| Clubhaus
Acquire Fourth Essex Club Clubhaus have
acquired The Essex Golf and Country Club near Coggeshall from Eddie Shah's Messenger
Leisure organisation for approximately £5.5 million. This boosts
the company's portfolio to 22 clubs - 16 in the UK and six on the Continent. It
is also the fourth club in Essex to have joined Clubhaus following the acquisition
of Benton Hall in South Wickham, Stapleford Abbotts in Romford and Three Rivers
in Cold Norton. It is understood
that the deal comprised a cash payment of £1.65 million, assumed debts of £3.1
million and a deferred amount of £750,000 in Clubhaus shares. The Essex currently
has 27 holes, extensive health and fitness facilities, six indoor tennis courts,
three all-weather tennis courts and a 42-bedroom hotel, all of which Clubhaus
plan to upgrade through investment. Charlie Parker,
managing director of Clubhaus, said: "The Essex is a great club and has a
fantastic range of leisure facilities which means it fits in perfectly with the
existing clubs in the group. We expect The Essex to be an exciting addition to
the Clubhaus family." |