Under Development (TBD)
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Trophy Golf & Resorts Selected By Dolphin Captial Investors To Manage The First Jack Nicklaus Signature Golf Course In Greece
HOBE SOUND, Fla., Nov. 17, 2008 - Trophy Golf & Resorts, a boutique consulting, development and management company specializing in high-quality golf courses, private clubs, lodging properties and resorts throughout the United States and worldwide, today announced it has signed a long-term agreement with Dolphin Capital Investors to exclusively manage and operate the planned 18-hole Jack Nicklaus Signature Golf Course at Kilada Hills Golf Resort in Peloponnesus, Greece. Kilada Hills, a high-end, master-planned golf and residential resort development, will be the first golf resort in Greece to showcase a Jack Nicklaus Signature Golf Course. Dolphin Capital Investors is the leading residential resort investor/developer in the Eastern Mediterranean.
The 250 hectare (600-acre) Kilada Hills Golf Resort site occupies a stunning spot, located within a two-hour drive southwest of Athens on the Peloponnese Peninsula, close to Porto Heli, one of the most up-market, picturesque, second-home residential areas in Greece. Expected to open in early 2011, the resort will comprise a GHM-operated Chedi luxury hotel, 45 Chedi signature villas, more than 250 residential units and beach club, centered by an 18-hole Jack Nicklaus Signature Golf Course. Other resort facilities will include an equestrian center, winery, olive oil process facility and a small retail complex. With most of the key development permits already in place for the first phase of the resort, including the golf course and hotel, Kilada Hills is securely positioned to be one of the first residential golf resorts to come to market in Greece. Work on the first phase is expected to start on-site early next year.
"Dolphin prides itself in aligning with only the most talented and highly-regarded operators and developers to create unique and exclusive resorts across Southeast Europe," said Miltos Kambouridis, managing partner, Dolphin Capital Investors. "We are delighted to be partnering with Trophy Golf & Resorts and look forward to working with them to establish the first residential golf resort in Greece, in a setting of unrivaled and unspoiled natural beauty."
As part of the agreement, Trophy Golf & Resorts will head up the golf course development team by providing pre-development and development consulting services, managing the integration and opening of the golf course, and ultimately overseeing the ongoing operation of the golf course following its launch. Trophy Golf's appointment to the Kilada Hills Golf Resort project represents a significant landmark in the company's international growth and further solidifies Trophy Golf as a premier operator of Nicklaus-designed golf courses.
"We are very excited to partner with Dolphin Capital and be on the forefront of the emerging Eastern Mediterranean golf market to deliver an exceptional golf experience to Kilada Hills Resort guests and club members," added Michael Zmetrovich, CEO, Trophy Golf & Resorts. "We look forward to collaborating with a talented team of professionals, including Jack Nicklaus and GHM Hotels, to create a highly anticipated, world-class golf resort in Greece."
Peloponnesus, a peninsula forming the Southern mainland of Greece, is steeped in history, culture and Greek mythology. The greater Porto Heli area is known for its cloudless skies, light summer breezes, idyllic beaches and bays, archaeological treasures and cosmopolitan lifestyle. It boasts a yachting paradise with its beautiful, natural harbor and safe anchorage for large yachts. Perfectly poised on a gently sloping hillside dotted with mature olive trees, the prestigious Jack Nicklaus Signature Golf Course is being positioned as an unparalled world-class golf experience in Greece. Inspired by Ancient Greek architectural themes, while also maximizing the area's crystal turquoise water views and unspoiled, natural beauty of the rugged countryside, the course will be routed along the lower slopes of several valleys that lead to the sea and will feature natural rock outcroppings typically found throughout Greece.
A Jack Nicklaus Signature Golf Course is the highest standard of design offered by Nicklaus Design, and the process includes personal oversight and involvement in every step of the design and construction by the golf legend and today's preeminent course designer, Jack Nicklaus. Nicklaus is known for designing golf courses and communities that harmonize with each location's surroundings. He strives to work with raw land that he can utilize and enhance without taking away its character and uniqueness. Kilada Hills is the only Jack Nicklaus Signature Golf Course in Greece.
"Kilada Hills is on a dramatic piece of property and I was captured by its incredible potential the first time I visited," Nicklaus said. "I know the design we are creating will evolve into a spectacular course and hopefully will be one of the most sought-after golf experiences in Greece. This is my first course in Greece and I applaud the team Dolphin Capital is assembling, including the selection of Trophy Golf & Resorts, to manage the course for them."
About Dolphin Capital Investors
Dolphin Capital Investors ("DCI", or "Dolphin") is the leading investor in the residential resort sector in the eastern Mediterranean and the largest real estate investment company listed on AIM by market capitalization.
DCI's investment model is focused on generating strong capital growth through investing in early stage, large-scale, leisure-integrated residential resorts primarily in southeast Europe, targeting international affluent second home buyers. The Company partners with some of the world's most recognized architects, golf course designers and hotel operators for the creation of sophisticated projects and, since April 2007, benefits from the development expertise of Dolphin's largest investment, Aristo, one of southeast Europe's most experienced holiday home developers.
Since inception in 2005, Dolphin has raised O859 million of equity funds, has established a track record of rapid capital deployment and significant NAV creation, while adhering to stringent risk management and acquisition criteria, and has grown to become one of the largest private seafront landowners in the Southeast Mediterranean region.
Dolphin's portfolio currently comprises 15 large-scale, leisure-integrated residential resorts under development in Greece, Cyprus, Croatia, Turkey, Dominican Republic and Panama and more than 60 smaller holiday home projects through Aristo in Greece and Cyprus. DCI is managed by Dolphin Capital Partners, an independent private equity management firm, founded in 2004 by Miltos Kambourides and Pierre Charalambides and which specializes in real estate investments in Southeast Europe.
About Trophy Golf & Resorts
Trophy Golf & Resorts is a boutique consulting, development and management company specializing in high-quality golf courses, private clubs, lodging properties and resorts throughout the United States and worldwide.
The company is currently engaged in both the development of new golf courses, clubs, communities and resorts worldwide as well as managing existing facilities. Trophy Golf & Resorts believes in a philosophy that each property is a unique asset, a trophy property. Trophy Golf & Resorts works with clients from the initial planning and design stage through the opening and operation of each facility to develop and accentuate the distinctive qualities of each property to surpass owner/investor objectives, as well as member and guest expectations.
Trophy Golf & Resorts was founded in 2005 by Michael Zmetrovich and Lee Lockhart. Zmetrovich and Lockhart have more than 60 years combined experience in the golf, real estate and hospitality industries. Both are former executives of a golf and club development and management division within the Nicklaus Companies, the privately-held company founded by golf legend Jack Nicklaus and widely regarded as one of the world's leading provider of golf services, including golf course design. Zmetrovich and Lockhart have been involved in the development, sales and marketing and management of some of the best golf courses, clubs and resorts in the world, including Muirfield Village Golf Club, The Bear's Club, Coral Creek Club, Old Head Golf Links, Grand Cypress Resort and Pinehurst Resort.