1.8 Billion Over Par

photography courtesy of Pinehurst Resort 

In October, Dallas-based ClubCorp announced the sale of its portfolio of 170 golf clubs and resorts to KSL Capital Partners for a reported $1.8 billion. Founded by Robert H. Dedman in 1957, ClubCorp’s roster of nationally recognized resorts includes Barton Creek Resort & Spa in Austin and Mission Hills Country Club in Rancho Mirage, Calif. The Dedman family will relinquish control of all but one club, Pinehurst Resort in North Carolina, the site of more championships than any other golf course in the country, which features a bronze likeness of Dedman.


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