TROON GOLF ASSUMES MANAGEMENT OF OCOTILLO GOLF RESORT

Posted on April 16, 2003

The TROON GOLF EXPERIENCEsm Expands on the Reputation and Stature of an Arizona Favorite

Scottsdale, Ariz. - Bernie Hoogestraat, President and Chief Executive Officer of the Ocotillo Companies is pleased to announce completion of a long term contract with Troon Golf,® the world leader in luxury golf management, to oversee operations of Ocotillo Golf Resort and help complete his long range vision for this extraordinary 27-hole parkland oasis in Chandler, Arizona.

"We are excited to be associated with Troon Golf, and look forward to our role as a partner in their worldwide family of exceptional golf facilities," says Hoogestraat. "We value the recognition that comes with the Troon Golf brand and are thrilled to extend the TROON GOLF EXPERIENCE to our regular guests and those who have yet to discover the special beauty of Ocotillo."

Built in 1986 as an idyllic complement to desert-style golf, Ted Robinson's design of three striking nine-hole layouts that wind through 95 acres of lakes and cascading water features is truly one-of-a-kind in Arizona. Fully mature trees and lush landscaping contribute significantly to the comfort, beauty, and challenge. Recent renovations to the course extended its length to over 7,000 yards, which now makes any 18-hole combination of the Gold, Blue and White nines an exceptionally exciting tournament venue.

Located in the upscale Ocotillo Master-Planned Community, the quality of the golf course combined with the comfort and casual elegance of its award-winning facility has made the Ocotillo Golf Resort a feature attraction of Chandler. The golf shop ranks among the country's best. Bernard's restaurant and the Crown Terrace Ballroom are the perfect venue for meetings and events of every occasion from corporate seminars and charitable golf tournaments to formal weddings and casual gatherings among friends.

"We regard Ocotillo Golf Resort as an esteemed addition to our family of Troon Golf courses," stated Troon Golf Executive Vice President, Acquisition & Development, Tim Schantz. "Our company is always honored to partner with a facility where the overall level of excellence is as firmly established as at Ocotillo."

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 25 states and 11 countries, 28 of which enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Troon North Golf Club, Scottsdale, Ariz.; The Crosby National Golf Club, San Diego, Calif.; Gaillardia Country Club, Oklahoma City, Okla.; The Ridge at Castle Pines North, Castle Rock, Colo.; Huntingdale Golf Club, Victoria, Australia; Terralta Club de Golf, Monterrey, Mexico and The Grove, London, England.Scottsdale, Ariz. - Bernie Hoogestraat, President and Chief Executive Officer of the Ocotillo Companies is pleased to announce completion of a long term contract with Troon Golf,® the world leader in luxury golf management, to oversee operations of Ocotillo Golf Resort and help complete his long range vision for this extraordinary 27-hole parkland oasis in Chandler, Arizona.

"We are excited to be associated with Troon Golf, and look forward to our role as a partner in their worldwide family of exceptional golf facilities," says Hoogestraat. "We value the recognition that comes with the Troon Golf brand and are thrilled to extend the TROON GOLF EXPERIENCE to our regular guests and those who have yet to discover the special beauty of Ocotillo."

Built in 1986 as an idyllic complement to desert-style golf, Ted Robinson's design of three striking nine-hole layouts that wind through 95 acres of lakes and cascading water features is truly one-of-a-kind in Arizona. Fully mature trees and lush landscaping contribute significantly to the comfort, beauty, and challenge. Recent renovations to the course extended its length to over 7,000 yards, which now makes any 18-hole combination of the Gold, Blue and White nines an exceptionally exciting tournament venue.

Located in the upscale Ocotillo Master-Planned Community, the quality of the golf course combined with the comfort and casual elegance of its award-winning facility has made the Ocotillo Golf Resort a feature attraction of Chandler. The golf shop ranks among the country's best. Bernard's restaurant and the Crown Terrace Ballroom are the perfect venue for meetings and events of every occasion from corporate seminars and charitable golf tournaments to formal weddings and casual gatherings among friends.

"We regard Ocotillo Golf Resort as an esteemed addition to our family of Troon Golf courses," stated Troon Golf Executive Vice President, Acquisition & Development, Tim Schantz. "Our company is always honored to partner with a facility where the overall level of excellence is as firmly established as at Ocotillo."

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 25 states and 11 countries, 28 of which enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Troon North Golf Club, Scottsdale, Ariz.; The Crosby National Golf Club, San Diego, Calif.; Gaillardia Country Club, Oklahoma City, Okla.; The Ridge at Castle Pines North, Castle Rock, Colo.; Huntingdale Golf Club, Victoria, Australia; Terralta Club de Golf, Monterrey, Mexico and The Grove, London, England.
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