Consortium grabs Holiday Isle for $98 mn
Laptop Battery Investcorp and Ceebraid-Signal Corporation have announced the
acquisition of Holiday Isle, an existing 151- room hotel and marina
complex located on Islamorada in the Florida Keys.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad The 12.5-acre property, which has been purchased for
approximately $98 million, will be redeveloped into a luxury
condominium hotel and marina resort.
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Microsoft The Holiday Isle property is located on Windley Key in the
Village of Islamorada, Florida, approximately 77 miles south of
Miami and 83 miles north of Key West.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Laptop Computers The existing hotel and retail facilities, which were built in
stages between 1954 and 1976, will be replaced with a newly
constructed condominium hotel project featuring 151 condo units of
approximately 1,250 square feet each.
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Laptop Computer The redevelopment will also include ancillary retail,
restaurant, bar, lobby, and spa
areas, a marina facility, tennis
courts, and a resort pool.
"Computer industry analysts estimate that some 60 percent of all corporate data exists only on desktop and laptop computers, " said Walter Scott, CEO of Acronis. "Incorporating Acronis True Image with New Mexico Software backup server is the ideal solution to capture that corporate data and ensure that it is not lost. While traditional server backups are effective for protecting server data, every company should have a combination of server and workstation backup plans."
Desktop Computer Holiday Isle is the fifth joint
investment by Investcorp and
Ceebraid- Signal. In July 2005, Investcorp and Ceebraid-Signal
acquired the Gulfstream, a historic landmark hotel in Lake
Worth, Florida, for $13 million. Ceebraid- Signal is renovating
the interiors of the Gulfstream, transforming the popular Lake
Worth landmark into a distinctive boutique luxury hotel
Notebooks . Separately, in October 2005, Investcorp and Ceebraid-Signal
acquired the Palm Beach Hilton in Palm Beach, Florida for $42
million, renaming the property the Ocean Club Beach Resort.
Lenovo Investcorp and Ceebraid-Signal have commenced renovations to the
property in order to transform the property into a premier
condominium hotel.
Hard Drive John Fraser, co-head of Investcorp
Real
Estate, said, "We are very excited to create a new
value-generation opportunity for our clients by partnering again
with Ceebraid-Signal in the development of a luxury condominium
hotel and resort property. The Keys are extremely attractive to
vacationers for their unique offering of year-round sporting
activity, and the project will seek to satisfy a small portion of
the largely unsatisfied demand for quality, high-end product in the
area. We believe the new property will stand among the Florida
Keys' top resorts once the development is completed."
Travelstar Adam Schlesinger, President of Ceebraid-Signal, said, "The
acquisition of the Holiday Isle Resort is commensurate with our
commitment to and investment in South Florida. Our proven
reputation of successfully developing, renovating and repositioning
luxury properties throughout the United States and affiliations
with prestigious real estate companies such as Investcorp will
maximize the property's value as a real estate asset and will
enhance the resort's reputation as a Florida Keys destination."
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