DALLAS -- ClubCorp, the world leader in delivering premier golf, private club, and resort experiences, and KSL Capital Partners LLC, a private equity firm that invests in travel and leisure businesses, announce executive changes at both entities. John A. Beckert, ClubCorp's current president and CEO, will join KSL Capital Partners as senior advisor, and Eric Affeldt, a founding member and principal of KSL Capital Partners, will replace Beckert at ClubCorp. Beckert will remain as a ClubCorp board member and a shareholder in the company. The changes are subject to the year-end closing of the previously announced sale of ClubCorp to KSL Capital Partners.

"John Beckert has a diverse background and a valuable skill set which will help us accelerate our growth in the travel and leisure industry," said Michael S. Shannon, managing director of KSL Capital Partners. "As ClubCorp's new CEO, Eric Affeldt will employ KSL's successful hands-on methods of managing and expanding enterprises in order to increase both member and shareholder value."

Beckert, 53, was a partner in Seneca Advisors L.L.P., a Dallas-based consulting and private investment firm before joining ClubCorp in 2002. Previously, he was president and COO of Bristol Hotels & Resorts.

"KSL's offer presents an opportunity and a challenge that is irresistible," said Beckert. "And by remaining as a board member, I will continue my efforts to make ClubCorp an even more potent force within the private club industry."

Affeldt, 49, has previously served as CEO of KSL's former golf division as well as leading Doral Golf Resort and Spa, and PGA West and LaQuinta Resort and Club. In addition, Affeldt was president of General Aviation Holdings, Inc.

"For nearly 50 years, ClubCorp has set the standard for service in the private club industry," said, Affeldt. "We want to build on that tradition while expanding the revenue base of the company and creating new opportunities for ClubCorp's members and employee partners."

About ClubCorp
Founded in 1957, Dallas-based ClubCorp is the world leader in delivering premier golf, private club, and resort experiences. Internationally, ClubCorp's affiliates own or operate nearly 170 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, home to the 1999 and 2005 U.S. Opens); Firestone Country Club in Akron, Ohio (site of the World Golf Championships - Bridgestone Invitational); Vista Vallarta in Puerto Vallarta, Mexico (site of the 2006 Champions Tour Puerto Vallarta Blue Agave Golf Classic); Mission Hills Country Club in Rancho Mirage, California (home of the Kraft Nabisco Championship); and The Homestead in Hot Springs, Virginia (America's first resort founded in 1766). The more than 60 business clubs and business and sports clubs include the Boston College Club; City Club on Bunker Hill in Los Angeles; Columbia Tower Club in Seattle; Metropolitan Club in Chicago; 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 http://www.clubcorp.com for additional company information.

About KSL Capital Partners
KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. KSL Capital Partners has offices in Denver, Colorado, and La Quinta, California.

Notable investments made by the principals of KSL include:

* Vail, Beaver Creek, Breckenridge, and Keystone Mountain Resorts * La Quinta Resort & Club and PGA West in La Quinta, California * Doral Golf Resort & Spa near Miami, Florida * Grand Wailea Resort Hotel & Spa on Maui in Wailea, Hawaii * Arizona Biltmore Resort & Spa in Phoenix, Arizona * La Costa Resort and Spa in Carlsbad, California * Hotel del Coronado near San Diego, California * Rancho Las Palmas Resort & Spa in Rancho Mirage, California

For more information, please visit http://www.kslcapital.com .

CONTACT: Patty Jerde of ClubCorp, +1-972-888-7316, or patty.jerde@clubcorp.com ; or Dena Buford, +1-972-462-7525, or dena@victorymc.com , for ClubCorp