ClubCorp expands into Minnesota with purchase; Drive Shack gets a boost

|About: Drive Shack Inc (DS)|By:, SA News Editor

ClubCorp (MYCC +1.1%) this morning announced the purchase of now-formerly member-owned Medina Gold & Country Club, just west of downtown Minneapolis. Terms were not disclosed.

It's the fifth acquisition for MYCC this year.

The company expects to put more than $2.5M into the club over the next two years.

Perhaps coincidence, but roughed-up golf course operator Drive Shack (DS +9.6%) is seeing a sizable bounce today.

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