MATTinNH said:
Jakey, your very right ---actualy i just heard that disney bought a bunch of land up here in northern NH and also the White Mountain Hotel. I think that is their plan for this purchase also.
This intriqued me so I looked some things up. Pretty interesting......
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Mount Washington Resort to be sold
BRETTON WOODS, N.H. A developer and real-estate company are planning to buy the landmark Mount Washington Resort at Bretton Woods, including 900 acres and assets such as a ski center and 18-hole golf course, for 45 (M) million dollars.
The purchase of the resort by Celebration Associates and Crosland Incorporated is expected to take place this summer.
Mount Washington Resort Chairman Wayne Presby says the partnership that currently owns the complex says it's very aware of the economic benefits that the two companies can offer to the North Country, particularly given the loss of several major employers in Coos County over the past few months.
Celebration Associates, a real-estate company in South Carolina, formed an alliance with Crosland in 2001, a real estate investment and management company with development experience, to collaborate on projects.
Then I looked up Celebration Associates
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The Crosland Group and Celebration Associates Form Strategic Alliance
Charlotte, N.C. (August 23, 2001) - Crosland, Inc., a private, diversified real estate investment and management company with extensive development experience, and Celebration Associates, LLC, a leading advisor and developer of mixed-use, master-planned communities in the Southeast, announced today that they have formed a strategic alliance to collaborate on select real estate projects.
Crosland will invest in select vertical development opportunities within master-planned communities, which are being managed by Celebration. Initial efforts are already underway on the Baxter Health Campus at the Village of Baxter in Fort Mill, S.C., with several other opportunities currently under evaluation.
We are excited to be entering into this relationship with Celebration Associates, said Todd Mansfield, CEO of Crosland. They have a long-standing record with high quality villages and have been able to create a true sense of place in each of their developments. Through collaboration, we feel we can provide enhanced products and services to our clients and partners.
Charles Adams, managing principal with Celebration Associates, said, Our firm is pleased to have the opportunity to form this alliance with The Crosland Group. Their 64-year record of excellence and depth of experience in retail, commercial and residential development will enhance our ability to realize the full potential of the communities in which we are involved.
Celebration Associates, based in Fort Mill, S.C., was founded by former Disney executives who oversaw the development of the Town of Celebration, a widely recognized community near Orlando, Fla., built by The Walt Disney Company. Croslands Todd Mansfield worked together with the principals at Celebration Associates for eight years at Disney.
About Celebration Associates
Celebration Associates, is a leading advisor and developer of mixed-use, master-planned communities and villages. Celebrations principals and associates have extensive expertise in homebuilding, multi-family, retail, office, and seniors housing that they occasionally develop in and around the communities they manage. The firms current large-scale projects under management include the Governors Club, a 2,000-acre development near Chapel Hill, N.C., and the Village of Baxter, part of the 7,000-acre Clear Springs Plan in Fort Mill, S.C. Celebration communities are known for their natural amenities such as parks, walking trails and golf courses. Most incorporate community cornerstones such as educational, technological and health care facilities. Through its alliance with The Pinehurst Company, Celebration Associates also is involved in resort village development at Pinehurst, N.C., The Homestead in Hot Springs, Vir., and Daufuskie Island Club and Resort near Hilton Head, S.C.
Makes you wonder what the plan is......