CNL puts brakes on golf buys, dismisses Anderson

CNL Lifestyle Co., one of golf’s largest ownership groups, has relieved Rudy Anderson of his duties as vice president and managing director of the company’s golf property investments.
The move coincides with the company’s decision to significantly reduce new investment in golf.
Anderson, who was dismissed in late February, had been the company’s front man in building a $600-million portfolio of owned golf properties that made CNL Lifestyle the industry’s third largest golf course ownership group with more than 50 courses.
“We will be reducing our capital allocation in 2009 toward the golf sector in favor of higher-yielding lifestyle investments,” said CNL Chief Communications Officer Carolyn Gosselin. “We will hold onto and manage our $600 million investment in golf.”
CNL Lifestyle Chief Operating Officer Charlie Muller and Director of Investments Don Rhodes will manage the company’s current properties.
Anderson joined CNL Lifestyle in 2006 after a 23-year career in senior new business development positions for ClubCorp. His role with ClubCorp included responsibility for Asia and Europe.


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