ginn: Ginn Clubs and Resorts Misses P&I Payments on $675 Million Credit Facility - 07/02/08 04:43 PM
Signaling cash flow woes, Ginn Clubs and Resorts missed principal and interest payments on its first- and second-lien debt according to a LCD report. Lenders have agreed to not exercise remedies for 30 days but have not waived the default. The 30-day waiver on principal and interest payments was granted when … (7 comments)

ginn: Battle Mountain, Bobby Ginn's Billion Dollar Ski Resort Project near Vail is One Step Closer - 03/20/08 07:06 AM
The last week of February, the Town Council of tiny Minturn, Colorado voted unanimously to annex 4300 acres of land on Battle Mountain owned by Ginn Resorts. Ginn plans to develop a billion dollar ski resort on the site. The annexation agreement includes a pledge by the developer of $180 million for … (0 comments)

ginn: Amid a Lousy Real Estate Market, Law Suits, and Rumors, is Bobby Ginn Imploding? Not from My Viewpoint. - 10/04/07 07:26 PM
October 4, 2007 - Palm Coast, Florida - Over the past few months, things in Bobby Ginn's world seem to have been disassembling. Bobby now faces a total of seven law suits; two related to his real estate empire and five to his personal foray into and embarrassing exit from NASCAR … (14 comments)

ginn: Ginn Company Purchases Bulow Shores – Intercoastal Property Once a Centex Project - 09/11/07 08:20 AM
In April, I heard that Bobby Ginn purchased the Bulow Shores development from Centex Destination Properties (CDP). I contacted a Ginn spokesperson to confirm the story. He said he would check it out and get back to me. He never did, so I posted it as a rumor. Well, now it's … (0 comments)

ginn: Ginn Resorts Enters Georgia Real Estate Market With Acquisition of BriarRose Community - 08/16/07 07:41 AM
August 16, 2007 - Palm Coast, Florida - Ginn Resorts projects within Flagler County include Hammock Beach, The Conservatory, Yacht Harbor Village, The Gardens, and Bulow Shores. The Celebration, Florida based resort and real estate developer announced yesterday that it acquired the real estate holdings of Atlanta based developer, BriarRose Land … (3 comments)

ginn: Hammock Beach - Luxury Oceanside Resort - Private Golfing Community - 08/03/07 03:59 PM
Hammock Beach was the first of The Ginn Company's developments in Flagler County. Ginn purchased property from Lowe Destination Properties, the same folks that developed Ocean Hammock. It is located along the Atlantic shore in an unincorporated area known as The "Hammock.''
Hammock Beach has 213 single family homesites but the jewel of Hammock … (0 comments)

ginn: Auction of Lots in Ginn Developments Yields Disappointing Results - 07/23/07 09:37 AM
The ingredients for a successful sale were there. The auction company was highly respected Sheldon Good, the largest real estate auction company in the country. The properties were desirable, all in private communities developed by Bobby Ginn, rich with amenities packages. The seller was flexible, understanding that the market had changed … (5 comments)

ginn: Auction of Five Lots in Ginn Hammock Beach Resorts Scheduled for July 22nd - 07/08/07 01:37 PM
Palm Coast, FL - Another investor has realized that investing in lots in gated communities is not a sure thing, even with a premier developer like the Ginn Company. The added costs of HOA fees and club dues mount quickly, cutting into potential profits in a rising market or increasing losses … (6 comments)

 
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