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  Dunavant Enterprises, Inc. Reopening the 35-room Henderson Park Inn,
Destin, Florida; The Sterling Companies Selected to Manage
the Landmark Bed & Breakfast
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DESTIN, Fla. – March 23, 2007 – Everything old will soon be new again at the Henderson Park Inn Bed & Breakfast, thanks to The Sterling Companies ( www.TheSterlingCo.com ). The company, one of northwest Florida’s leading full-service resort, development, sales and management firms, was recently selected by Dunavant Gulf LLC, the owners of the Henderson Park Inn, to handle renovations and resort management for the landmark bed & breakfast. 

Scheduled to reopen on May 1, the stately, 35-room New England-style bed & breakfast is situated adjacent to the 208-acre Henderson Beach State Park at 2700 Scenic Beach Hwy 98.  The property’s location will offer visitors 1.2 miles of unobstructed Gulf views, easy access to the park’s more than 6,000 feet of pristine sugar-white sand beaches and shoreline, as well as a short drive to Destin’s best restaurants, shopping and entertainment.  

“The Sterling Companies is honored to have a role in the rebirth of this charming bed & breakfast,” said Jim Olin, The Sterling Companies’ managing partner. “The Henderson Park Inn has always been a truly special destination for travelers in search of a romantic getaway on Florida’s Emerald Coast and we look forward to creating memories for more travelers in the upcoming years.”

Once popular with couples and travelers seeking a romantic retreat, the renovated Henderson Park Inn will continue to feature many amenities loved by past visitors, including spacious rooms and suites with terraces or balconies overlooking the Gulf of Mexico, private bathrooms and, in many cases, fireplaces and whirlpool tubs. In addition, all rooms will offer guests a microwave, mini-refrigerator, cable TV and VCR/DVD player. Beyond in-room amenities, the property will offer a continental breakfast, beachside Jacuzzi and exclusive access to golf at the nearby Fred Couples championship course at Kelly Plantation. 

“The passion of past guests at the Henderson Park Inn truly inspired us to revive this landmark bed & breakfast,” said William Hagerman, Dunavant Enterprises’ senior vice president of real estate operations. “Everyone at Dunavant is extremely excited to bring this treasured bed & breakfast back to life and, by partnering with The Sterling Companies, this property will quickly return to its past glory as a jewel of the Emerald Coast.”  
 
ABOUT THE STERLING COMPANIES:
The Sterling Companies, consisting of Sterling Development, Sterling Realty and Sterling Resorts, is Northwest Florida’s only fully integrated, full-service resort development, sales and management firm. From resort development and real estate sales to vacation rental and homeowner association management, Sterling provides a full range of services for luxury resorts, condominiums and vacation homes located in popular destinations along the Gulf Coast of Northwest Florida, Alabama and Mississippi.  In the past 10 years the Destin, Fla.-based companies have developed more than 1,600 units and home sites, with more than 1,000 additional units planned or under construction. In addition, The Sterling Companies have nearly 5,500 units at more than 20 resorts under management, and hold affiliate ownership in two of Northwest Florida’s premier developments – Bay Point Resort and Kelly Plantation. For more information, visit www.TheSterlingCo.com .
 
ABOUT DUNAVANT ENTERPRISES, INC.
Dunavant Enterprises, Inc. (DEI) is the largest privately owned cotton merchant in the world, handling in excess of 6 million bales of U.S. and foreign cotton each year.  Dunavant has offices in the major cotton producing areas of the United States; Geneva, Switzerland; Guatemala City, Guatemala; Hong Kong, China; Sao Paulo, Brazil; Buenos Aires, Argentina; Lusaka, Zambia; Kampala, Uganda; Quelimane, Mozambique; Asuncion, Paraguay; Brisbane, Australia; Obregon, Mexico; Ashgabad, Turkmenistan and Tashkent, Uzbekistan.  Dunavant holdings include various truck brokerage companies, cotton warehouses in the United States and Australia, ginning operations in Zambia, Uganda, Mozambique and Australia, as well as a commodities trading company with locations in New York City and Memphis, Tennessee.  Additionally, DEI has more than 30 years of experience in different types of real estate investments. One of Dunavant’s more notable real estate developments is the 6,000 acre mixed- use community known as St Johns/World Golf Village in St. Augustine, Fla.  Visit www.dunavant.com for additional information.

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Contact:

Dunavant Enterprises, Inc. 
www.dunavant.com

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Also See: Sterling Companies Restructure Executive Roles, Promote McNeil To Chief Executive Officer / February 2007
Developer Tom Becnel Begins Construction of The Palms of Destin Resort and Conference Center in Destin, Florida / June 2005
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