Record #:

13580

Author(s):

Craig, Sally

Abstract:

Approximately nine months ago the owner of the Pinehurst Resort failed to meet obligations in a $73 million loan agreement, and an eight-bank consortium took over the property. The new owners plan to restore the resort to its former elegance through a new management team, an infusion of capital, improved maintenance programs, and renew attention to the elegant details that once characterized the hotel.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 2 Issue 8, Sept 1982, p24-27, il

Subject(s):

Pinehurst Resort (Pinehurst)