DALLAS (March 24, 2005) - ClubCorp, the world leader in delivering premier golf, private club, and resort experiences, has announced investments of more than $3 million in capital improvements to three of its Dallas area clubs, including Gleneagles Country Club in Plano, Las Colinas Country Club in Irving, and Shady Valley Golf Club in Arlington.

The Dallas area investments were part of ClubCorp's $60 million in capital renovations, expansions, and improvements for 2004. ClubCorp plans to spend $68 million in 2005 toward improving its clubs and resorts.

Improvements at Gleneagles Country Club and Las Colinas Country Club included complete golf course renovations. The $1.5 million project at Gleneagles included a complete renovation to its Queen's Course with rebuilt bunkers and the addition of new 419 Bermuda grass fairways and L93/Crenshaw bentgrass greens. At Las Colinas, the $1.5 million project, scheduled to be complete April 1, includes resurfaced greens, rebuilt bunkers with the addition of white sand, a new irrigation system around the greens, and new cart paths. Shady Valley Golf Club is spending more than $300,000 renovating, refurbishing, and improving its clubhouse. The renovations there are set to be complete April 2.

"We recognize that the quality of our properties is crucial to the success of our clubs," said John Beckert, ClubCorp's CEO and president. "We are committed to providing excellence to our members, not just on the service level and with our benefits, but with exceptional facilities as well."

About ClubCorp

Founded in 1957, Dallas-based ClubCorp has approximately $1.5 billion in assets. Internationally, ClubCorp owns or operates nearly 200 golf courses, country clubs, private business and sports clubs, and resorts. Among the company's nationally recognized golf properties are Pinehurst in the Village of Pinehurst, North Carolina (North America's largest golf resort, site of the U.S. Open in 1999 and 2005); Firestone Country Club in Akron, Ohio (site of the 2003-2005 World Golf Championships – NEC Invitational); The Homestead in Hot Springs, Virginia (America's first resort founded in 1766); and Mission Hills Country Club in Rancho Mirage, California, (home of the Kraft Nabisco Championship). The more than 65 business clubs and business and sports clubs include the Boston College Club; City Club on Bunker Hill in Los Angeles; Citrus Club in Orlando, Florida; Columbia Tower Club in Seattle; Metropolitan Club in Chicago; Tower Club in Dallas; and the City Club of Washington, D.C. The company's 18,000 employees serve the nearly 200,000 member households and 200,000 guests who visit ClubCorp properties each year. Visit www.clubcorp.com for additional company information.

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