[October 20, 2014]

Bay Club Expands Its Marin Campus, Acquires StoneTree Golf Club

The Bay Club Company, a California-based active lifestyle company, today announced the purchase of StoneTree Golf Club in Novato, CA (News - Alert). The transaction is the first in a series of acquisitions planned to transform traditional golf courses into modernized country clubs with a blend of hospitality, sports and recreational offerings that capitalize on changing consumer demands.

"This is just the beginning. We have identified and are in active conversations with several attractive acquisition candidates (including golf clubs) across California, which would complement our East Bay, Los Gatos, Redwood Shores and San Diego campuses," explained President and CEO Matthew Stevens. "We are creating resorts without room keys that focus on four categories: Fitness, Sports and Recreation, Family and Kids, and Hospitality. With this acquisition, Bay Club strengthens its position as the market leader at providing the best member experience across these categories."

The Bay Club Company recently completed a successful brand realignment to move more deeply into the hospitality industry and position itself for expansion, a move that culminated in the management team partnering with York Capital Management to purchase the Company in June 2014.

Bay Club StoneTree will become part of the Marin Campus, which also includes a 60,000 square-foot athletic club in Corte Madera and a 2.6 acre sim and tennis club in Kentfield. Victor Woo, Executive Vice President of The Bay Club Company, stated: "Bay Club has been a part of the San Francisco community for more than 35 years with clubs in Corte Madera and Kentfield plus eight other locations in San Francisco and the South Bay. We understand what our members are asking for - and we know that today's parents are busier than ever. Bay Club StoneTree will enhance our membership offerings with outdoor recreation opportunities as well as social club amenities for our 50,000+ members."

Upgrading Bay Club StoneTree

The 132-acre property, which is being renamed Bay Club StoneTree, consists of an 18-hole golf course amid a bounty of natural beauty with views of Mt. Tamalpais, Mt. Burdell and the Coastal Range. In addition, the 20,000 square-foot clubhouse is reminiscent of a California craftsman country estate, welcoming members in a grand, yet understated style. The balcony and expansive outdoor terrace provide panoramic vistas of Northern Marin. Bay Club has earmarked up to $10 million for renovations including a new golf practice facility, upgrades to the clubhouse, introduction of its signature products Café 77 and Seventy-Seven Bar & Lounge, as well as other luxury resort-level amenities.

Hospitality Veterans Take the Lead

The Bay Club Company also announced two key new hires to further enrich its offering at Bay Club StoneTree. Bay Area hospitality veteran David Ezzo, formerly Director of Operations at Cavallo Point Lodge in Sausalito, has been named Vice President and General Manager of Bay Club StoneTree. Leanne Kamekona, named Executive Chef and Vice President of Food & Beverage, brings with her a career spanning 20 years as a chef at luxury resorts in California and Hawaii, including La Quinta Resort & Club, Rancho Las Palmas Resort & Spa, and most recently, St. Regis Princeville Resort.

About The Bay Club Company

Bay Club welcomes more than 55,000 members at its twelve locations across six campuses throughout California - five in Northern California (Marin, San Francisco, Redwood Shores, Silicon Valley, Los Gatos) and one in Southern California (San Diego). A Bay Club member enjoys innovations such as the Seventy-Seven bar lounge, Connect workplace suites and Sanctuary Spas as well as luxury athletic club amenities including world-class squash, tennis, golf, and aquatic centers. In addition, numerous resort-level amenities such as bocce courts, fire pits, outdoor bars and water slides are featured throughout the campuses. Both the innovations and amenities have helped solidify the Company's premier position in the hospitality space which now points toward extensive growth over the next five years. The Company employs approximately 2,500 people and is headquartered in San Francisco, California. For more information regarding The Bay Club Company, its clubs or services, visit www.bayclubs.com.

About York Capital Management

York Capital Management is an investment firm that was established in 1991. The firm pursues a multi-strategy investment style and manages over $24 billion. The primary offices are in New York, London, and Hong Kong.

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