| NASHVILLE, Tenn - Aug. 18, 2005 -- Aventura, Florida based Turnberry
Associates and Nashville based Corner Partnership have announced the purchase
of Union Station - A Wyndham Historic Hotel in the heart of Downtown Nashville.
A
classic Romanesque masterpiece built in 1900, Union Station was the cornerstone
of elegance and sophistication in travel for many generations. For the
first time in many years, the former historic train station will be locally
owned and managed.
"Turnberry Associates is proud to continue to invest in Nashville. We
have a high regard for the city as a vibrant and evolving destination.
We look forward to continue our contribution to the destination with the
repositioning and revitalization of this iconic classic hotel," says Philip
Goldfarb, Executive Vice President of Turnberry Associates Hospitality
Division. "As a hospitality company, we recognize the unique opportunity
to restore the once held prominence and grandeur to the Union Station Hotel,
coupled with respectful recognition to a National Historic Landmark with
over a hundred years of history to tell through distinctive luxury service
in a uniquely memorable property," adds Goldfarb.
The multi-million dollar renovation will include extensive upgrades
to all guestrooms, the main lobby and retail shops, refurbishment of restaurant,
lounge and meeting/banquet space.
Turnberry Associates - Aventura, FL
Founded in 1967 by Donald Soffer, Turnberry Associates is one of the
country's leading full-service real estate development and property management
firms. The company has to its credit the development of more than $5 billion
in commercial and residential property. This includes approximately 20
million square feet of retail space, some 5,000 luxury apartments and condominium
units and 1.5 million square feet of class-A office space. Turnberry's
hotel and resort properties include Hilton Nashville Downtown, Orlando
Marriott Downtown, Courtyard by Marriott Downtown Orlando, Courtyard by
Marriott at Aventura Mall, Residence Inn by Marriott at Aventura Mall and
Hampton Inn Hallandale Beach/Aventura. Future projects include sites in
Destin, FL and Las Vegas, Nevada.
About Union Station - A Wyndham Historic Hotel
Union Station, a historic hotel that captures the elegance and excitement
of America at the turn of the century, is located in the heart of Music
City, USA. The lobby features a 65-foot vaulted ceiling of stained glass,
glittering gold-leaf mirrors and bas-relief sculptures. Combining historic
charm with the best of today's modern amenities in 125 spacious guest rooms
and suites, Union Station offers 12,000 sq. feet of meeting space available
for business meetings, special events and milestone celebrations.
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