Pinehurst Resort and Country Club

Golf, Tennis, Spa & Conference Resort, Real Estate and Country Club ClubResorts (div of ClubCorp): Re-engineered, operated under ClubResorts, Incorporated ClubCorp business plan and Country Club philosophy, developed under ClubCorp Real Estate and Country Club business plan Reese Jones # 7 Golf Course. We were part of overall team that turned this bankrupt resort into a major financial success dramatically improving - Earnings, Cap Rate, Land Values and Overall Position in the Golf Resort World. This project was financed with Corporate funds and upgraded with Equity Capital.

RESULT: Project purchased for $15, million upgraded, added two additional golf courses, reengineered the management, got out of losing businesses. The project is currently worth between $800 million and $1 billion.

Shanty Creek Golf & Ski Resort

Golf, Ski, Conference Resort, Real Estate and Resort Club. Purchased Owned: Used Rural Development Guarantees, Regional Bank, along with Hilton Franchise and Shopping Center approach to reposition this bankrupt resort. We operated, added Arnold Palmer Signature Golf Course & Development along with over 500 Condominiums outsourcing, through Developer. Added Conference Center through Condominium Development program. Reengineered financial position with trust and bank.

RESULT: We, turned this bankrupt resort into a major financial success, sold off real estate assets for a profit then successfully sold the remaining resort to ClubCorp realizing a major profit on the transactions.

Schuss Mountain Golf and Ski Resort (NOW PART OF SHANTY CREEK)

Golf & Ski Resort. Real Estate & Club Re-engineered financial structure by selling pieces to developer partner, selling non-income producing Real Estate and repositioning the product. Operated and added Condominium development through outside developer, added additional golf, added "Schussy Cat" entertainment concept, reorganized financial position with banks, repositioned value and earnings.

RESULT: Successfully reengineered this resort and then merged with neighboring Shanty Creek creating the largest and most successful Ski, Golf and Conference & Development Resort in Michigan. We then successfully sold the 4000 acre complex to ClubCorp.

Barton Creek Resort & Country Club

Golf, Tennis, Spa, Corporate Conference, Hotel and country club & Development. This project was picked up as a management contract after going bankrupt. By repositioning the resort operating strategic plan with the finest Corporate Conference Center talent, upgrading the Country Club and Golf positioning this project was ultimately purchased for 25% of its original value.

RESULT: The project has significantly improved both its CAP Rate and Earnings and is presently positioned as one of finest Golf, Tennis and Corporate Conference Center Resorts in the nation, has doubled in size, added two additional golf courses and is worth over 10 times its purchase price.

The Homestead Resort

Golf, Tennis, Spa, Conference Resort, Country Club & Development. This project used Super Priority Private Corporate Lien capital of ClubCorp to re-engineer its near bankrupt position. The property was in a major deferred maintenance position and hemorrhaging cash. While the value was obvious it took significant capital to upgrade. The owners were unable to adequately refinance. Once the new private capital and operating strategic plan were put in place the resort proceeded to add 48 unit Owners Club and ultimately outsourced the 4,000 acre development property to one of the finest development companies in the nation.

RESULT: The property is now valued significantly higher, is positioned once again as an icon in the resort industry and its CAP rate has significantly improved.

Quail Hollow Resort & Country Club

Golf, Tennis & Conference Resort, Country Club & Development. This property was purchased using the "Trigger Deal" approach to save the write down for a major corporation not focused in the Resort and Club business. This financial re-engineering plan allowed ClubResorts to add the necessary working and upgrade capital to change the strategic operating plan necessary to reposition this overall Golf Resort into a successful Resort and County Club. ClubResorts significantly improved the earnings and following the "Trigger Deal" formula, purchased the property at a price that kept the former owner from taking a write down.

RESULT: This property is a successful Resort and Country Club with a value significantly higher and all the excess property has been successfully developed at a profit.

Center for Resort and Club Business (CRB)

Created, the first dedicated Resort and Club four year program under a Business School in the nation - "The Center for Resort & Club Business. Methodist College has been the most successful Professional Golf Management (PGM) and Professional Tennis Management (PTM) in the nation. The programs have interns and graduates in over 500 Resorts and Clubs in the World.

Methodist College Teaching Resort & Country Golf Club with Leisure Real Estate

We are in the beginning stages of creating the first destination resort and club on a college campus used to train students and take care of Guests, Owners and Members. The College is focused in Professional Golf Management, Professional Tennis Management and Destination Resort and Country Club Management. This resort will feature a double sized kitchen for training, interesting condominium units, a unique golf course, unique tennis courts, learning center and an IACC Corporate Conference Center. Each golf hole would feature a famous golf course architect; each room would feature a unique and famous resort. Leisure Real Estate is part of the training provided by The Center for Resort and Club Business and Resort and Clubs, Inc. would provide the management, marketing and real estate sales.

Club Corp/Club Resorts

Founded in 1957, Dallas-based ClubCorp has approximately $1.5 billion in assets. Internationally, ClubCorp owns or operates more than 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, (the largest golf resort in North America and site of the 1999 and 2005 U.S. Opens); 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 60 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.

CAYUGA Hospitality

We are affiliated with this Cornell based consulting consortium with over 150 senior Hospitality, Resort and Club Executives around the World. Our team focuses on the Resort and Club business assisting owners, banks, financial institutions and developers.

Resort Management Assoc.

This organization was created the same year we created The Center for Resort and Club Business. That year Resorts and Clubs, Inc. was born. The efforts of all three organizations, is to identify, teach and facilitate the unique and significant differences between the hotel industry and the Experienced based Resort and Club Industry.

Club Management Association of America

Clubs create a warm welcome haven away from home and personal relationships. Most club members live within 15 miles of their club and many are equity owners of the club. This business takes special skills management, marketing and techniques to make them successful. We focus on creating clubs, especially in Resort settings. Resort Country Clubs are growing in popularity as Resorts add Country Club concepts positioning them as Country Clubs with sleeping rights.

National Association of Realtors - NAR-Resorts

Even the Real Estate Industry is jumping on the bandwagon with NAR-RESORTS. Resort real estate has several different development, sales, marketing and management challenges than traditional primary home real estate

Resort Committee of the AHLA

Meeting Planners International - MPI

Lago Vista Golf & Lake Resort

This project has been in financial trouble several times for numerous reasons. The 4000 feet of frontage on the #1 lake in Texas, Lake Travis, is being positioned as a major Condominium Resort complete with 350 units, Golf Course, Marina, Water Park and Conference facilities. The property is being consolidated to accomplish this strategic direction and once complete will be funded to implement the Business Plan.

Blackadora Caye Island

We are facilitating the owners of this island to create a World Destination Private Villa Resort Retreat. The team includes a Passionate Island Developer, a movie star and an operating philosophy unique to this niche. The plan calls for an Island Experience near one the largest live Reefs in the World.

Downtown Fayetteville & Cumberland County

Repositioning an entire downtown into a Resort Attraction can be as interesting and challenging as positioning an Island or Repositioning a Fallen Resort Angle like Pinehurst.

This town, nicknamed (Fayettenam), is 55% rented or conversely 45% empty. The secrete is creating a Business & Marketing plan that will draw 1.2 million guests from I-95 many of which come to this town "Because" of this town. We are recommending covering 5 blocks of this city with a Denver International type Membrane creating over 200,000 sq. ft. of space to sell Art, Antiques, Fun, Beer & Coffee and Excitement that "Every Guest on I-95 Wants to Visit".

Our current assignment is to assist USA Partners to add "Sports Tourism" to Fayetteville's successful "Military Tourism" business base. While we have introduced the "Big Idea" of - Creating the most successful and Exciting Downtowns in North Carolina we have not yet received this phase of the contract.