Meadowbrook Golf Group Acquires Kissimmee Bay Country Club in Kissimmee, Fla
Meadowbrook Golf Group Inc. (OTC BB:MGGI) said it had acquired the Kissimmee Bay Country Club, ranked among Florida’s top 50 golf courses.
Kissimmee Bay Country Club is an 18-hole par 71 upscale semiprivate club designed by renowned golf-course architect Lloyd Clifton. The club is also home to the Langley Museum, a private collection of more than 1,000 rare and antique golf items, including golf clubs and golf balls from the 1600s.
Kissimmee Bay Country Club is an Audubon Cooperative Sanctuary member and has received many outstanding reviews from golf publications.
Kissimmee Bay Country Club is located in Kissimmee, approximately 10 miles from Disney World. This acquisition is the third golf course Meadowbrook Golf Group has acquired in the Greater Orlando area, and brings to seven the number of courses Meadowbrook owns and leases in the Orlando market.
The acquisition of Kissimmee Bay Country Club is part of Meadowbrook’s previously announced plan of acquiring up to $100 million of golf-course properties. Meadowbrook Golf Group is one of the nation’s leading golf-course companies, engaged in the ownership, maintenance, management and development of golf courses.
The company is also the country’s largest provider of outsourced golf-course maintenance services, and is a supplier and distributor of equipment and products to more than 1,000 golf courses.
Certain matters discussed in this document may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements because of a number of factors, including general economic conditions, competition for golf-course acquisitions, risks that pending acquisitions may not close, the availability of debt and equity financing, interest rates and other risk factors.
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