It took nearly 20 years, but ClubCorp has finally acquired Oak Tree Country Club in Edmund, Oklahoma. Oak Tree, which features a pair of Pete Dye-designed golf courses, was among the crème de la crème of the high-prestige golf properties developed by Jerry Barton’s legendary Landmark Land Company. ClubCorp began eyeing Oak Tree in the wake of the savings-and-loan scandal of the 1980s, when Landmark lost it to the federal government’s Resolution Trust Corporation.
In fact, ClubCorp had a right of first refusal on the club when the RTC put it up for sale in 1994, but a Canadian group wanted it more. So this year, when another purchase opportunity presented itself, ClubCorp stepped up.
“We are very excited about the addition of Oak Tree Country Club, nationally recognized as one of the preeminent clubs in Oklahoma, which gives us a presence in the state and increases our brand awareness nationwide,” a ClubCorp exec said in a press release. The seller was a local group that had owned Oak Tree since the mid 2000s.
