Hotel & Spa In Settlement with Former Partners;
Grand Heritage Hotels Appointed Manager
|PORTLAND, Ore. (June 2004) – Portland developer Paul Brenneke, CEO
of Avalon Holdings LLC and majority partner in the investment group of
Avalon Hotel Developer LLC, has been awarded the Avalon Hotel & Spa
and adjacent Rivers Restaurant as part of a settlement with his former
partners. An undisclosed cash sum was also paid to Brenneke’s entity
as part of the settlement. This was the final chapter in the ongoing
partnership dispute between Brenneke and his former partners resulting
from the post 9/11 restructuring of the hospitality industry. Previously,
as part of a settlement between affiliated investors, Brenneke obtained
100 percent ownership of the Second & Pine luxury hotel-condominium
property in the heart of Downtown Seattle.
Under Brooks’ management, The Governor increased occupancy by 17 percent since taking over six months ago and earned the prestigious AAA Four Diamond Award. Previously, both The Avalon & The Governor were managed by Waterford Hotels and Inns, Inc., a California-based management firm with eight properties in its portfolio.
Grand Heritage Hotels specializes in historic properties that epitomize luxury and comfort. Originally founded in 1989 by owner John Cullen, the Grand Heritage Hotel Company, including 18 hotels in the United States and 57 international franchises, was sold in 1997 to Wyndham International. In 2003, Cullen repurchased the historic hotel company from Wyndham International. He is now re-launching the Grand Heritage Hotels brand that includes seven hotels throughout the United States, including the newly purchased Governor Hotel in Portland, Oregon.
The Avalon Hotel & Spa is the only Oregon member of Small Luxury Hotels of the World and is the 2004 recipient of Mobil Travel Guide’s "America's Best Hotel & Resort Spas" Award.
Avalon Holdings, LLC, is a commercial and residential real estate development firm based in Portland, which originally developed The Avalon Hotel & Spa. The development firm has earned national recognition for its upscale, urban environments using the latest in luxury design for its condominium projects and world’s top management for its hotels and facilities.
|Also See:||Avalon Hotel Partners LLC, Retains Control of the Avalon Hotel & Spa; Wins Court Ruling / October 2003|
|Grand Heritage Hotel Group Acquires Historic Governor Hotel in Downtown Portland / October 2003|
|Avalon Hotel and Spa Opening with Amenities of a Destination Spa in Downtown Portland, Oregon / April 2001|