To review a recent Crown Golf Properties press release please click the appropriate date below:

• November 14 ,2005 - Henry Crown and Company Announces New Leadership at Crown Golf Properties, L.P.
  
  
• November 14 ,2005 - Crown Golf to Manage Heritage Isles Golf Club
  
  
• September 22, 2005 - Garth Walker Named General Manager at Bayou Club
  
  
• September 8, 2005 - Crown Golf Properties Names Heather Cooke Director of Group Sales
  
  
• May 2, 2005 - Lansbrook Golf Club Offers Summer Sundays Free Golf Program for Children 15 and Under
  
  
• April 16, 2005 - Climb for Cancer Tennis and Golf Tournament Returns to Bardmoor April 22-24 to Raise Funds for Moffit Cancer Center
  
  
• April 13, 2005 - River Valley Ranch Golf Club Reduces Local Rates and Tees Off Free Membership and Rewards Program
  
  
• April 11, 2005 - Crown Golf Properties Announces Agreement to Manage Providence Golf & Country Club, Orlando, FL

November 14 ,2005

Henry Crown and Company Announces New Leadership at Crown Golf Properties, L.P.

GLENVIEW, Ill. (Nov. 14, 2005) - Henry Crown and Company General Partner A. Steven Crown announced the promotion of David W. Fairman to President of Crown Golf Properties, the Chicago, Ill.-based golf course management company. Fairman served as the company's chief financial officer for the past two and one half years.

"I am honored by the confidence Steve Crown has shown in me, and thrilled about the future of our company," said Fairman about his appointment.

Recently, Crown Golf has been awarded three golf management contracts in Florida: Providence Golf and Country Club (Orlando), Presidential Country Club (North Miami Beach), and this month, Heritage Isles Golf Club (Tampa). Negotiations are underway for an additional contract, which is expected to be signed in December.

"We have an excellent team in place to provide what we call 'championship service' to our clients and customers. We plan to leverage the considerable resources available to us as a Henry Crown company in order to aggressively compete in the management services business," Fairman said.

Fairman, whose initial involvement in golf course acquisition and management began in 1993, brings a wealth of financial, business and development experience to the company. He earned a bachelor's degree from Northwestern University, and is a graduate of the Kellogg Graduate School of Management at Northwestern University.

On the development side, Fairman noted that the company's upscale private club in Arizona, the Golf Club Scottsdale, was featured in October among Golf Magazine's "10 to Take your Breath away." "Construction of the permanent Clubhouse is proceeding on schedule and we are receiving extremely positive responses from both current and prospective members," Fairman said.

Crown Golf Properties operates 18 courses throughout the US including properties in Arizona, California, Colorado, Illinois, Wisconsin, New Jersey and Florida.

The company is a privately held limited partnership owned by Henry Crown and Company whose diverse interests range from large-scale office buildings such as Rockefeller Center in New York City, to the Aspen Ski Company and the Ojai Valley Inn and Spa in Ojai, California. Other notable properties include the Snowmass Club and Lodge in Aspen, Colorado, The Golf Club Scottsdale in Scottsdale, Arizona and Kemper Lakes Golf Club in Chicago, Ill.

For more information on Crown Golf Properties visit the website at www.crowngolf.com or contact Crown Golf Properties Vice President of Acquisitions and Business Development Matthew C. McIntee 847-832-2407.

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November 14 ,2005

Crown Golf to Manage Heritage Isles Golf Club

GLENVIEW, Ill. (Nov. 14 ,2005) - Crown Golf Properties, the Chicago, Ill.-based golf course management company, announced that an agreement has been reached with Heritage Isles Golf and Country Club in Tampa, Fla., to manage the community's golf and restaurant operations.

Crown will provide complete facilities management for both the golf club and the restaurant, and will implement strategic marketing plans for both.

"We plan to leverage our resources to enhance operations and expand offerings at the golf club and restaurant through our many management resources and a multi-facetted marketing approach," said Crown Golf Properties President Dave Fairman.

Marketing tools will include the CrownClub membership and rewards program, a highly successful loyalty and membership program at the company's five Florida courses.

"Heritage Isles is an excellent addition to Crown's management portfolio. Our hands-on approach will maximize the benefits from Crown's national expertise and experience," explained Crown Vice President of Acquisitions and Development Matt McIntee. "With four other courses in the bay area, we understand this market and the importance of nurturing the relationship between Heritage Isles' golf course and the surrounding residential community," McIntee added.

Heritage Isles Golf and Country Club features a par-72, 18-hole championship golf course designed by Gordon Lewis and Jed Azinger, an elegant Clubhouse, an aqua driving range, a practice green, a well-stocked golf shop and a full service restaurant. With four sets of tees, the course plays 6,976 yards from the tips and takes players through a challenging round of golf in a lush natural Florida environment.

Crown Golf Properties operates 18 courses throughout the US including seven in Florida; Highlands Reserve Golf Club in Orlando, Providence Golf and Country Club in Orlando, Bardmoor Golf and Tennis Club and Bayou Club in Largo, Lansbrook Golf Club in Palm Harbor, Northdale Golf and Tennis Club in Tampa and Heritage Isles Golf and Country Club in Tampa.

Crown Golf Properties is wholly-owned by The Henry Crown Companies. Founded in 1919 as a family-owned material services business, The Henry Crown Companies grew to become one of the nation's largest privately held business organizations and a major force in land development throughout the U.S.

The organization's diverse interests range from large-scale office buildings such as Rockefeller Center in New York City, to the Aspen Ski Company and the Ojai Valley Inn and Spa in Ojai, California. Other notable properties include the Snowmass Club and Lodge in Aspen, Colorado, The Golf Club Scottsdale in Scottsdale, Arizona and Kemper Lakes Golf Club in Chicago, Ill.

For more information on Crown Golf Properties visit the website at www.crowngolf.com or contact Crown Golf Properties Vice President of Acquisitions and Development Matthew C. McIntee 847-832-2407

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September 22, 2005

Garth Walker Named General Manager at Bayou Club

LARGO, FL - Garth Walker has been named general manager at the Bayou Club, a private golf and country club in Largo, FL.

Walker's responsibilities will include direction and supervision of all golf operations as well as the Club's membership, catering and food and beverage departments.

Walker came to the Bayou Club from Little Turtle Country Club in Westerville, Ohio, where he served as general manager.

Originally from Westerville, Ohio, Walker earned a bachelor's degree in business and communication from Otterbein College, in Westerville. With more than 20 years of golf experience he has also been actively involved in the Club Manager's Association of America.

The Bayou Club is a private golf and country club facility with an 18-hole championship golf course designed by Tom Fazio. Other amenities include an elegant full service restaurant, fully-stocked golf shop, swimming pool and locker rooms. For more information or membership opportunities contact the Bayou Club at 727-391-1000 or visit the website www.bayouclubgolf.com.

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September 8, 2005

Crown Golf Properties Names Heather Cooke Director of Group Sales

GLENVIEW, IL - Crown Golf Properties, the Chicago, IL-based golf course management company, has named Heather Cooke director of group sales for Crown's Tampa Bay area golf courses: Bardmoor Golf and Tennis Club, Bayou Club, Lansbrook Golf Club and Northdale Golf and Tennis Club.

Her responsibilities will encompass group sales at the golf courses and to provide event planning assistance to ensure the success of golf outing at the clubs.

Cooke comes to Crown from Marriott properties where she served as sales manager at the Marriott Waterside. Through Marriott she also worked at The Renaissance Vinoy, Tampa Event Booking Center and Marriott's Stone Mountain Conference Center.

She earned a bachelor degree in hospitality management as well as an associate degree in restaurant management.

"We created the director of group sales position to further complement Crown's dedication to high quality golf services. Heather's experience will bring more tournaments to the golf courses, and will assist charities and corporations in creating successful and memorable golf outings," said Crown Golf Properties Vice President of Sales and Marketing Roger Reveyrand.

Crown Golf Properties, headquartered in Glenview, Ill. owns and operates 18 public, private and resort facilities including such notable properties as the Ojai Valley Inn and Spa in Southern California, the Snowmass Club and Lodge in Aspen, Colorado, and The Golf Club Scottsdale in Scottsdale, Arizona.

For more information on Crown Golf Properties visit the website at www.crown-golf.com.

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May 2, 2005

Lansbrook Golf Club Offers Summer Sundays Free Golf Program for Children 15 and Under

PALM HARBOR, FL. - Every Sunday from May 1 through September 30, 2005, children 15 and under can play free golf if accompanied by a paying adult at Lansbrook Golf Club.

In addition to the Summer Sundays Golf, Lansbrook offers various instructional programs for junior golfers including the annual Golf Academy for children ages five through 16 which covers the fundamentals of golf under guidance of Academy Director Tim Greco and Head Golf Professional Stephen P.Roach. Golf skills will include grip, stance and posture, short and long game. Cost for the Academy classes is $250 for the seven-week session.

Camps are held one day a week from 8:30 until 11 a.m. The five through 8-year-old camp is on Mondays, the nine through 12-year-old camp is on Tuesdays and or Thursdays, the 13 through 16-year-olds play on Wednesdays .For more information or to enroll, contact Lansbrook Golf Club 727-784-7333 or visit the web site at www.lansbrook-golf.com.

Area residents can join the free CrownClub Rewards program to earn preferred rates immediately and points for each round played, as well as for golf shop and food/beverage purchases. Reward points accrue to get CrownRewards certificates, which can be redeemed for free golf or 50%-off golf rates at participating Crown courses.

Crown Golf Properties, a Glenview, Ill.-based golf management corporation, owns and operates six Florida golf courses: Bardmoor Golf and Tennis Club and The Bayou Club in Largo, Lansbrook Golf Club in Palm Harbor, Northdale Golf and Tennis Club in Tampa and Highlands Reserve and Providence in Orlando. Crown Golf Properties owns and operates 18 golf facilities in the U.S.

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April 16, 2005

Climb for Cancer Tennis and Golf Tournament Returns to Bardmoor
April 22-24 to Raise Funds for Moffit Cancer Center

Largo, FL - As Climb for Cancer Founder Ron Farb raises himself onto the summit of 29,035 foot-high Mt.Everest in Nepal, tennis and golf players at Bardmoor Golf and Tennis club will raise money to help him and his organization fund research for cancer treatments and support through Moffit Cancer Center & Research Institute.

The second Climb for Cancer Golf and Tennis tournament starts April 22 with a tennis clinic at 6 p.m. (call 727-392-1234 for availability), The Women's Pro-Am follows on April 23 at 10 a.m. with a luncheon and then the men's Pro Am from 2- 4 p.m. and wraps up with a cocktail party and auction at 7 p.m.

Golfers tee it up on April 24 at 8 a.m. and will enjoy an awards lunch at 1 p.m. A few spots are available on the field for $150 per person, which includes the awards cookout and, cocktail party.

Last year's event was a rousing success, raising more than $30,000. Participants played with renowned pros including Brian Gottfried, Tom Gullikson, Malavai Washington, and Shane Matthews.

Climb for Cancer Foundation is a non-profit foundation whose mission is to fund leading edge research for cancer treatment, while supporting and encouraging those who need treatment now.

In support of this mission, funds raised will benefit the H. Lee Moffitt Cancer Center and research Institute, a National Cancer Institute Comprehensive Cancer Center in Tampa, Florida, and other cancer centers in Florida, to aid in the development of both treatments and cures for all types of cancer, and to help provide support services for cancer patients and their families.

For more information about Climb for Cancer Foundation visit the web: www.cfc-foundation.org or call 352-333-9663.

Bardmoor Golf and Tennis Club is located in Largo, off Starkey Road between Ulmerton and Park Boulevard. For tee times or information call: 727-392-1234 or visit the web www.bardmoorgolf.com.

Bardmoor is managed by Crown Golf Properties, headquartered in Glenview, Ill. The company owns and operates 18 golf facilities throughout the U.S., including five in Florida. For more information about Crown Golf Properties visit the website www.crown-golf.com.

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April 13, 2005

River Valley Ranch Golf Club Reduces Local Rates
and Tees Off Free Membership and Rewards Program

Carbondale, CO - Instead of following the national trend of raising greens fee rates, Carbondale's River Valley Ranch Golf Club has chosen to reduce its rates for local area residents. Year-round fees are now $39 for walking 18 holes, or $49 including cart, and in addition the golf club has launched CrownClub, an innovative, free membership and rewards program.

Earning free golf rewards is just one part of Crown Golf Properties' free CrownClub Membership and Rewards program that kicked off this week at River Valley Ranch Golf Club, conveniently located just outside of Aspen. There are also member-only events and tournaments and other exclusive benefits of CrownClub membership.

Launched with overwhelming success last year in Florida, Crown Golf is now expanding the program to other clubs, starting with River Valley Ranch Golf Club.

The scenic 250-acre residential golf and resort community located at the base of spectacular Mt. Sopris, will offer residents of Garfield, Pitkin, Eagle and Gunnison counties the opportunity to register at the River Valley Ranch Golf shop for the free CrownClub Membership and Rewards program. Participants will receive preferred rates and an "Instant Reward" immediately and earn points for each round played as well as for golf shop and qualifying food/beverage purchases. Reward points accrue to earn CrownRewards certificates, which can be redeemed for free golf at all participating Crown Golf courses, including the four courses on Florida's west coast.

"We found that our local golfers respond in great numbers to this program. They appreciate being rewarded for what they love to do...playing great golf. The CrownClub Membership and Rewards program delivers what golfers value...special benefits, great rewards and more great golf," stated Crown Golf Properties' Vice President of Sales and Marketing Roger Reveyrand.

CrownClub members receive a card that is scanned at each purchase so points accrue automatically. Once 500 points have been collected, a certificate is mailed out for a 50-percent-off round of golf. At the 1,000 point mark, a free round of golf certificate is automatically mailed. Then the earning cycle begins again. Members earn 50 points for each 9-hole or twilight round, 100 points for each 18-hole round and one point per dollar spent on qualifying golf shop and food and beverage purchases. More than 6,000 CrownRewards certificates have already been mailed program-wide. Upon registration, each CrownClub member also receives a special "Instant Reward" which entitles the golfer to a special offer on a future visit.

Crown Golf Properties, a Glenview, Ill.-based golf management corporation, operates 18 golf and resort facilities throughout the U.S. including such notable properties as the Snowmass Club and Lodge in Aspen, Colorado, the Ojai Valley Inn and Spa in Southern California, and The Golf Club Scottsdale in Scottsdale, Arizona. Crown Golf Properties owns and operates six Florida golf courses: Bardmoor Golf & Tennis Club and The Bayou Club in Largo, Lansbrook Golf Club in Palm Harbor, Northdale Golf and Tennis Club in Tampa and Highlands Reserve Golf Club and Providence Golf and Country Club in Orlando. For more information on Crown Golf Properties visit www.crown-golf.com.

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April 11, 2005

Crown Golf Properties Announces Agreement to Manage
Providence Golf & Country Club, Orlando, FL

GLENVIEW, IL - Crown Golf Properties, the Chicago, IL.-based golf course management company, has announced that an agreement has been reached with ABD development in Orlando, Fla., to manage the golf operations for Providence Golf & Country Club, a 2,300-acre gated masterplanned community under development in Polk county.

ABD Development ranks as one of the largest and most active custom homebuilders in Central Florida. At Providence, the Orlando-based firm will build 86 single family homes from the $500,000s and 250 townhomes priced from $250,000, in the first phase. Construction has already started on three model homes as well as the community's 5,000-square-foot welcome center, said President of ABD Development David Kohn.

Crown will provide membership development, complete golf course as well as facility management and strategic marketing services which will include the innovative CrownClub membership and rewards program, a highly successful loyalty and membership program at the company's five Florida courses.

"We look forward to our involvement with Providence Golf and Country Club. This community will be a great addition to our portfolio and our customized, hands-on management approach will help Providence Golf and Country Club leverage many benefits from our national resources and experience," explained Crown Senior Vice President Matt McIntee. "We understand the importance of managing and nurturing the relationship between Providence Golf and Country Club's golf course and its residential community."

Winter Park golf course architect Michael Dasher designed Providence's semi-private, 18-hole championship golf course. From the championship tees the course will play 7,001 yards and from the forward tees it will play 5,191 yards. The links-style layout is currently under construction and will open in late 2005.

Dasher has designed more than 40 top U.S.golf courses, including Highlands Reserve, another Crown Golf Property in Davenport. "The Providence site is blessed with some beautiful soils and topography. This design will be a sandy links style course bordered by beautiful lakes and natural environment," said Dasher.

Renowned Orlando architect Don Evans and The Evans Group designed the community's elegant 8,000-square-foot golf clubhouse, which will feature a golf shop, lounge and full service restaurant with seating for up to 200 guests.

Additional amenities will include a state-of-the-art fitness and aquatic center, two swimming pools, lighted tennis courts, a playground, walkways and limited access entries with manned gatehouses. More than half of the community will be set aside for greenspace and conservation areas.

Providence Golf & Country Club's homes range in price from the low $200,000's to more than $1 million. Upon completion Providence will feature more than 4,800 homes. A 5,000-square-foot welcome center and three model homes are currently under construction.

Crown Golf Properties operates 18 courses throughout the US including six in Florida; Highlands Reserve Golf Club in Orlando, Providence Golf and Country Club in Orlando, Bardmoor Golf and Tennis Club and Bayou Club in Largo, Lansbrook Golf Club in Palm Harbor and Northdale Golf and Tennis Club in Tampa.

Crown Golf Properties, headquartered in Glenview, Ill. owns and operates 18 public, private and resort facilities including such notable properties as the Ojai Valley Inn and Spa in Southern California, the Snowmass Club and Lodge in Aspen, Colorado, and The Golf Club Scottsdale in Scottsdale, Arizona.

For more information on Crown Golf Properties visit the website at www.crown-golf.com or contact Crown Golf Properties Senior Vice President Matt McIntee 847-832-2407.

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