MEMBERSHIP SALES TO COMMENCE AT THE PENINSULA

Posted on April 14, 2004

Delaware's First Exclusive Golf Community Highlights $35 Million Amenity Package

Scottsdale, Ariz. - Troon Golf,® the world leader in luxury golf management, development and marketing; and Peninsula at Longneck, LLC., announce the grand opening of The Peninsula's state-of-the-art Discovery Center and subsequent commencement of membership sales beginning May, 2004.

The Peninsula, Delaware's first upscale, private, gated, golf community sits on 800 acres near the popular Mid-Atlantic resort areas of Rehoboth and Dewey Beach. An easy drive from Washington, Baltimore, Philadelphia and the New York Metro area, The Peninsula offers a leisure experience not found anywhere else in the region. This exclusive community will feature a Jack Nicklaus Signature golf course, the Golden Bear's first private project in Delaware, as the centerpiece of the amenity-driven, residential resort community. Featuring 18 holes of championship golf, with seven holes hugging the pristine waterfront, the members-only Golf Complex is an environmentally sensitive, state-of-the-art facility that includes a plush clubhouse and full-service amenities. The golf course will preview in late 2005.

In addition to the impeccably maintained golf course, the magnificent clubhouse will afford resident members the renowned luxury and comfort of the TROON GOLF EXPERIENCE,sm exemplified by gracious personal attention, fine dining, and an array of entertaining club activities. Membership in The Peninsula will be available only to property owners. Residential options will include custom single-family homes, semi-custom town homes and villas, and condominiums.

Rounding out the $35 million amenity package at The Peninsula, a world-class Recreation Center will be the crossroads for swimming, exercise, and sports. It will include a full spectrum of all-season facilities as well as convenient retail shopping and dining. In addition to indoor and outdoor pools, an immense freshwater lagoon will be complete with an amazing waterslide, sand beach, and volleyball courts. There will be a fully equipped gym, aerobics room, spa, massage and sauna rooms, arts and crafts studios, and meeting rooms. And, an eight-court tennis center will include a stadium court with a viewing gallery, along with a tennis clubhouse that will feature a snack bar and restrooms.

"We are thrilled to be able to bring this level and style of resort living to the Delmarva Peninsula," states Larry A. Goldstein of Peninsula Longneck, LLC. "The Peninsula is destined to rival some of the most prestigious and exclusive residential vacation resorts on the East Coast."

The Peninsula's state-of-the-art Discovery Center will serve as its sales center, offering a concierge-level experience to all who visit. Prospective members will have the opportunity to view a DVD highlighting the entire Peninsula project as well as take a visit to "Jack's Room" and view a video narrated by Jack Nicklaus describing the Peninsula's Jack Nicklaus Signature Golf Course and featuring an animated view of three holes on the course.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 25 states and 11 countries. Additionally, 28 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Whirlwind Golf Club at Wild Horse Pass, Gila River (Phoenix), Ariz.; Whitetail Club, McCall, Idaho; Horseshoe Bay Golf Club, Egg Harbor, Wis.; The Revere Golf Club, Las Vegas, Nev.; Brookwater Golf Club, Queensland, Australia; and One & Only Palmilla, Los Cabos, Mexico.Scottsdale, Ariz. - Troon Golf,® the world leader in luxury golf management, development and marketing; and Peninsula at Longneck, LLC., announce the grand opening of The Peninsula's state-of-the-art Discovery Center and subsequent commencement of membership sales beginning May, 2004.

The Peninsula, Delaware's first upscale, private, gated, golf community sits on 800 acres near the popular Mid-Atlantic resort areas of Rehoboth and Dewey Beach. An easy drive from Washington, Baltimore, Philadelphia and the New York Metro area, The Peninsula offers a leisure experience not found anywhere else in the region. This exclusive community will feature a Jack Nicklaus Signature golf course, the Golden Bear's first private project in Delaware, as the centerpiece of the amenity-driven, residential resort community. Featuring 18 holes of championship golf, with seven holes hugging the pristine waterfront, the members-only Golf Complex is an environmentally sensitive, state-of-the-art facility that includes a plush clubhouse and full-service amenities. The golf course will preview in late 2005.

In addition to the impeccably maintained golf course, the magnificent clubhouse will afford resident members the renowned luxury and comfort of the TROON GOLF EXPERIENCE,sm exemplified by gracious personal attention, fine dining, and an array of entertaining club activities. Membership in The Peninsula will be available only to property owners. Residential options will include custom single-family homes, semi-custom town homes and villas, and condominiums.

Rounding out the $35 million amenity package at The Peninsula, a world-class Recreation Center will be the crossroads for swimming, exercise, and sports. It will include a full spectrum of all-season facilities as well as convenient retail shopping and dining. In addition to indoor and outdoor pools, an immense freshwater lagoon will be complete with an amazing waterslide, sand beach, and volleyball courts. There will be a fully equipped gym, aerobics room, spa, massage and sauna rooms, arts and crafts studios, and meeting rooms. And, an eight-court tennis center will include a stadium court with a viewing gallery, along with a tennis clubhouse that will feature a snack bar and restrooms.

"We are thrilled to be able to bring this level and style of resort living to the Delmarva Peninsula," states Larry A. Goldstein of Peninsula Longneck, LLC. "The Peninsula is destined to rival some of the most prestigious and exclusive residential vacation resorts on the East Coast."

The Peninsula's state-of-the-art Discovery Center will serve as its sales center, offering a concierge-level experience to all who visit. Prospective members will have the opportunity to view a DVD highlighting the entire Peninsula project as well as take a visit to "Jack's Room" and view a video narrated by Jack Nicklaus describing the Peninsula's Jack Nicklaus Signature Golf Course and featuring an animated view of three holes on the course.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 25 states and 11 countries. Additionally, 28 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Whirlwind Golf Club at Wild Horse Pass, Gila River (Phoenix), Ariz.; Whitetail Club, McCall, Idaho; Horseshoe Bay Golf Club, Egg Harbor, Wis.; The Revere Golf Club, Las Vegas, Nev.; Brookwater Golf Club, Queensland, Australia; and One & Only Palmilla, Los Cabos, Mexico.
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