Agreement Includes Improved Long-term Management Contract and Renovation Plans
TORONTO, Dec. 16 /PRNewswire-FirstCall/ - Fairmont Hotels & Resorts Inc. ("Fairmont" or the "Company") (TSX/NYSE: FHR) today announced that Turnberry Associates will acquire The Fairmont Turnberry Isle Resort & Club. The resort will retain its name and continue to be managed by Fairmont under a new, enhanced long-term management contract. The transaction is expected to close by the end of the year. As part of this new partnership, Turnberry Associates plans to invest significant capital in the resort to position the property as the premier golf and beach resort destination in southern Florida.
It looks like there is a new entrant in the highly competitive Destin condo market. Look for construction to begin on a new high-rise extended-stay hotel in Destin sometime in early 2006. The county commissioners approved the 14 story, 200 foot tall construction project yesterday. The building will be situated near Destin Commons, and will feature views of both the Gulf of Mexico and Choctawhatchee Bay from the top floors.
The hotel will be called the Legendary Grande Suite Hotel. It is planned to have 194-room extended-stay vacation rental units. 188 units will be suites. The remaining six will be penthouses.
Sarasota, FL (PRWEB) December 7, 2005 -- Canadians can now vacation in Florida with the Canadian dollar. ResortQuest Southwest Florida is matching the Canadian exchange rate through April 30, 2006 at three resort properties: Barefoot Beach Resort on Indian Shores in the St. Petersburg area, Silver Sands Gulf Beach Resort on Longboat Key and Tradewinds Resort on Anna Maria Island. Monthly, weekly and nightly rates are available.
For more information or to make a reservation for the
Amazing. When so many new gulf shores condos and vacation homes are popping up like mushrooms here is a development abandoned, ready and waiting to be knocked down, yet the state hasn't bothered to move ahead. All the more reason the private sector is the right place for real estate development and management.
GULF SHORES -- In their quest to get rid of buildings damaged beyond repair by Hurricane Ivan, city officials have sent letters to the Alabama Department of Conservation and Natural Resources -- which runs the Gulf State Park Hotel and Resort -- urging it to demolish the park's hollowed surfside structures.