Tag Archives: longboat key

Sarasota-Manatee Tourism: From Europe, with love

cropped-wpid-photo-may-6-2013-1215-pm.jpg

British transplant Mark Toomey owns Robin Hood Rentals on Siesta Key.

 PHOTO by/ NICK ADAMS

By Dale White
Year after year, the Sarasota-Manatee region has been shattering its own records for attracting European tourists and 2015 appears to be no exception.

From 2010 through 2014, the numbers of Europeans patronizing area lodgings, restaurants and attractions from Anna Maria Island to Venice climbed by more than 50 percent – from more than 125,350 to more than 188,500. Reports from the first quarter of this year already show that foreign visitor count up 7.3 percent compared with the same three-month period of 2014. And the bulk of European visitors expected for this year are still two or more months away from making landfall.

Those year-over-year increases do not come by chance. Visit Sarasota County and the Bradenton Area Convention and Visitors Bureau credit a strategy that promotes this area as a destination for travelers from the United Kingdom and central European countries such as Germany, Austria and Switzerland. That strategy calls for targeted advertising and making connections with travel agencies most Europeans rely on. The strategy continues to work, even when the exchange rate is not in the dollar’s favor.

CLICK HERE <—– For complete article

U.S. Bankruptcy Judge K. Rodney May will allow a $23 million judgment auction to the Colony’s Trustee to move forward later this summer.

The Colony

by: Kurt Schultheis

U.S. Bankruptcy Judge K. Rodney May approved an emergency motion from Colony Beach & Tennis Resort Chapter 7 Trustee William Maloney this afternoon that allows him to move forward with bids and an auction for a $23 million judgment against unit owners this summer.

Maloney, who doesn’t foresee a settlement among Colony parties, and his attorney, Jordi Gusso, urged May to move forward with procedures that could lead to an August auction of a judgment that longtime Colony owner Dr. Murray “Murf” Klauber won on appeal against unit owners.

Maloney seeks to sell the judgment to Unicorp National Development President Chuck Whittall, which offered $3.5 million for the judgment, or a higher bidder with a better offer at auction. Maloney and Whittall, who already submitted a $200,000 deposit for his offer, have already signed a contract for the judgment.

“In the face of a $3.5 million cash offer, it’s appropriate to bring this forward to you,” Gusso said.

Gusso asked for a bid process for other parties to compete with Whittall’s offer that included the following parameters: an all-cash offer and a deposit that would amount to 10% of the amount of the total bid. The first available bid above Unicorp’s, Gusso said, should be set at $3.6 million.

For complete article, CLICK HERE <——

The Longboat Key Resort wants to add a second hotel

LONGBOAT KEY – In most towns, if a resort wants to add hotel rooms it can do so by acquiring the proper building and occupancy permits. 

Facts

THE VOTE

Longboat decision On May 12, the elections offices in Sarasota and Manatee counties will count the mail-in ballots they received in a Longboat Key referendum about replacing potential residential units with hotel rooms at The Resort at Longboat Key. 

For more information, Longboat voters in Sarasota County should call that elections office at (941) 861-8600 or go to sarasotavotes.com. Longboat voters in Manatee should call that elections office at (941) 861-8600 or go to votemanatee.com.

On Longboat Key, however, adding “tourism units” becomes a more complicated endeavor in which public opinion becomes the determining factor.

Ocean Properties, the owner of The Resort at Longboat Key, wants to build a second hotel with 259 guest rooms at its Islandside property on the south end of the key.

To do so, it must get the consent of the townspeople.

“In order to increase density, we have to hold a referendum,” Town Manager Dave Bullock said.

On March 12, 1984, Longboat’s electorate approved an amendment to the town charter. It states that, whatever densities (units per acre) were allowed on a property by the town’s comprehensive land use plan as of that date “shall not be increased without the referendum approval of the electors of Longboat Key.”

The Resort at Longboat Key Club consists of two areas: Islandside, a golf course community with houses, condos, a gulf-front hotel and amenities for club members; and Harbourside, a golf course community also called Bay Isles on Sarasota Bay with homes, a tennis center and other facilities for club members.


To view the entire article, click here <—LBR looking to add second hotel

Colony Beach & Tennis Resort Lender, Unicorp face sanctions

Colony Beach & Tennis Resort Lender, Unicorp face sanctions

this way to desolation beeach shot Building rot

by: Kurt Schultheis via Yourobserver.com

U.S. Bankruptcy Judge K. Rodney May has dealt a blow to Orlando-based Unicorp National Development Inc. in its quest to redevelop the Colony Beach & Tennis Resort.

May revealed Tuesday in his Tampa courtroom that he plans to file an order against Colony Lender LLC and Orlando-based Unicorp National Development Inc. for a list of sanctions.

After he finalizes and enters his order, Colony Lender will have 14 days to dismiss lawsuits it filed in state court against all Colony unit owners. Colony Lender and Unicorp sought more than $5 million in damages for unpaid rent plus interest on a disputed recreational facilities lease. May ruled last month that those letters violated an automatic bankruptcy stay.

“There will be no further steps to collect,” May said.

May also is requiring Colony Lender LLC principals David Siegal and Randy Langley, along with Unicorp President Chuck Whittall, to write a letter to every unit owner on official company letterhead that includes their names, stating that the claims against them are being dismissed.

And five unit owners who sold their units to Unicorp last year for $20,000 each after receiving demand letters in August stating they could face millions of dollars in liabilities if they did not sell their units to Unicorp, will have  a 30-day period to get their units back. 

Liens Colony Lender and Unicorp placed on units for rent will be removed as part of the pending order.

For the complete story, CLICK HERE <——

Stained… The beat goes on with The Colony on Longboat Key

Stained… The beat goes on with The Colony on Longboat Key

Colony Lender files foreclosure suit against owners

by: Robin Hartill via The Observer.com

Colony Lender LLC filed a lawsuit against Colony Beach & Tennis Resort unit owners Friday, seeking to foreclose on units at the shuttered Colony Beach & Tennis Resort. In the lawsuit, filed in the U.S. District Court’s Tampa Division, Colony Lender states it is owed more than $5.1 million in damages. Although it filed a notice of voluntary dismissal Tuesday, Colony Lender will refile the identical complaint in state court due to jurisdictional issues, according to Colony Lender principal David Siegal.

The suit seeks $4,594,276.40 for accrued unpaid rent plus interest on a disputed recreational facilities lease for the period of Oct. 29, 2008 through Aug. 15, 2014, plus $525,244.82 in unpaid real estate taxes plus interest and attorney fees.

When the Colony was operational, unit owners paid $650,000 annually for use of the tennis courts and other recreational properties at the property to longtime owner Dr. Murray “Murf” Klauber and other leaseholders.

Colony Lender argues that it owns both a 95% interest in the land and the lease, a claim that the Colony Beach & Tennis Association denies, arguing that Colony Lender owns only real property at the resort. The association also argues that the Florida Legislature outlawed agreements such as the recreational facilities lease in 1975.

The suit lists 174 defendants, representing all owners of the 237 units at the shuttered resort — except for Siegal, who owns two units.

Approximately nine owners agreed to sell their units to Orlando-based Unicorp National Development Inc., which has an agreement to purchase Colony Lender’s resort assets. Those owners will be dropped from the suit, according to Siegal.

“I would expect there will be a number of defense lawyers talking to us, and I would expect … being able to reach resolution with some and not with others,” he said.

For the full article, CLICK HERE <—-=====

Hidden Gems – Party at The Cove

Hidden Gems – Party at The Cove

 

The Cove, Sarasota, FL

The Cove, Sarasota, FL

by Rachel S. O’Hara – Ticket Sarasota

During the summer, those with boats like to take their friends and family to places a little less chaotic than the public beach. Places like The Cove. People have taken advantage of this secret oasis for decades, getting to the destination by boat, paddleboard, kayak or by simply swimming out the short distance to where The Cove becomes a very enticing sandbar. People spend hours swimming, floating on inflatable rafts or just bobbing around in the cool water.

Many come to The Cove prepared with food and drinks, and some people even barbecue on the back of their boats. Jell-O shots and mixed drinks are consumed by groups of adults while parents with children sip on juice boxes and look for sea urchins and other creatures that crawl along the bottom. During special weekends like Tubapalooza – an annual tradition for the last five years, the Fourth of July, the Suncoast Super Boat Grand Prix and Labor Day weekend, the festivities grow, with more boats, people and louder music blaring. It’s a party.

 

Luxury Meets Athleticism: 5 years strong

Luxury Meets Athleticism: 5 years strong

The antidote to procrastination

The antidote to procrastination

Story via SarasotaDay.Com

The GNC Longboat Key Triathlon and Duathalon celebrates its fifth anniversary this year, and the well-respected sporting event remains high on the bucket list for those who enjoy pushing their bodies to the limit.

Forming a global nation, the triathletes who travel to Sarasota to take part in the annual endurance test will be once again be looking forward to a combination of luxury and limb-busting sporting bonhomie that can take the most fleet of foot up to 90 minutes to complete.

As with all triathlons, the ability to overcome the inevitable long-distance swimming, cycling and running endurance tests is paramount.

“It’s extremely competitive,” said Tony Driscoll, CEO of TDA Global Sports, the promoter for the event.

“But this is, for a triathlon, a very luxurious setting,” continued Driscoll. “It’s second to none. The athletes are treated to a luxurious reward for their commitment.”

And Driscoll insists Sarasota can go the extra mile in the face of competition.

“Many of the athlete’s want to test themselves in Sarasota simply because this triathlon takes care of all the participants’ needs after the race is over. Why? Because most athletes will have experienced the usual attitude of ‘Hey, well done for finishing. Here’s a bottle of water and a banana.’

“This event is far from that business model,” Driscoll said.

“This triathlon is an upscale event that attracts athletes who want to compete,” Driscoll continued. “But they also want their sense of achievement recognized.

“I don’t care if they’re professional or amateur athletes. I’ll make sure they are rewarded for their efforts.”

For more information or to preregister, visit lbktriathlon.com

For more Sarasota Happenings, CLICK HERE <—-======

Updated Colony Tennis & Beach Resort on Longboat Key photos

Updated Colony Tennis & Beach Resort on Longboat Key photos

Colony pictures

Colony pictures

beeach shot

building boarded up

Building rot

colony limo parking

employee of the month

flower shop

guards booth

hope blooms

hotel warnings

hotel yellow tape

I am legend

sewer growth

tennis anyone

tennis arch

this way to desolation

vacant office

vacant restaurant

where golf carts go to die

wrong way

Suncoast Property Management & Leasing — Serving Sarasota County

Suncoast Property Management & Leasing — Serving Sarasota County

Sarasota Property Management, Sales & Leasing

At Suncoast Property Management, Sales & Leasing, we are a full-service company. We assist our clients and customers in locating and purchasing investments, leasing properties on annual and monthly terms and finally, managing those properties per each clients wishes.

The Colony Beach & Tennis Resort on Longboat Key, FL Update – with Photo’s, timeline & investor info

The Colony Beach & Tennis Resort on Longboat Key, FL Update – with Photo’s, timeline & investor info

The Colony Beach & Tennis Resort on Longboat Key, FL

The Colony Beach & Tennis Resort on Longboat Key, FL

The Colony Beach & Tennis Resort on Longboat Key, FL

The Colony Beach & Tennis Resort on Longboat Key, FL

Fourteen companies/investors — which includes six participants that either have local roots or businesses in the area — are in the running to either redevelop or teardown and rebuild the shuttered 41-year-old Colony Beach & Tennis Resort.

The Colony Beach & Tennis Resort Association Board sent a report March 8 to unit owners that revealed Colony unit owner Andy Adams and his AdamsMark LLC; local resort developer Larry Starr; Ocean Properties, Ltd. (owner of the Longboat Key Hilton Beachfront Resort, the Lido Beach Resort and Holiday Inn Lido Key); Sarasota-based MW Development & Investment Advisory; local commercial Realtor Stan Rutstein; and Sarasota-based Floridays Development Co. have all submitted proposals to restore the resort.

The eight other non-local companies and investors are Naples-based Coral Hospitality; New York-based Starwood Capital Group; Broomfield, Co.,-based Quintess; Harper Sibley; Stamford, Conn.,-based JHM LLC; Sonoma County, Calif.,-based Mayacama; The Koru Group; and Bob Understein and Greg McMurtrie.

The Colony Beach & Tennis Resort closed Aug. 15 after a U.S. Bankruptcy judged ruled to convert the Colony’s Chapter 11 bankruptcy reorganization with its 232 units owners to a Chapter 7 liquidation.

Colony owner and Chairman Dr. Murray “Murf” Klauber and the unit owners had been entangled in a legal battle since 2007, when Klauber filed a lawsuit in Sarasota County alleging the unit owners owed $14.1 million in resort repair costs. The Colony Association filed for bankruptcy in November 2008; and Bank of America filed a foreclosure suit against Klauber and seven of his corporations in April 2009.

The Chapter 7 liquidation ruling gave the Colony Association Board of Directors (the unit owners) control of the majority of the 18-acre property.

FOR FULL ARTICLE, BY KURT SCHULTHEIS | LONGBOAT OBSERVER, CLICK HERE <——-

The Colony Beach & Tennis Resort on Longboat Key, FL

The Colony Beach & Tennis Resort on Longboat Key, FL

TIMELINE

1968 — The Klauber family moves to Longboat Key from Buffalo, N.Y.

1969 — Dr. Murray “Murf” Klauber and a business partner purchase the Colony for $3.5 million and turn it into the first “tennis-centric resort” in America.

1972 — Klauber forms the first condominium hotel rental partnership agreement in the state.

1985 — The Colony is inducted into the Nation’s Restaurant News Fine Dining Hall of Fame.

1988 — Katie Klauber Moulton becomes president and general manager of the Colony.

2004 — The Colony is recognized as the No. 1 tennis resort in the U.S. by Tennis magazine for an unprecedented eight consecutive years.

2007 — Klauber files a lawsuit in Sarasota County, alleging the Colony Association unit owners owe $14.1 million in resort repair costs.

November 2008 — The Colony Association files for Chapter 11 bankruptcy in Tampa, forcing a federal bankruptcy judge to make the final decision on a two-year-old disagreement between the unit owners and resort operators.

April 2009 — Bank of America files a foreclosure suit against Klauber and seven of his corporations.

July 2009 — A federal bankruptcy judge rules the association does not have to pay $14.1 million in repairs.

Sept. 22, 2009 — Klauber and Moulton announce hotel operations will be suspended until further notice.

October 2009 — The Colony’s hotel-operating entity files for Chapter 11 bankruptcy, putting the resort’s debts on hold.

December 2009 — Bankruptcy Court Middle District of Florida Judge K. Rodney May approves the re-opening of 100 rooms at the Colony and a $175,000 loan to Murf Klauber.

January 2010 — The Colony’s hotel-operating entity submits a reorganization plan that would renovate the resort at a cost of $20 million.

Feb. 26, 2010 — Developer/entrepreneur Randy Langley and businessman/lawyer David Siegal purchase loans for $10 million from Bank of America for Klauber-owned property and announce a plan to revitalize the resort.

April 2010 — The Colony Association asks May to convert the case from a Chapter 11 bankruptcy filing to a Chapter 7 liquidation, which would make the Colony into a condominium association instead of a hotel resort.

June 2010 — May appoints William Maloney, a St. Petersburg-based, chief financial officer, restructuring partner with Atlanta-based Tatum Partners, as trustee to oversee all aspects of the Colony.

July 2010 — Siegal confirms that he and Langley will pursue mortgage foreclosure against Murf Klauber.

Aug. 9, 2010 — May converts the Colony Chapter 11 bankruptcy reorganization to a Chapter 7 liquidation, giving the resort’s 232 unit owners complete control of their units.

— Robin Hartill

The Colony Beach & Tennis Resort on Longboat Key, FL