Seeking to generate additional income and capitalize on a need in the real estate market, Turnberry Associates has launched a new division offering its services as an asset manager.
Turnberry Asset Management will focus the majority of its business on commercial properties, offering leasing, marketing and operations support for retail centers, office complexes, hotels and resorts. The Aventura company also has the capability of providing similar service for residential properties through its affiliated Turnberry Ltd.
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Saturday, August 29, 2009
City picks new Tavern on the Green leaseholder
The most anticipated restaurant deal in the New York was announced Friday when the city selected Dean Poll, owner and operator of the Loeb Boathouse in Central Park, to run the eatery where Tavern on the Green has stood for more than three decades.
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Resort at Singer Island to lay off 230
The Resort at Singer Island has filed a notice with the state of plans to lay off 230 employees.
The hotel, at 3800 N. Ocean Drive in Riviera Beach, said in its Worker Adjustment and Retraining Notification Act (WARN) notice that White Plains, N.Y.-based Starwood Hotels & Resorts Worldwide, which manages the hotel, has been told by the hotel’s owner – WCI Communities of Bonita Springs – that it will not be honoring its management contract.
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The hotel, at 3800 N. Ocean Drive in Riviera Beach, said in its Worker Adjustment and Retraining Notification Act (WARN) notice that White Plains, N.Y.-based Starwood Hotels & Resorts Worldwide, which manages the hotel, has been told by the hotel’s owner – WCI Communities of Bonita Springs – that it will not be honoring its management contract.
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Accor's Volte-Face
It has taken a recession, a profit warning and a boardroom shake-up, but activist shareholders calling for strategic changes at French hotels group Accor may at last get their way.
Chief Executive Gilles Pelisson has agreed to separate Accor's hotels and services units, a move that Mr. Pelisson has resisted. That is good news for shareholders, particularly as it may be the catalyst for a much wider shake-up.
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Chief Executive Gilles Pelisson has agreed to separate Accor's hotels and services units, a move that Mr. Pelisson has resisted. That is good news for shareholders, particularly as it may be the catalyst for a much wider shake-up.
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