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Donald Trump Extends Grip Over Golf World, Acquires Turnberry Resort in Scotland
April 30, 2014
April 30--Donald Trump has continued his quest for world golf domination by purchasing Turnberry Resort, the iconic Scottish course that is part of the British Open rotation. Trump told Golf.com he has no plans to change the course, known for its trademark lighthouse, sandy hillocks and craggy coastline. But he could tinker with the resort's name. " 'Trump Turnberry' has a nice ring to it, doesn't it?" he was quoted as saying. "We'll make that decision fairly soon -- in a couple of days." Trump's golf holdings now stretch from Dubai to Los Angeles. This most recent purchase, reported at more than $60 million, gives him at least one majo
Decaying Prince Charles Hotel in Fayetteville, NC to be Auctioned without Surrounding Land
April 30, 2014
April 30--The decaying Prince Charles Hotel is to be auctioned next month, but without the land around it. The hotel is scheduled for auction May 30, while the two tracts of property around it have been separately listed for sale. An Oklahoma auction firm, Williams and Williams, will stage the sale at the dilapidated downtown landmark at 4:30 p.m. that Friday, with bids also taken simultaneously online. The minimum bid is $200,000. The two adjoining tracts have been listed with Grant Murray Real Estate, a Fayetteville commercial brokerage firm. The larger tract, between Maiden Lane and Hay Street, is 2 acres and listed at $2.1 million.
The 102-room Big Texas Inn in Kerrville, Texas to Go Up for Auction
April 30, 2014
April 30--A federal bankruptcy judge on Monday approved a plan for owners of the Big Texas Inn to pay off their creditors after the property is sold at an auction next month. Jerry Reed, a spokesman for the firm that owns the hotel, said the sale of the property has always been planned and was merely formalized by the bankruptcy proceedings and threats of foreclosure. Reed, who lives on a ranch near Kerr County, represents Americap Group, which owns Kamayan Holdings LLC, the indebted firm that owns the hotel. Kamayan filed for bankruptcy on Jan. 6 and plans to pay back the loan after the auction, which will be held on Auction.com May 19
Presley Enterprises Plans $70 Million 450-room Hotel at Graceland in Memphis, Tennessee
April 30, 2014
April 30--One of the biggest hotels in Memphis could soon rise next to Graceland. Elvis Presley Enterprises Inc. is considering plans for a 450-room hotel alongside Graceland, the late music star's mansion on Elvis Presley Boulevard. Presley Enterprises, which owns the brand for one of the most recognized American icons in the world, confirmed the proposal was presented Wednesday to the city. Full plans call for an upscale restaurant, sports bar and nearby movie theater, bringing the projected construction price including the hotel to about $70 million, according to city officials. Plans for the construction site were filed Wednesday af
Twenty Four Seven Hotels Builds Depth in Corporate Revenue Management Team
Twenty Four Seven Hotels | April 29, 2014
Twenty Four Seven Hotels, a west coast hotel management company, reinforced their commitment to a sales driven culture beginning and ending with Revenue Management by expanding its Corporate Revenue Manager base. The Corporate Revenue Managers role is to support their assigned hotels in rate strategies and implementation across a multitude of channels, direct revenue strategy meetings, and maximize leverage of brand revenue systems to deliver maximum revenue growth and enhance profitability for owners. Staci Marshall joined Twenty Four Seven Hotels in 2007 in front office operations at a managed Marriott Courtyard. There she made the ju
Construction Begins on the 41-room Spectator Hotel in Charleston, South Carolina
April 29, 2014
April 29--The Spectator Hotel at 67 State St. will soon rise near the City Market in downtown Charleston. It was announced Tuesday that a formal ground-breaking ceremony will be held May 15, although construction recently began on the four-story, 41-room accommodation. Managers of the project are Jay Keenan and Batson Hewitt, who also own the adjacent French Quarter Inn. The Spectator will include ground level parking and will share an off-site parking lot on Queen Street with the French Quarter Inn. Reach Abigail Darlington at 937-5906 and follow her on Twitter @A_Big_Gail
Airbnb is Soaring in New York: Must Learn to Play by the Rules & Rules of the Road Must be Enforced
April 29, 2014
April 29--Airbnb is soaring in New York City. The global online-booking service says it helped 416,000 visitors find lodging in local homes in the last year -- creating $632 million in economic activity. The company makes it easy for New Yorkers to earn extra money sharing their digs with tourists. Airbnb also makes a pricey city more accessible to tourists. At a time when rents are rising and wages are dropping here, these aren't bad ideas. There's just one problem. As a freewheeling outsider, Airbnb is elbowing its way into a tightly regulated local market. And many of the regs that hamper its business model are necessary here. The ru
West Palm Beach, Florida Gives Tentative OK to 108-room Marina Marriott Boutique Hotel
April 29, 2014
April 29--West Palm Beach City Commissioners late Monday said yes to the first of two votes on the planned 75-foot waterfront Marriott "boutique hotel" that would go in a crescent-shaped 1 1/2 -acre lot next to the Palm Harbor Marina and south of the Flagler Memorial ("North") Bridge. But commissioners warned developers they had a lot of questions before they'd consider a second and final vote, and developers shouldn't expect it for at least a month. The original plans, as approved in February by the city's planning board, call for a 108-room, 75-foot-high, 92,063-square-foot hotel with 2,650 square feet of meeting space and a 5,000-squ