MOON VALLEY COUNTRY CLUB IS LATEST ADDITION TO THE TROON GOLF PORTFOLIO

Posted on March 26, 2004

After Experiencing First Hand Results, The Members Vote to Retain Troon Golf

Scottsdale, Ariz. - Celebrating a new era, the members of Moon Valley Country Club recently assumed ownership of the venerable north Phoenix facility, having successfully purchased the club from KMC Manufacturing (PING). In this exciting transition, the membership have appointed Troon Golf,® the world leader in luxury golf management, development, and marketing, to manage Moon Valley Country Club.

In its decision to sell Moon Valley, KMC Manufacturing retained Troon Golf to manage the club through the lengthy transition of finding a buyer and transferring ownership. In that time, as the Moon Valley Board and members assembled their bid and arranged financing, they enjoyed the opportunity to observe and experience Troon Golf in action on their own premises.

"This gave the Moon Valley members a tremendous advantage over other interested parties in understanding how their club should and could be properly managed. They could grasp the scope of these operations and the many advantages of hiring a professional management team," stated Troon Golf Executive Vice President, Operations, John Easterbrook. "Moon Valley Country Club is a magnificent private facility with a highly regarded membership. Troon Golf will work closely with the members to improve the operation and deliver the refined private club experience its members and guests envision."

Established in 1959, Moon Valley Country Club features the newly renovated championship golf course, which for many years hosted the LPGA Tour, as well as the 18-hole Moon Walk short course. The 100,000 square-foot clubhouse and facilities include the restaurant and food & beverage services, multi-court tennis facility, swimming pool, and fitness center with full-court basketball. In addition to golf, Troon Golf management services encompass all club operations from administrative, human resources, and membership sales.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 courses located in 25 states and 12 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; Talking Stick Golf Club, Scottsdale, Ariz.; The Crosby Club, San Diego, Calif.; The Sagamore Club, Indianapolis, Ind.; The Ridge at Castle Pines North, Castle Rock, Colo.; Brookwater Golf Club, Queensland, Australia; and The Grove, London, England.Scottsdale, Ariz. - Celebrating a new era, the members of Moon Valley Country Club recently assumed ownership of the venerable north Phoenix facility, having successfully purchased the club from KMC Manufacturing (PING). In this exciting transition, the membership have appointed Troon Golf,® the world leader in luxury golf management, development, and marketing, to manage Moon Valley Country Club.

In its decision to sell Moon Valley, KMC Manufacturing retained Troon Golf to manage the club through the lengthy transition of finding a buyer and transferring ownership. In that time, as the Moon Valley Board and members assembled their bid and arranged financing, they enjoyed the opportunity to observe and experience Troon Golf in action on their own premises.

"This gave the Moon Valley members a tremendous advantage over other interested parties in understanding how their club should and could be properly managed. They could grasp the scope of these operations and the many advantages of hiring a professional management team," stated Troon Golf Executive Vice President, Operations, John Easterbrook. "Moon Valley Country Club is a magnificent private facility with a highly regarded membership. Troon Golf will work closely with the members to improve the operation and deliver the refined private club experience its members and guests envision."

Established in 1959, Moon Valley Country Club features the newly renovated championship golf course, which for many years hosted the LPGA Tour, as well as the 18-hole Moon Walk short course. The 100,000 square-foot clubhouse and facilities include the restaurant and food & beverage services, multi-court tennis facility, swimming pool, and fitness center with full-court basketball. In addition to golf, Troon Golf management services encompass all club operations from administrative, human resources, and membership sales.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 courses located in 25 states and 12 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; Talking Stick Golf Club, Scottsdale, Ariz.; The Crosby Club, San Diego, Calif.; The Sagamore Club, Indianapolis, Ind.; The Ridge at Castle Pines North, Castle Rock, Colo.; Brookwater Golf Club, Queensland, Australia; and The Grove, London, England.
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