TROON GOLF APPOINTED TO MANAGE ALPENSIA GOLF & COUNTRY CLUB

Posted on May 18, 2007

$1.8 Billion Development Adds 45 Holes to Asia Portfolio

Scottsdale, Ariz. -Troon Golf,® the leader in upscale golf course management, development and marketing has further established its presence in Asia by agreeing to manage Alpensia Golf & Country Club. Located in Gangwondo Province, Korea, the club is a component of the Alpensia Resort, a $1.8 billion development project.

Amidst a burgeoning golf market, Alpensia Golf & Country Club will become one of only 300 courses in Korea, serving over three million golfers. The club will feature 45 holes of championship golf, including 27-holes designed by Robert Trent Jones Jr. Gang Won do Development Corporation, the project's developer, also plans to build two hotels, a village centre with 500 apartments and Olympic-quality ski facilities. The resort is due for completion at the end of 2008 and is a candidate for the 2014 Winter Olympic Games, which will be announced in June of this year.

The Alpensia Resort will look to become a year-round destination by offering its unparalleled golf facility in the summer and its exceptional ski facilities in the winter.

"By combining Troon Golf's commitment to excellence with world-class amenities, the Alpensia Resort will become a leading lifestyle and recreational destination," said Kurt Michelsen, vice president and managing director, Troon Golf Australia-Pacific. "From a growth perspective, Troon Golf believes that Asia will be the dominant global market for the next five years."

Headquartered in Scottsdale, Arizona, Troon Golf is the world's largest golf management company, overseeing operations at more than 185 courses located in 31 states and 23 countries. Additionally, 38 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include Oneida Golf and Country Club, Green Bay, Wis.; The Westin Turnberry Resort, Ayrshire, Scotland; Classic Club, Palm Desert, Calif.; Troon North Golf Club, Scottsdale, Ariz.; Haig Point, Daufuskie Island, S.C.; Azalea Golf Course, Sao Miguel, Azores; Playa Mujeres Golf Club, Cancun, Mexico; The Dunes at Dubai Sports City, Dubai, UAE; and The Grove, London, England.Scottsdale, Ariz. -Troon Golf,® the leader in upscale golf course management, development and marketing has further established its presence in Asia by agreeing to manage Alpensia Golf & Country Club. Located in Gangwondo Province, Korea, the club is a component of the Alpensia Resort, a $1.8 billion development project.

Amidst a burgeoning golf market, Alpensia Golf & Country Club will become one of only 300 courses in Korea, serving over three million golfers. The club will feature 45 holes of championship golf, including 27-holes designed by Robert Trent Jones Jr. Gang Won do Development Corporation, the project's developer, also plans to build two hotels, a village centre with 500 apartments and Olympic-quality ski facilities. The resort is due for completion at the end of 2008 and is a candidate for the 2014 Winter Olympic Games, which will be announced in June of this year.

The Alpensia Resort will look to become a year-round destination by offering its unparalleled golf facility in the summer and its exceptional ski facilities in the winter.

"By combining Troon Golf's commitment to excellence with world-class amenities, the Alpensia Resort will become a leading lifestyle and recreational destination," said Kurt Michelsen, vice president and managing director, Troon Golf Australia-Pacific. "From a growth perspective, Troon Golf believes that Asia will be the dominant global market for the next five years."

Headquartered in Scottsdale, Arizona, Troon Golf is the world's largest golf management company, overseeing operations at more than 185 courses located in 31 states and 23 countries. Additionally, 38 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include Oneida Golf and Country Club, Green Bay, Wis.; The Westin Turnberry Resort, Ayrshire, Scotland; Classic Club, Palm Desert, Calif.; Troon North Golf Club, Scottsdale, Ariz.; Haig Point, Daufuskie Island, S.C.; Azalea Golf Course, Sao Miguel, Azores; Playa Mujeres Golf Club, Cancun, Mexico; The Dunes at Dubai Sports City, Dubai, UAE; and The Grove, London, England.
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