Where is the abandoned colony resort in Florida?
Aug. 01–LONGBOAT KEY — Southwest Florida is about to get a boost in travel luxury it hasn’t seen since the Ritz-Carlton opened here in 2001. St. Regis is slated to operate the long- abandoned 18-acre beachfront site of The Colony Beach and Tennis Resort on Longboat Key, its Orlando-based owner said Tuesday.
Where was the Colony resort located?
Back in 1967, when 40-year-old orthodontist Dr. Murray “Murf” Klauber first saw The Colony Beach Resort on Longboat Key, he was smitten. It was winter, and Klauber had been preparing to fly out of his frigid hometown of Buffalo, N.Y., to deliver a speech at an orthodontics conference in St.
What happened to the abandoned resort in Florida?
Due to bankruptcy cases, lawsuits, and a large number of other litigations, the resort was left abandoned for years. Chuck Whittall, president and founder of Orlando-based Unicorp National Developments, purchased The recreational property for $22 million in 2016.
What happened to the Colony Beach Resort in Florida?
In late 2018, the last of the Colony Beach & Tennis Resort buildings had been demolished. Although Unicorp purchased some former Colony units through the years from individual buyers, the termination agreement set prices for the remainder of the units on a consistent scale.
Why did the Colony Beach Resort close?
The Colony closed in August 2010, after U.S. Bankruptcy Judge K. Rodney May converted the Colony’s Chapter 11 bankruptcy reorganization with its unit owners to a Chapter 7 liquidation. Ultimately, the rulings forced the Colony to close by dissolving the partnership that ran the Colony (led by Dr.
Who bought the Colony Hotel?
In December of 2016, the Clark family sold The Colony to the current owners, Andrew and Sarah Wetenhall, the son and daughter-in-law of Robert C. Wetenhall.