Sawgrass Marriott Gets Time to Regroup; but Some Ponte Vedra Leaders Are Skeptical Resort's Owners Will Get Finances in Order

By Andres, Shakaya | The Florida Times Union, June 30, 2010 | Go to article overview

Sawgrass Marriott Gets Time to Regroup; but Some Ponte Vedra Leaders Are Skeptical Resort's Owners Will Get Finances in Order


Andres, Shakaya, The Florida Times Union


Byline: SHAKAYA ANDRES

PONTE VEDRA BEACH - A judge's recent decision to give Sawgrass Marriott Golf Resort & Spa six months to get its finances in order came as welcome news, officials said.

The highly visible and central resort is a key economic engine in the Ponte Vedra Beach area and is important because of its ties with The Players Championship, one of the area's largest tourism draws.

"These rulings are another positive step in our reorganization," said Jeff Mayers, general manager of the Sawgrass Marriott. "This continues to validate the ownership's management of the resort."

But St. Johns County Commissioner Phil Mays, who represents Ponte Vedra Beach, said he has limited confidence that the Sawgrass Marriott owners will be able to negotiate with their lenders to work out a successful resolution.

"The owners do not have a workable understanding of how to deal with their lender, which has been exemplified in the last few months," he said. "It's disappointing."

U.S. Bankruptcy Judge Paul M. Glenn of Jacksonville approved a six-month extension last week allotting the Sawgrass Marriott owners more time to file a reorganization plan.

In granting the extension until Dec. 29, Glenn denied mortgagee Goldman Sachs' request to proceed with a foreclosure on the resort hotel, according to court filings.

The judge also approved the owners' request to hire Jones Lang LaSalle to search for investors to raise capital.

Two Irish investment partnerships, RQB Resort LP and RQB Development LP, own the 508-room resort. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Sawgrass Marriott Gets Time to Regroup; but Some Ponte Vedra Leaders Are Skeptical Resort's Owners Will Get Finances in Order
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.