ClubCorp Continues Expanding International Presence, Announces Plans to Manage New Private Club and Boutique Hotel in Hangzhou, China

DALLAS, July 23, 2014 /PRNewswire/ -- ClubCorp, The World Leader in Private Clubs^® (NYSE: MYCC). ClubCorp and Zhejiang Construction Real Estate Development Group Co. Ltd, an internationally experienced company in the development of high-end properties, announces plans for the opening of West Lake Lu, a beautiful 170,000-square-foot private club and boutique hotel in the resort area of picturesque Hangzhou City of Zhejiang Province in China. ClubCorp will manage Lu, slated to open in December 2014.

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"We are very excited to further expand ClubCorp's presence in the world's fastest-growing economy," said Eric Affeldt, ClubCorp president and CEO. "Lu is set to be like no other venue in China – a luxury hotel with a private club feature – and will provide extraordinary experiences for visitors to the area, business leaders in the community and the many members of clubs in the ClubCorp family who travel internationally." The opening of Lu will increase ClubCorp's overall portfolio of owned and operated properties to 161 clubs in 25 states, the District of Columbia, Mexico and China.

Inspired by classical Italian and European architecture with a modern twist and touches of Asian culture throughout, Lu will offer a unique and sophisticated setting within the Hangzhou Zhijiang National Holiday Resort. Features of the hotel will include:

• 88 elegant suites
• 12 villas
• Stylish lounge
• Sophisticated restaurants offering Chinese and Western cuisine
• Banquet rooms ideal for business dinners or celebrations
• Fitness center featuring indoor swimming, fitness room with state-of-the-art equipment and a variety of treatment and therapy offerings

The private club, located on the second floor, will feature:

• Exclusive club entrance with an elegant lounge and sitting area
• Private dining rooms and meeting facilities
• Reading Room
• Wine and Cigar Bar
• Exclusive Board Room

ClubCorp also owns an interest in and operates The Capital Club in Beijing, manages the Paragon Club of Hefei, and receives golf privileges for members of ClubCorp clubs through its reciprocal access program with 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, Hainan.

"We have worked in the past with a number of established international hotel and real estate developers and operators," said Li Li, deputy general manager of Zhejiang Construction Real Estate Group. "We look forward to now working with ClubCorp, a leader in the private club industry that brings expertise and a successful track record, as we continue toward our goal of becoming a dominant real estate leader in Hangzhou."

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, business, sports, and alumni clubs in North America. ClubCorp owns or operates a portfolio of approximately 160 golf and country clubs, business clubs, sports clubs, and alumni clubs in 25 states, the District of Columbia and two foreign countries that serve over 370,000 members, with approximately 15,000 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); Capital Club Beijing; and Metropolitan Club Chicago. You can find ClubCorp on Facebook at facebook.com/clubcorp and on Twitter at @ClubCorp.

About Zhejiang Construction Real Estate Development Group Co., Ltd.
Established in 1995, Zhejiang Construction Real Estate Development Group Co., Ltd. is the largest commercial building developer in the Yangtze River Delta region. Receiving a Grade-AAA Credit Enterprise rating for the past 18 consecutive years, Zhejiang has more than 30 affiliated companies in China and 60 more in the United States, Europe and Australia through long-term strategic cooperation in a variety of areas, including investment banking, design and consulting firms, management companies and technical services cooperation. The new project Euro America Financial City (EFC) is another benchmark city complex with 5A office buildings, club, hotel, services apartments and commercial etc.  Under the concept of establish a micro- city,  EFC will become the third city center of Hangzhou.
For more information, visit www.jgfdc.com.

SOURCE ClubCorp