| |
NewswireTODAY - /newswire/ -
West Palm Beach, FL, United States, 2007/05/15 - The Lodge at Sandhills, investment fund’s most recent purchase.
|
| |
RESITrust announced today the acquisition by its Chelsea Hospitality Division of The Lodge at Sandhills, a 40 room boutique hotel.
Ideally situated adjacent to a private golf club the hotel is in pristine condition and will soon be excepting its first pre-booked guests. “The Lodge is an ideal purchase for Chelsea Hospitality Group,” says Director of Hospitality Ron Halder “with the combined resources of Suite Carolina and Manchester we have the vendors, reservation systems and renovation crews ready to improve this already fantastic property.”
The Lodge includes a full size pool, restaurant and lounge. Pinehurst is the golf capital of the United States. A large vacation destination the city is home to the U.S. Women's Open Championship as well as 43 distinct golf courses within a 15 mile radius. The Village of Pinehurst, located in an area known as "the Sandhills" in Moore County, is in south central North Carolina about 60 miles southwest of Raleigh, the State capitol, and about 75 miles east of Charlotte.
“The Lodge presents the same opportunity that we have been able to take advantage of in previous acquisitions. We acquired this property at a significant discount, will perform minor renovations and manage it to its full potential. This is the basic formula that has served Chelsea so well in the past.” says CEO Dan Kiely.
ResiTrust Incorporated is a domestic U.S. real estate fund exclusively for non-U.S. investors. It currently owns and operates properties in Florida, Tennessee and North Carolina.
Note: This document is issued by SCI for information purposes only. No representation is being made that any investment or fund described in this document will or is likely to achieve profits, losses or returns similar to those shown. Past performance is no guide to future results. This document does not constitute an offer to sell or a solicitation of an offer to buy shares in any of SCI’s funds. Offer is by invitation only and subscription for shares in the fund can only be made by completing the application form that accompanies the Offering Memorandum. Neither the Fund nor the Fund Manager accept liability from any investors who rely on any information other than that contained in the Offering Memorandum. Projections, forecasts or investment allocation scenarios shown are made for example only and are subject to change, variation, market conditions, currency fluctuations and numerous other factors. Track records shown (if any) are of potential investments and do not take into account fees or expenses. They are not historical performance data for the Fund, as the Fund is new and has no historical data. The Manager believes that the data herein has been obtained from reliable sources, but makes no warranties therefore. The Fund is an unregulated fund for non-Us citizens and is not regulated by the Securities Exchange Commission or the US government. Neither is it regulated by the laws of any other country. Investors should act accordingly in assessing an investment in this or any fund.
|
info[.]scifunds.com 
