David Sawyer Named Executive Vice President of Cliffs Club Partners

June 9, 2014

TRAVELERS REST, SC – Arendale Holdings Corp. and the board of Silver Sun Partners, owner of The Cliffs Communities, has announced that David Sawyer, most recently Chief Operating Officer of Cliffs Club Partners, has been named Executive Vice President of the organization. Sawyer will assume the responsibilities of Davis Sezna who has resigned his position at Cliffs Club Partners in order to become one of the Managing Partners for T3 Golf Holdings and Heritage Golf Group.

Sawyer joined The Cliffs in 2007 as the General Manager of the Cliffs Valley. He advanced to Regional Manager of the Valley, Glassy and Mountain Park clubs, and then served as Vice President of The Cliffs Club and Hospitality Group. Sawyer has been Chief Operating Officer of all seven Cliffs mountain and lake clubs for the past two years. His executive management experience also includes clubs in Pennsylvania and Connecticut. Sawyer holds a BA in Public Relations and Tourism from Pennsylvania State University and served as Vice Conseiller Culinaire of Chaine des Rôtisseurs from 2008-2010.

“David Sawyer has been an important member of The Cliffs team over the past seven years and we are pleased to recognize his contributions with this appointment,” said John C. Kunkel, Chief Executive Officer of Arendale Holdings Corp.

Sawyer said he is excited to lead the talented Cliffs Club team to continue to expand operational performance and build long-term values for all Cliffs stakeholders.

“We look forward to developing an aligned strategy with members and employees of our seven mountain and lake luxury communities to deliver a nationally acclaimed lifestyle with innovative hospitality, golf, wellness, agronomy, culinary and outdoor recreation,” Sawyer said.

Added Kunkel,  “We wish Davis Sezna the very best in his new endeavor. We are pleased that he and his wife, Barb, will not be a strangers as the Sezna’s plan to maintain their home at The Cliffs Valley and continue as passionate members of The Cliffs’ seven clubs.”

Sezna joined Cliffs Club Partners as CEO in August 2012, previously working with Pyramid Hotel Group LLC where he served as president of La Quinta Resort & Club and PGA WEST.

“The enthusiasm of our property owners and members has been the catalyst for the transformation and progress of the Cliffs clubs over the past 21 months,” Sezna said. “I want to thank Hugh Connerty and the Arendale partners for inviting me to join their team. Arendale and its major shareholder, Reinet Investments SCA, provide the needed stability and commitment to excellence that ensure the future success of The Cliffs.”

In December 2013, Jacksonville, Fla.-based Arendale Holdings acquired the shareholder interests of SunTx Urbana and The Carlile Group to become the sole owner and manager of The Cliffs communities. Arendale and its affiliates control and manage the real estate development and sales functions, as well as club operations for The Cliffs Communities, which include Mountain Park, Valley, Glassy, Keowee Springs, Keowee Falls, Keowee Vineyards, Walnut Cove and High Carolina.

Arendale Holdings invests in real estate throughout the United States. The company has invested in more than 35 real estate partnerships and club operations in six states.