The purchase price was $7.2 million and the acquisition gives ClubLink a total of 11 18-hole equivalent championship courses in Florida.
ClubLink recently announced that it has acquired the 54-hole Palm-Aire Country Club, Pompano Beach, Fla., from Palm-Aire Associates Limited Partnership.
The purchase price was $7.2 million and the acquisition gives ClubLink a total of 11 18-hole equivalent championship courses in Florida with a combined membership of more than 4,500 members.
In the Fort Lauderdale area, the three Palm-Aire championship courses join the 36-hole Woodlands Country Club in Tamarac, acquired in April 2011, and Heron Bay Golf Club in Coral Springs, acquired in October 2010. ClubLink made its first foray into Florida in September 2010, when it acquired five 18-hole equivalent championship courses and two 18-hole equivalent academy courses in Sun City Center, south of Tampa.
“This acquisition furthers our promise of offering our more than 20,000 Canadian members the opportunity to golf 365 days a year,” said ClubLink President and CEO Rai Sahi. “Southeast Florida is the most popular destination for ClubLink members in our Ontario/Quebec Region and a growing number are purchasing winter homes or vacationing there.
“Our business model offers our members a ‘cluster’ of clubs to play,” he continues. “We are confident our reciprocal play model will be attractive to Florida residents who want to enjoy all the benefits of ClubLink membership, as well as to our Canadian snowbird members.”
ClubLink’s membership model provides its members with reciprocal access to all ClubLink clubs in all regions. ClubLink’s TravelLink program offers three levels that allow members inter-regional access. The first level provides all members inter-regional access to all clubhouses and courses at preferred pricing on guest fees. Levels 2 and 3 are optional and provide members with greater inter-regional access for fixed annual fees.