Heritage Golf Group Digital Flipbook 2023

A Vibrant, Innovative Hospitality Company Delivering Quality Experiences Stone Harbor Golf Club Cape May Courthouse, NJ

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Our Board of Directors selected Heritage Golf Group as the buyer of choice over several other golf club owner/operators. Since then, we could not be happier. The company has gone above and beyond to deliver everything promised, including investing significantly more than expected in capital improvements. The senior executives at Heritage continue to remain very hands-on, and they listen and respond to our feedback. It has truly been a great partnership.”

Nick Greto

Chairman of the Board Knollwood Country Club

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Boulder Ridge Country Club Knollwood Country Club, Est. 1894 Lake in the Hills, IL Westchester County, NY

Table of Contents

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About Heritage Golf Group Portfolio & Timeline President & CEO Message Employee Engagement & Growth Development & Acquisitions

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` Club WingHaven Country O’Fallon, MO

Boulder Ridge Country Club

Cape Fear National Golf Club

Lake in the Hills, IL

Leland, NC

About Heritage Golf Group Heritage Golf Group is a boutique owner-operator of upscale private country clubs and daily fee/destination golf courses.

The company specializes in lifestyle membership offerings and extraordinary experiences for avid golfers and the whole family.

Led by President & CEO Mark Burnett, Heritage Golf Group’s diverse and successful leadership team members each have more than 25 years of hospitality and private club, daily fee and destination golf experiences.

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Since 2020, the company has been financially backed by KSL Capital, a multi-billion dollar equity firm specializing in resorts, clubs and other hospitality businesses, giving Heritage the resources to grow and invest in its properties while remaining a boutique owner-operator. Mark Burnett and KSL have a rich history in the golf and destination resort industries with an award-winning portfolio of legendary clubs and resorts. For more background information, go to www.kslcapital.com.

Heritage Golf Group owns and operates golf properties in more than a dozen states and is continuing to grow through new club acquisitions.

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Portfolio & Acquisition Timeline

CLUBS The HeritageNETWORK Network ofOF Clubs THE HERITAGE

Travel Like a Pro with the Heritage Plus+ Network Golf Members at Heritage Golf Group properties have a unique opportunity to experience the entire network of Heritage clubs through the Heritage Plus+ program. Heritage Plus+ members receive benefits at participating clubs including exclusive discounts, complimentary rental clubs and more. Golf Members can learn more about upgrading to the Plus+ membership by contacting their local clubs.

PRIVATE CLUB | PUBLIC COURSE

KNOLLWOOD COUNTRY CLUB FOX HILLS GOLF CLUB

RIVER CLUB OF MEQUON

BASKING RIDGE COUNTRY CLUB SHACKAMAXON COUNTRY CLUB STANTON RIDGE GOLF & COUNTRY CLUB STONE HARBOR GOLF CLUB

BOULDER RIDGE COUNTRY CLUB WHITE DEER RUN GOLF CLUB COLORADO NATIONAL GOLF CLUB PLUM CREEK GOLF CLUB GOLF CLUB AT BEAR DANCE

1757 GOLF CLUB WINGHAVEN COUNTRY CLUB THE LEGENDS COUNTRY CLUB

THE DOMINION CLUB

CAPE FEAR NATIONAL

BRUNSWICK PLANTATION GOLF CLUB

GRANDE DUNES MEMBERS CLUB INVERNESS COUNTRY CLUB RIVERCHASE COUNTRY CLUB SAVANNAH QUARTERS COUNTRY CLUB

SHIPYARD GOLF CLUB PORT ROYAL GOLF & RACQUET CLUB OYSTER REEF GOLF CLUB PALMETTO HALL GOLF & COUNTRY CLUB

DEERCREEK COUNTRY CLUB

TPC TAMPA BAY TPC PRESTANCIA VENETIAN GOLF CLUB THE CLUB AT PELICAN PRESERVE

Lutz, FL

THE CLUB AT BOCA POINTE

THE CLUB AT GRANDÉZZA

March 2021

PRIVATE CLUB | PUBLIC COURSE

January 2020 Heritage Golf Group Purchased by KSL Capital

2020

July 2020

Boulder Ridge Country Club Acquired

August 2021

River Club of Mequon Acquired

Stanton Ridge Golf & Country Club Acquired

The Club at Boca Pointe Acquired

December 2020

April 2021 1757 Golf Club Acquired White Deer Run Golf Club Acquired

2021

Knollwood Country Club Shackamaxon Country Club River Club of Mequon Heritage Golf Group Purchased by KSL Capital 6

November 2022

Colorado National Golf Club Acquired

The Club at Pelican Preserve Acquired

Palmetto Hall Golf

& Country Club WingHaven Acquired Country Club

Stanton Ridge Golf & December 2021 March 2022 Country Club WingHaven Cape Fear National Country Club Acquired

August 2022

June 2022

Venetian Golf Club Boulder Ridge Country Acquired Club

Knollwood Country Club Acquired Shackamaxon Country Club Acquired

January 2022 Basking Ridge Country Club Acquired

Golf Club Acquired

Brunswick Plantation Golf Club Acquired

White Deer Run Golf Club

Golf Club at Bear Dance Acquired

Stone Harbor

Golf Club Brunswick Acquired Plantation Golf Club

Golf Club at Bear Dance

Palmetto Hall Golf & September 2023 The Club at Grandézza Country Club

July 2022

October 2022

March 2023

Savannah Quarters Country Club Acquired

Inverness Country Club Acquired

Grande Dunes Members Club Acquired

Riverchase Country Club Acquired

2022

Colorado National Golf Club

Plum Creek Golf Club Acquired

Fox Hills Golf & Banquet Center Acquired

The Club at Boca Pointe 1757 Golf Club

The Legends Country Club Acquired

June 2023 Cape Fear National Deercreek Country Club Golf Club Acquired

Venetian Golf Club

Plum Creek Golf Club

Acquired

2023

Basking Ridge Country Club The Club at Pelican Preserve

The Club at Grandezza

Savannah Quarters Country Club

Deercreek Country Club

Grande Dunes Members Club

Stone Harbor Golf Club

The Legends Country Club Fox Hills Golf & Banquet Center

Inverness Country Club Riverchase Country Club 7

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Golf Club at Bear Dance

President & CEO Message

Everything we do at Heritage Golf Group is centered on one goal: create memorable and welcoming communities for our club members and guests.

Our entire executive team is committed to supporting our 3,300+ employees, making significant capital investments and driving value at every level.

Meet Mark Burnett

Heritage Golf Group President & CEO Mark Burnett has served as Heritage Golf Group’s President and CEO since January 2020.

Mark previously was President and COO of ClubCorp (now Invited), where he was responsible for operations, acquisitions, sales and reinvention of the multibillion dollar company from 2007 through mid 2018. During his leadership, more than 70 new clubs were acquired and over $750 million was reinvested into club facilities and amenities, causing club memberships to skyrocket.

Mark has also held executive leadership positions at various golf companies and has significant entrepreneurial experiences outside of golf as well. He has a myriad of industry experience participating in advisory boards, panels and speaking engagements with organizations such as Golf 2020, NGCOA, PGA of America “Growing the Game” and the National First Tee. Mark holds a B.S. in business management from Indiana University.

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Larkspur, CO

Our Employee Engagement & Growth Existing employees of acquired clubs choose to stay post acquisition, and Heritage Golf Group chooses to keep existing employees in place for the long term. Retention of employee leaders at the club level upon acquisition is remarkably high greater than 90 percent. Heritage understands that the high quality of its clubs is directly related to the high quality of its valuable employees at the club level.

How do we do it?

Heritage Golf Group believes that employees are the lifeblood of the member and guest experience. The company works hard to take care of its people, and it has created a culture of shared vision, passion and purpose throughout all of its clubs.

With Heritage Golf Group’s wide span of properties across the country, its 3,300+ employees are offered immense opportunities for advancement within the local markets and at owned clubs across the portfolio.

The Heritage Cares Foundation Heritage Golf Group knows how important it is to support each other in time of need.

That’s why the Heritage Cares Foundation was created. Heritage Cares Foundation is a fund available to employees to help during life’s emergencies. This fund is activated in response to unforeseen hardships, like natural disasters and family illnesses.

Heritage Golf Group also proudly supports charitable organizations that are important to members and employees.

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We have been very impressed with the respect, integrity and vision exhibited by the Heritage leaders throughout the transitioning process; and we have much confidence The Club at Grandezza is being placed into a forward-thinking and dedicated ownership which will care for the well-being of The Club’s future.”

Development & Acquisitions Heritage Golf Group protects the legacy of the golf clubs it owns and operates while investing new capital to provide innovative lifestyle offerings that build equity for the future generations of families.

Our Process: Heritage Golf Group has a highly successful process for creating a smooth transition for club members and employees. Upon acquiring a club, the company first hosts a series of meetings and focus groups with employees and club members, to find out what they want to see in an owner/operator. Only after these conversations take place will Heritage Golf Group develop an enhanced operations and capital improvement plan.

Gravitas, LLC

AFTER

BEFORE

Shackamaxon Country Club

Shackamaxon Country Club

Scotch Plains, NJ

BEFORE

Scotch Plains, NJ

AFTER

Heritage establishes a Board of Advisors and special committees that give employees and members opportunities to provide input on the club’s future and stay informed about progress.

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Heritage Golf Group commits sizable investments to improve its newly acquired clubs, overseen by a specialized team of designers and construction managers with the proven ability to transform a club into a vibrant market leader.

Sarasota, FL

Sarasota, FL

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www.heritagegolfgroup.com 12

info@heritagegolfgroup.com 703.570.4955

Savannah Quarters Country Club Pooler, GA