TROON GOLF NAMES RICHARD TRUEBLOOD as CHIEF FINANCIAL OFFICER

Posted on September 14, 2001

Recent Promotions Reflect Troon Golf Development as a Global Company

SCOTTSDALE, AZ - The Board of Directors of Troon Golf, the world's leading luxury golf management, development, and marketing company, announced Richard L. Trueblood has been appointed the company's new Executive Vice President and Chief Financial Officer.

Mr. Trueblood moves to Troon Golf from Heritage Property Investment Trust, where he served as Chief Financial Officer for the $2 billion real estate investment trust. Prior to that he held the position of Senior Vice President - Finance with Promus Hotel Corporation following a 23-year tenure as a Partner with KPMG - Peat Marwick LLP.

"As we continue our growth and cement our position as golf's foremost luxury brand and operator, we need people like Dick to further elevate our company," stated Troon Golf Chairman and Chief Executive Officer Dana Garmany. "Our desire is not just for Troon Golf to be recognized as one of the best in the golf industry, but rather, to be recognized as one of the best organizations among all industries. We are confident that the addition of Richard Trueblood provides us with one more important stepping stone in this direction."

"We are very fortunate to have Dick join Troon Golf as our Chief Financial Officer," stated Troon Golf President and Chief Operating Officer Hud Hinton. "His experience will be invaluable to us as we continue our global expansion."

In a related action, the Board also announced the appointment of Troon Golf financial officer Jon Munson to the newly created position of Senior Vice President, Finance. Munson joined Troon Golf in 1992 following a stint with Ernst and Young.

Based in Scottsdale, Arizona, Troon Golf represents over 90 golf courses located in 18 states and nine countries. Properties include internationally renowned venues such as Turnberry Hotel, Golf Courses & Spa, Ayrshire, Scotland; Troon North Golf Club, Scottsdale, Arizona; Ocean Course, Paradise Island, Bahamas; The Ridge at Castle Pines North, Castle Rock, Colorado; The Westin La Cantera Resort, San Antonio, Texas; and Cabo del Sol in Los Cabos, Mexico. SCOTTSDALE, AZ - The Board of Directors of Troon Golf, the world's leading luxury golf management, development, and marketing company, announced Richard L. Trueblood has been appointed the company's new Executive Vice President and Chief Financial Officer.

Mr. Trueblood moves to Troon Golf from Heritage Property Investment Trust, where he served as Chief Financial Officer for the $2 billion real estate investment trust. Prior to that he held the position of Senior Vice President - Finance with Promus Hotel Corporation following a 23-year tenure as a Partner with KPMG - Peat Marwick LLP.

"As we continue our growth and cement our position as golf's foremost luxury brand and operator, we need people like Dick to further elevate our company," stated Troon Golf Chairman and Chief Executive Officer Dana Garmany. "Our desire is not just for Troon Golf to be recognized as one of the best in the golf industry, but rather, to be recognized as one of the best organizations among all industries. We are confident that the addition of Richard Trueblood provides us with one more important stepping stone in this direction."

"We are very fortunate to have Dick join Troon Golf as our Chief Financial Officer," stated Troon Golf President and Chief Operating Officer Hud Hinton. "His experience will be invaluable to us as we continue our global expansion."

In a related action, the Board also announced the appointment of Troon Golf financial officer Jon Munson to the newly created position of Senior Vice President, Finance. Munson joined Troon Golf in 1992 following a stint with Ernst and Young.

Based in Scottsdale, Arizona, Troon Golf represents over 90 golf courses located in 18 states and nine countries. Properties include internationally renowned venues such as Turnberry Hotel, Golf Courses & Spa, Ayrshire, Scotland; Troon North Golf Club, Scottsdale, Arizona; Ocean Course, Paradise Island, Bahamas; The Ridge at Castle Pines North, Castle Rock, Colorado; The Westin La Cantera Resort, San Antonio, Texas; and Cabo del Sol in Los Cabos, Mexico.
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