TROON GOLF CONTINUES INTERNATIONAL GROWTH THROUGH 2002

Posted on August 30, 2002

The Portfolio Grows by 18 New Properties Worldwide

Scottsdale, Arizona - Since January, Troon Golf,® the world's leading upscale golf management, development and marketing company, has added 18 new golf facilities and development projects to its prestigious international portfolio. Extending its comprehensive products and services to new golf course developers and owners worldwide, Troon Golf has carved its niche at the forefront of the golf management industry.

"Our performance to date affirms our capabilities as a global organization," stated Troon Golf Chairman and Chief Executive Officer, Dana Garmany. "Our commitment has always been to assure positive financial results for our partners and exceptional golf and club experiences for our guests."

2002 Domestic Acquisitions
D'Andrea Golf & Country Club
, Sparks, Nevada - Open since 2000 outside Reno, this semi-private facility features a Keith Foster layout that spans the high desert along an elevated plateau. As the striking focal point of the 861-acre master planned development, his natural handling of the hardy terrain provides straightforward play in open spaces, where the Reno skyline sets against the majestic Sierras that serve as a dramatic backdrop.

Estrella Mountain Ranch Golf Club, Goodyear, Arizona - Estrella Mountain Ranch Golf Club features a brilliant desert design by Jack Nicklaus II and is the focal point of the 20,000-acre Estrella Mountain Ranch master planned community. Opting for open fairways and long graceful contours in the desert setting, Nicklaus II showed remarkable individuality in his solo design debut in Arizona.

Flying Horse Ranch, Colorado Springs, Colorado - Under development in El Paso County, north of Colorado Springs, is a sensational Tom Weiskopf Signature golf course that will be the chief attraction in a 1600-acre development by Classic Homes.

Georgia Tech Club, Alpharetta, Georgia - The Melrose Company has selected Troon Golf to manage development and golf operations for the Georgia Tech Club, a private residential community that will showcase an 18-hole Signature golf course by Rees Jones. The project will serve as a host to University alumni, faculty and supporters, as well as provide a world-class training facility for the Yellow Jackets golf program.

Haig Point, Daufuskie Island, South Carolina - Sheathed in natural beauty, this exclusive residential enclave is set in the sea island forests along the Atlantic Ocean and across from Hilton Head Island, South Carolina, where residents and guests access the property by luxury ferry. Rees Jones designed the world-class 27-hole golf course to maximize sensory impact of the magnificent coastal setting.

Newport National Golf Club, Newport, Rhode Island - The long awaited 36-hole Newport National Golf Club, located on the Portsmouth/Middletown town line, beautifies over 400 acres on Aquidneck Island and already stands as one of the Northeast's finest golf club developments. The Orchard course was designed by Arthur Hills and the second course is a collaboration of PGA Tour veteran Brad Faxon and golf course architect Brad Booth, scheduled to open in 2004.

The Phoenician, Scottsdale, Arizona - Three unique nines stretch along the base of Camelback Mountain and combine the very best of a tropical oasis and desert-style play in the sensational desert resort setting. The golf club is open to resort guests as well as the public.

Poplar Hill Golf Club, Farmville, Virginia - PGA Tour veteran Curtis Strange collaborated with Rick Robbins in his signature golf course for the Poplar Inn and Conference Center and future residential development near to Hamden-Sydney and Longwood Colleges.

Tauqueta Falls Country Club, Rising Fawn, Georgia - Under development along the Georgia-Tennessee border and two hours north of Atlanta, Tauqueta Falls is a private gated community situated on top of Lookout Mountain featuring a stunning golf course by the noted designer, Rick Robbins.

Sheraton Steamboat Resort & Conference Center, Steamboat Springs, Colorado - Open since 1974, the spectacular Rocky Mountain golf venue features a high country design by Robert Trent Jones Jr. with help from PGA Tour veteran Tom Watson. The traditional-styled golf course plays at the foot of the mighty Steamboat Mountain, lined with cozy aspen glades and clearings along Fish Creek.

Whitetail Club, McCall, Idaho - Located along the scenic shores of Payette Lake, 100 miles north of Boise, Whitetail, a club for all seasons, now offers its members and guests a five-star experience in a natural, intimate rural lodge setting. The golf course designed by Roger Packard and Andy North serves a private membership, as well as registered resort guests.

Wildflower Resort, Grand Prairie, Texas - The 36-hole golf facility will feature the first Jack Nicklaus Signature Golf Course in the Dallas-Ft. Worth area, as well as the first golf course design by 22-year old PGA Tour star, Sergio Garcia. The two golf courses will be the centerpiece of an immense resort-commercial project stretching over a 1000-acre lakefront peninsula just south of the Dallas-Ft. Worth International Airport.

2002 International Acquisitions
Arabian Ranches
, Dubai, United Arab Emirates - Ian Baker Finch makes his design debut in the formidable Dubai desert. The course is scheduled to open in late 2003 with a second golf course by Peter Harradine to follow at a later date. Arabian Ranches will offer residential memberships and future plans include a resort complex.

Cap Cana, Dominican Republic - Contracted by Grupo del Caribe, Troon Golf is overseeing the construction of three Jack Nicklaus Signature golf courses for the multi-billion-dollar, 30,000-acre world-class resort under development on the eastern tip of the island. The first Cap Cana course opens in 2002.

Denarau Golf & Racquet Club, Denarau Island, Fiji - This exclusive sports club for guests of Sheraton Resorts and Villas blends with the Denarau Island's extensive tidal waterways and picturesque water, adding further beauty to the challenge of this championship golf course.

Palmilla Resort & Golf Club, Los Cabos, Mexico - Palmilla is a classic hotel and revered as one of the world's most secluded yet easily accessible vacation retreats. The 27-hole golf facility is a Jack Nicklaus Signature design that captures the challenge and drama of Baja's rugged desert-tropic terrain and spellbinding views of the Sea of Cortez.

Terralta Club de Golf, Monterrey, Mexico - Terralta is a residential golf community of uncommon beauty set in the rugged landscapes of Monterrey's Sierra Madre Mountains. The development is situated more than 3,000 feet above sea level allowing outstanding views of the topography of the land.

Tres Vidas, Acapulco, Mexico - Reconstructed by Robert von Hagge in 1995, this 18-hole masterpiece features five holes extended above the beach and overlooking the Pacific Ocean. Nine lakes accent the palm-lined fairways, adding beauty and challenge to every golf experience.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 120 clubs located in 23 states and 10 countries. Additionally, 23 Troon Golf facilities 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, Arizona; Newport National Golf Club, Middletown, Rhode Island; The Westin Innisbrook Resort, Tampa Bay, Florida; Huntingdale Golf Club, Victoria, Australia; and Ocean Club, Paradise Island, Bahamas.Scottsdale, Arizona - Since January, Troon Golf,® the world's leading upscale golf management, development and marketing company, has added 18 new golf facilities and development projects to its prestigious international portfolio. Extending its comprehensive products and services to new golf course developers and owners worldwide, Troon Golf has carved its niche at the forefront of the golf management industry.

"Our performance to date affirms our capabilities as a global organization," stated Troon Golf Chairman and Chief Executive Officer, Dana Garmany. "Our commitment has always been to assure positive financial results for our partners and exceptional golf and club experiences for our guests."

2002 Domestic Acquisitions
D'Andrea Golf & Country Club
, Sparks, Nevada - Open since 2000 outside Reno, this semi-private facility features a Keith Foster layout that spans the high desert along an elevated plateau. As the striking focal point of the 861-acre master planned development, his natural handling of the hardy terrain provides straightforward play in open spaces, where the Reno skyline sets against the majestic Sierras that serve as a dramatic backdrop.

Estrella Mountain Ranch Golf Club, Goodyear, Arizona - Estrella Mountain Ranch Golf Club features a brilliant desert design by Jack Nicklaus II and is the focal point of the 20,000-acre Estrella Mountain Ranch master planned community. Opting for open fairways and long graceful contours in the desert setting, Nicklaus II showed remarkable individuality in his solo design debut in Arizona.

Flying Horse Ranch, Colorado Springs, Colorado - Under development in El Paso County, north of Colorado Springs, is a sensational Tom Weiskopf Signature golf course that will be the chief attraction in a 1600-acre development by Classic Homes.

Georgia Tech Club, Alpharetta, Georgia - The Melrose Company has selected Troon Golf to manage development and golf operations for the Georgia Tech Club, a private residential community that will showcase an 18-hole Signature golf course by Rees Jones. The project will serve as a host to University alumni, faculty and supporters, as well as provide a world-class training facility for the Yellow Jackets golf program.

Haig Point, Daufuskie Island, South Carolina - Sheathed in natural beauty, this exclusive residential enclave is set in the sea island forests along the Atlantic Ocean and across from Hilton Head Island, South Carolina, where residents and guests access the property by luxury ferry. Rees Jones designed the world-class 27-hole golf course to maximize sensory impact of the magnificent coastal setting.

Newport National Golf Club, Newport, Rhode Island - The long awaited 36-hole Newport National Golf Club, located on the Portsmouth/Middletown town line, beautifies over 400 acres on Aquidneck Island and already stands as one of the Northeast's finest golf club developments. The Orchard course was designed by Arthur Hills and the second course is a collaboration of PGA Tour veteran Brad Faxon and golf course architect Brad Booth, scheduled to open in 2004.

The Phoenician, Scottsdale, Arizona - Three unique nines stretch along the base of Camelback Mountain and combine the very best of a tropical oasis and desert-style play in the sensational desert resort setting. The golf club is open to resort guests as well as the public.

Poplar Hill Golf Club, Farmville, Virginia - PGA Tour veteran Curtis Strange collaborated with Rick Robbins in his signature golf course for the Poplar Inn and Conference Center and future residential development near to Hamden-Sydney and Longwood Colleges.

Tauqueta Falls Country Club, Rising Fawn, Georgia - Under development along the Georgia-Tennessee border and two hours north of Atlanta, Tauqueta Falls is a private gated community situated on top of Lookout Mountain featuring a stunning golf course by the noted designer, Rick Robbins.

Sheraton Steamboat Resort & Conference Center, Steamboat Springs, Colorado - Open since 1974, the spectacular Rocky Mountain golf venue features a high country design by Robert Trent Jones Jr. with help from PGA Tour veteran Tom Watson. The traditional-styled golf course plays at the foot of the mighty Steamboat Mountain, lined with cozy aspen glades and clearings along Fish Creek.

Whitetail Club, McCall, Idaho - Located along the scenic shores of Payette Lake, 100 miles north of Boise, Whitetail, a club for all seasons, now offers its members and guests a five-star experience in a natural, intimate rural lodge setting. The golf course designed by Roger Packard and Andy North serves a private membership, as well as registered resort guests.

Wildflower Resort, Grand Prairie, Texas - The 36-hole golf facility will feature the first Jack Nicklaus Signature Golf Course in the Dallas-Ft. Worth area, as well as the first golf course design by 22-year old PGA Tour star, Sergio Garcia. The two golf courses will be the centerpiece of an immense resort-commercial project stretching over a 1000-acre lakefront peninsula just south of the Dallas-Ft. Worth International Airport.

2002 International Acquisitions
Arabian Ranches
, Dubai, United Arab Emirates - Ian Baker Finch makes his design debut in the formidable Dubai desert. The course is scheduled to open in late 2003 with a second golf course by Peter Harradine to follow at a later date. Arabian Ranches will offer residential memberships and future plans include a resort complex.

Cap Cana, Dominican Republic - Contracted by Grupo del Caribe, Troon Golf is overseeing the construction of three Jack Nicklaus Signature golf courses for the multi-billion-dollar, 30,000-acre world-class resort under development on the eastern tip of the island. The first Cap Cana course opens in 2002.

Denarau Golf & Racquet Club, Denarau Island, Fiji - This exclusive sports club for guests of Sheraton Resorts and Villas blends with the Denarau Island's extensive tidal waterways and picturesque water, adding further beauty to the challenge of this championship golf course.

Palmilla Resort & Golf Club, Los Cabos, Mexico - Palmilla is a classic hotel and revered as one of the world's most secluded yet easily accessible vacation retreats. The 27-hole golf facility is a Jack Nicklaus Signature design that captures the challenge and drama of Baja's rugged desert-tropic terrain and spellbinding views of the Sea of Cortez.

Terralta Club de Golf, Monterrey, Mexico - Terralta is a residential golf community of uncommon beauty set in the rugged landscapes of Monterrey's Sierra Madre Mountains. The development is situated more than 3,000 feet above sea level allowing outstanding views of the topography of the land.

Tres Vidas, Acapulco, Mexico - Reconstructed by Robert von Hagge in 1995, this 18-hole masterpiece features five holes extended above the beach and overlooking the Pacific Ocean. Nine lakes accent the palm-lined fairways, adding beauty and challenge to every golf experience.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 120 clubs located in 23 states and 10 countries. Additionally, 23 Troon Golf facilities 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, Arizona; Newport National Golf Club, Middletown, Rhode Island; The Westin Innisbrook Resort, Tampa Bay, Florida; Huntingdale Golf Club, Victoria, Australia; and Ocean Club, Paradise Island, Bahamas.
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