Sequoia Golf Brochure 2014 | Page 6

PANTHER TRAIL | THE WOODLANDS, TX SEQUOIA BACKGROUND, GROWTH AND HISTORY 1965-2002 Canongate is founded by William Roquemore and the Patten Seed Company. Canongate I, the original Canongate club is completed. Canongate is originally founded with the ideal of providing membership based on value and variety. Six additional clubs are subsequently estabilshed by founders. 2003 The company’s founders sell Canongate to Sequoia Golf, which was formed in 2002 by Joe Guerra for the purpose of aquiring Canongate and other golf course-related investments. 2004-2006 Sequoia completes 10 aquistitions in Atlanta, bringing total owned clubs to 17. Year-end member count now exceeds 14,000, with over 650,000 total rounds played in 2006. 2007 Sequoia acquires The Woodlands Country Club (3 facilities) and the Oaks & Panther Trail resort courses located in The Woodlands, Texas, thereby establishing Sequoia’s initial platform outside of Atlanta, while also establishing a platinum membership (initiation fees of $32,500). 2008 Upgrade of the Peachtree City Canongate cluster completed and The Woodlands Country Club expansion initiated. Lake Windcrest and Magnolia Creek added to the Houston market. Sequoia portfolio increases to 25 facilities consisting of 531 golf holes. 2009 Sequoia Golf enters the Denver, Colorado market through the purchase of Blackstone and Black Bear. Sequoia also diversifies into third-party management services and is quickly selected to manage 12 properties. 2010 Sequoia Golf expands its third-party management portfolio by adding an additional 10 properties. At the end of 2010, Sequoia owns or manages over 50 properties. Over 1 million rounds of golf were played in 2010 at Sequoia facilities. 2011-2012 Sequoia Golf expands its management portfolio by adding Canebrake Country Club, The Ridges at Mountain Harbour, Fort Collins Country Club and also expands to California with the addition of Rancho Vista Golf Club and Pauma Valley Country Club. 2013 2014 Six courses are added to the management portfolio including Regatta Bay in Destin, Florida, Mill Creek Country Club in Seattle and The Royal Golf Group - consisting of a four course cluster located in the Chicagoland area. In addition, Sequoia Golf purchases three high-end country clubs in the north metro Atlanta area – Atlanta National Golf Club, White Columns Country Club and Polo Golf & Country Club, and signs a 20-year lease with Old Ranch Country Club in Seal Beach, California. Sequoia purchases The Manor Golf and Country Club, adding to the Sequoia Club cluster in Metro Atlanta. Spanish Hills Country Club signs management deal.