By The Canadian Press
KING CITY, Ont. – Golf course operator ClubLink (TSX:CLK) said Thursday it has bought the 36-hole Woodlands Country Club in Tamarac, Fla., from its equity members for US$5 million.
The vendors will also get a ClubLink Gold-level membership.
Woodlands is 20 kilometres northwest of downtown Fort Lauderdale. It includes a country club with two 18-hole golf courses designed by Robert Van Hagge and Bruce Devlin, a practice facility, swimming pool, and tennis courts.
“The acquisition of Woodlands Country Club further solidifies southeast Florida for us,” president and CEO Rai Sahi said in a statement.
“ClubLink members now have convenient reciprocal play opportunities in two major centres in South Florida.”
ClubLink owns and operates eight 18-hole equivalent championship courses and two 18-hole equivalent academy courses at eight locations in Florida.
ClubLink is Canada’s largest owner and operator of golf clubs with 50.5 18-hole equivalent championship and six 18-hole equivalent academy courses at 42 locations, primarily in Ontario, Quebec and Florida. Shares in the company were down two cents at $6.90 in Thursday trading on the Toronto Stock Exchange.
- Sharon Aron Baron created the Woodlands Tamarac in 2010 for original News for the community. In 2011 she went on to create Tamarac Talk, in 2012, Coral Springs Talk and 2017, Parkland Talk.
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