Sunrise Company Acquires Andalusia Country Club

Prominent Coachella Valley Developer Adds Premier Private Country
Club to its Impressive Portfolio of Private Club and Luxury Residential
Communities

PALM DESERT, Calif.–(BUSINESS WIRE)–Sunrise
Company
 today announced its acquisition of Andalusia
Country Club
in La Quinta. The purchase includes the club, the
remaining residential land (approximately 250 more homes to build) and
other real estate assets (including the undeveloped property west of
Madison St.) from T.D. Desert Development L.P, a wholly owned subsidiary
of the Drummond
Company
, a leader in the luxury country club market in the Coachella
Valley. Inspired by the spirit and architecture of the Andalusia region
of southern Spain, Andalusia Country Club boasts a championship Rees
Jones golf course, nine spectacular lakes, grand views of the
neighboring Santa Rosa Mountains and a spectrum of exquisitely designed
homes. The Club offers a wide array of golf, fitness, tennis, pickleball
and dining amenities, along with a full calendar of social and
recreational events for members to enjoy.

“Sunrise Company is one of the desert region’s most respected luxury
golf course community developers and Andalusia Country Club is one of
the finest country club communities in the desert, so it was a perfect
fit for us,” said Randall Bone, Chief Executive Officer of Sunrise
Company. “Adding Andalusia to our portfolio allows us the opportunity to
have a significant presence in La Quinta again. It is exciting to see
what is happening in the thriving La Quinta market, and to be a part of
the continued growth and success of the city.”

Since its founding in 1963, Sunrise Company has constructed over 16,000
homes and condominiums, co-developed two resort hotels, a luxury
fractional ownership resort and developed 22 resort communities,
numerous apartment buildings, office buildings, shopping centers and
commercial hotels. Sunrise Company’s legacy of success in the Coachella
Valley includes Toscana
Country Club
 currently under development, and the completed
communities of Indian Ridge Country Club, Palm Valley Country Club, The
Lakes Country Club, Monterey Country Club, Rancho Las Palmas Country
Club and Sunrise Country Club. Sunrise also co-developed the Desert
Springs JW Marriott Resort & Spa, PGA West and Rancho Las Palmas Resort
& Spa.

Andalusia Country Club, LLC., a Sunrise related company formed for
Andalusia, will be the owner/operator of the Club. Andalusia Homes,
Inc., another Sunrise related company, will manage the sales and
homebuilding operations for the remaining real estate, and will assume
the developer appointed director positions on the Homeowners’
Association. They will retain all the Andalusia employees, including its
key management team of Nolan Sparks, Dale Campbell and John Cummings, to
ensure a smooth transition between Drummond and Sunrise management.

“Sunrise Company is committed to working together with the current club
members, homeowners and employees to create a club and community
experience that honors the past traditions of the Drummond family, and
encourages a vibrant and energetic future,” Bone said. “We look forward
to playing an integral role in the next chapter of Andalusia Country
Club.”

About Sunrise Company

In 1963, William Bone founded Sunrise Company. In the decades since,
Sunrise has constructed over 16,000 homes and condominiums, co-developed
two resort hotels and developed 22 resort communities, numerous
apartment buildings, a fractional ownership resort, office buildings,
shopping centers and commercial hotels. Today, Sunrise Company is one of
the nation’s most respected developers, with communities ranging from
multi-family apartments to fractional residence clubs to luxury private
residential resort/club communities to primary home communities. Sunrise
Company is continually pursuing new opportunities in some of the
country’s fastest growing markets.

Contacts

Murphy O’Brien Public Relations
Erica Feher | Alyssa Lawrence |
Martha Dickerson
310-586-7173
efeher@murphyobrien.com
| alawrence@murphyobrien.com
| mdickerson@murphyobrien.com

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