ClubLink Enterprises Continues U.S. Golf Course Expansion

Headquartered in King City, Ont., ClubLink (TSX:CLK) announced Friday that it has acquired a 54-hole gold course in the Fort Lauderdale, Fla., area for US$7.2 million.

The purchase of Palm-Aire Country Club in Pompano Beach, Fla., from Palm-Aire Associates Limited Partnership, gives the Ontario-based concern a total of 11, 18-hole equivalent championship courses in Florida with a combined membership of more than 4,500.

In the Fort Lauderdale area, the three Palm-Aire championship courses join the 36-hole Woodlands Country Club in Tamarac, acquired in April 2011, and Heron Bay Golf Club in Coral Springs, acquired in October 2010.

ClubLink made its first foray into Florida in September 2010 when it acquired five, 18-hole equivalent championship courses and two 18-hole equivalent academy courses in Sun City Center, south of Tampa.

"This acquisition furthers our promise of offering our more than 20,000 Canadian members the opportunity to golf 365 days a year," said ClubLink president and CEO Rai Sahi.

"Southeast Florida is the most popular destination for ClubLink members in our Ontario/Quebec Region and a growing number are purchasing winter homes or vacationing there."

ClubLink, overseeing more than 50, 18-hole equivalent championship and six, 18-hole equivalent academy courses at 44 locations, primarily in Ontario, Quebec and Florida, is also engaged in rail, tourism and port operations based in Skagway, Alaska, which operates under the trade name "White Pass & Yukon Route." The railway stretches approximately 177 kilometres (110 miles) from Skagway, Alaska, through British Columbia to Whitehorse, Yukon. In addition, ClubLink operates three docks primarily for cruise ships.