate chair-elect Nicole Ament was lead buyer’s counsel running the acquisition. This deal highlights Brownstein’s expertise in working with complex real estate portfolios and providing counsel on land use, development, financing and disposition issues unique to real estate portfolios specific to the resort and recreation industries.
The clubs, included in the transaction are:
Belmont Country Club in Ashburn, Virginia – a private country club offering an 18-hole Arnold Palmer Signature golf course, Golf Academy, 20 acres of practice facilities, dining room, ballroom and banquet facilities, sand volleyball court and tennis courts
Dominion Valley Country Club in Haymarket, Virginia – a private country club offering an 18-hole Arnold Palmer Signature designed golf course, tennis, indoor basketball court, and Sports Pavilion with fitness facility, playground and three swimming pools
Regency at Dominion Valley Country Club in Haymarket, Virginia – a private country club featuring an 18-hole Arnold Palmer designed golf course
Brier Creek Country Club in Raleigh, North Carolina – a private country club featuring an 18-hole Arnold Palmer golf course, tennis courts, pool with waterslide and kid-friendly splash zone, ballroom and banquet facilities
Hasentree in Wake Forest, North Carolina – a private club offering an 18-hole Tom Fazio-designed golf course, clubhouse, 13,000-square-foot Family Activity Club, tennis courts, and café
Jupiter Country Club in Jupiter, Florida – a private club with an 18-hole Greg Norman Signature golf course, swim and racquet facility, family resort-style pool, tennis courts, and café
Oak Creek Golf Club in Upper Marlboro, Maryland – a public golf club featuring an 18-hole Ault Clark-designed championship golf course and public restaurant
About Brownstein Hyatt Farber Schreck:
With 11 offices across the western U.S., plus Washington, D.C., and Atlantic City, Brownstein Hyatt Farber Schreck is where business, law and politics converge. Founded in 1968, Brownstein provides its clients a value that no other western law firm can match—an integrated approach that combines sensible business solutions with 20 years of Capitol Hill perspective. The firm’s 275 lawyers and policy professionals have built a reputation for providing multidisciplinary legal counsel that drives results and connects business leaders to the information they need to make decisions.