Press Release.
TRT OMNI EMERGES SUCCESSFUL BIDDER
After four hours and 147 separate bids, TRT Omni was certified as the successful bidder in Monday's auction for Amelia Island Company with a bid of $67.1 MM. The back-up bidder was Starwood with a bid of $67.0 MM. Stalking horse Noble declined to increase its May bid of $47.4 MM. The successful bid must still be approved as part of Thursday's Confirmation Hearing in U.S. Federal Bankruptcy Court.
Bidding started at 3:00 pm in a completely full courtroom with Judge Paul Glenn conducting the auction. Bidding started at $48.5 MM.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Wednesday, August 25, 2010
Tuesday, August 24, 2010
Omni Bid Amelia Island Plantation
Omni Hotel owner has winning bid for Amelia Island Plantation
Texas billionaire pays $67.1 million for the resort.
Posted: August 23, 2010 - 8:02pm
By Mark Basch
A company run by a Texas billionaire that owns the Omni Hotels chain won a bidding war Monday in U.S. Bankruptcy Court to buy the Amelia Island Plantation resort.
TRT Holdings Inc. had the winning bid of $67.1 million, more than $20 million higher than the original bid submitted for the property in May, to buy the resort. The bid is contingent on the Amelia Island Co.’s Chapter 11 bankruptcy reorganization plan getting approval at another court hearing on Thursday.
Irving, Texas-based TRT is run
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Texas billionaire pays $67.1 million for the resort.
Posted: August 23, 2010 - 8:02pm
By Mark Basch
A company run by a Texas billionaire that owns the Omni Hotels chain won a bidding war Monday in U.S. Bankruptcy Court to buy the Amelia Island Plantation resort.
TRT Holdings Inc. had the winning bid of $67.1 million, more than $20 million higher than the original bid submitted for the property in May, to buy the resort. The bid is contingent on the Amelia Island Co.’s Chapter 11 bankruptcy reorganization plan getting approval at another court hearing on Thursday.
Irving, Texas-based TRT is run
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Thursday, August 19, 2010
Prudential Chaplin Williams Realty
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Wednesday, August 18, 2010
Recommended Restaurant in Fernandina Beach
LuLu's at the Thompson House
11 South 7th Street
Fernandina Beach, FL 32034
904-432-8394
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
11 South 7th Street
Fernandina Beach, FL 32034
904-432-8394
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Saturday, August 14, 2010
Recommended Insurance in Fernandina Beach
Amelia Insurance Agency
Offering Insurance for over 50 years.
Telephone 904-261-3606
2384 Sadler Rd, Fernandina Beach, FL 32034
www.ameliainsurance.com
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Offering Insurance for over 50 years.
Telephone 904-261-3606
2384 Sadler Rd, Fernandina Beach, FL 32034
www.ameliainsurance.com
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Recommended Insurance in Fernandina Beach
Amelia Insurance Agency
Offering Insurance for over 50 years.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Offering Insurance for over 50 years.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Club Villa for Sale at Amelia Island Plantation
3019 Club Villas at AIP - $315,000
Oak Marsh Golf Course frontage.
2BD/2.5BA with vaulted ceilings.
Enjoy the Incredible sunset views.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Wednesday, August 11, 2010
Office Building Fernandina Beach for Sale
905 South 8th Street - $248,000
Commercial office near downtown.
Freestanding building with parking.
Well maintained. Renter in place.
MLS 52852
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Commercial office near downtown.
Freestanding building with parking.
Well maintained. Renter in place.
MLS 52852
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
3019 Club Villa at Amelia Island Plantation - $315,000
3019 Club Villas at AIP - $315,000
Oak Marsh Golf Course frontage.
2BD/2.5BA with vaulted ceilings.
Enjoy the Incredible sunset views
MLS 52795
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Club Villa at AIP for Sale - $219,000
Offered by Carey Dresser at Prudential.
3003 Club Villa - $219,000
Lowest Priced Unit on the Plantation
West side of Amelia Island Plantation
Near the Golf Course and Intracoastal Waterway
2 Bedroom & 2.5 Bath
Remodeled with hard wood floors.
Picture is off the complex.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Amelia Island Plantation Bidders
Two more bidders emerge to buy Amelia Island Plantation
By Mark Basch The Florida Times-Union, Jacksonville
Publication: Florida Times-Union (Jacksonville)
Date: Friday, July 30 2010
You are viewing page 1
Two more investors have submitted bids to buy the resort to compete with Noble Investment Group, which submitted the initial bid for the property.
The resort's owner, the Amelia Island Co., filed a Chapter 11 bankruptcy reorganization plan in May centered around a $45.9 million buyout bid for the resort by a fund associated with Noble. Atlanta-based Noble operates 50 hotels in 13 states and said that it intends to spend additional money to upgrade the Plantation's facilities, which include a 249-room oceanfront hotel, conference center, nine restaurants and four golf courses.
However, Noble's agreement to buy the resort is subject to other investors submitting higher bids. The bids were due by Thursday and while no details about them have been filed in court, two companies are offering more than $45.9 million, said Gardner Davis, special counsel for the Amelia Island Co. in the bankruptcy proceedings.
Davis said he couldn't reveal details about those bids, but he said the two companies are "top-flight hotel and hospitality investors" that are willing to spend additional money on the resort.
"All three bidders are committed to enhancing and expanding the operations of the Plantation," Davis said. "This points to a very bright future for the residents and employees of the Plantation."
The three bidders will have the opportunity to increase their bids at the auction on Aug. 23 in U.S. Bankruptcy Court in Jacksonville, with the highest bidder that day getting the property. A hearing to confirm the company's reorganization plan is scheduled for Aug. 26, which would allow Amelia Island Co. to emerge from bankruptcy.
Amelia Island Co. said in a court filing this week that it is "imperative" to confirm the plan "without delay."
"The company does not have sufficient funds to carry it through the slower winter months, and its going concern value will be lost if it were forced to shut its doors," the filing said.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
By Mark Basch The Florida Times-Union, Jacksonville
Publication: Florida Times-Union (Jacksonville)
Date: Friday, July 30 2010
You are viewing page 1
Two more investors have submitted bids to buy the resort to compete with Noble Investment Group, which submitted the initial bid for the property.
The resort's owner, the Amelia Island Co., filed a Chapter 11 bankruptcy reorganization plan in May centered around a $45.9 million buyout bid for the resort by a fund associated with Noble. Atlanta-based Noble operates 50 hotels in 13 states and said that it intends to spend additional money to upgrade the Plantation's facilities, which include a 249-room oceanfront hotel, conference center, nine restaurants and four golf courses.
However, Noble's agreement to buy the resort is subject to other investors submitting higher bids. The bids were due by Thursday and while no details about them have been filed in court, two companies are offering more than $45.9 million, said Gardner Davis, special counsel for the Amelia Island Co. in the bankruptcy proceedings.
Davis said he couldn't reveal details about those bids, but he said the two companies are "top-flight hotel and hospitality investors" that are willing to spend additional money on the resort.
"All three bidders are committed to enhancing and expanding the operations of the Plantation," Davis said. "This points to a very bright future for the residents and employees of the Plantation."
The three bidders will have the opportunity to increase their bids at the auction on Aug. 23 in U.S. Bankruptcy Court in Jacksonville, with the highest bidder that day getting the property. A hearing to confirm the company's reorganization plan is scheduled for Aug. 26, which would allow Amelia Island Co. to emerge from bankruptcy.
Amelia Island Co. said in a court filing this week that it is "imperative" to confirm the plan "without delay."
"The company does not have sufficient funds to carry it through the slower winter months, and its going concern value will be lost if it were forced to shut its doors," the filing said.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Monday, August 9, 2010
North Hampton Home for Sale - Fernandina Beach
86511 Eastport Drive - $328,000
North Hampton Community
4BD/3BA on the golf course
Quality upgrades & single story.
MLS 52796
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
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