Dallas-based LifeCast Inc. is a service provider for private clubs and members. It will use the financial support to continue launching new affiliate club Web sites and expand an on-line product and service suite. LifeCast services more than 950 of the nation's private country clubs, yacht clubs and golf clubs, managing content, event calendars and dining and tee-time reservations.
The deal gives the company an indirect equity interest in LifeCast and also makes Chris Cahill, Fairmont president and COO, a director on the service providers board of directors. Fairmont is the largest luxury hotel management company in North America, with a collection of 36 distinctive hotels and 18,150 rooms throughout the US, Canada, Bermuda, Barbados and Mexico.
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