About Century Golf Partners

Century Golf Partners is a golf investment company created for the purpose of acquiring and managing country clubs and daily fee golf courses throughout the U.S. The Company owns 33 golf courses that it acquired in partnership with Walton Street Capital and Lehman Brothers, and manages an additional 10 golf courses for 3rd party owners. Century’s portfolio of owned and managed golf courses is expected to generate approximately $130 million in total revenues during 2006.

Century Golf Partners has partnered with golf legend Arnold Palmer, and has acquired the exclusive worldwide rights to the Arnold Palmer Golf Management brand. Accordingly, Century Golf Partners operates all of its courses under the Arnold Palmer name. 

Century Golf Partners employs approximately 3,000 people in the field dedicated to superior management of all facets of golf facility operations – member acquisition and retention, revenue generation, yield management, expense control, agronomy, banquet and outing sales, clubhouse operations, capital improvements, and accounting and technology systems. The team has pioneered industry leading revenue-generation and yield management programs, and is an acknowledged industry expert in private club membership programs. At a time when many are focused solely on cost containment, Century Golf Partners is successfully driving revenue growth through aggressive capacity utilization.   

The Company is led by former ClubCorp president Jim Hinckley, Greg Adair, and former ClubCorp executives Ken Story and Larry Galloway. The senior management team has worked together for over 20 years and is comprised of industry veterans from ClubCorp and American Golf who have operated over 500 golf courses.  Century Golf Partners, d/b/a Arnold Palmer Golf Management Company, is focused on driving revenue, market share and profitability by building customer retention, loyalty and referrals. 

We consider ourselves to be golf businessmen, not merely golf operators. We prefer to act as a principal rather than a traditional fee manager, thereby aligning our financial interests with those of our partners. Our operating model and our management techniques are designed to deliver total return on investment, again in alignment with the objectives of our partners. 

As a principal, Century Golf Partners stands accountable for its actions and its performance. It is this philosophy that sets us apart, and should make Century Golf Partners the most sought after business partner in golf.

Century’s Financial Partners

In 2005, Century Golf Partners created a new investment vehicle with its financial partners Walton Street Capital and Lehman Brothers. The team completed two separate transactions during 2005, acquiring a total of 33 golf courses. Walton Street Capital, Lehman Brothers and the Century principals contributed all the equity required to acquire the courses. GE Commercial Finance’s Real Estate unit provided debt financing for the portfolio. 

Century Golf Partners continues to actively seek growth opportunities. Our current portfolio is equally split between private country clubs and daily fee golf courses, and we would like to expand our holdings in each sector. While our preference is to continue acquiring courses, Century Golf Partners will manage courses for 3rd party owners under special circumstances.

 

Walton Street Capital, L.L.C. sponsors a series of performance based, private equity real estate funds. The Funds have received total equity commitments of $3.0 billion from public and corporate pension funds, foreign institutions, insurance companies and banks, endowments and foundations, trusts and high net worth individuals.

Real Estate, a unit of GE Commercial Finance, is one of the world's leading resources for commercial real estate capital. Headquartered in Stamford, Connecticut, Real Estate boasts assets of nearly $28 billion and has more than 30 offices throughout North America, Europe and Asia/Pacific. For over 35 years, the Real Estate unit has been a leading provider of real estate capital and services.