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Date Posted: 15:54:35 12/10/05 Sat
Author: tourmaline
Subject: Re: How is South Seas coming along???
In reply to: tourmaline 's message, "Re: How is South Seas coming along???" on 11:40:07 12/01/05 Thu

>I don't know if you've heard, but the re-opening of
>South Seas is now scheduled for March 17, 06 and it
>will be phased as different parts of the resort open.
>It is a 'soft' date. The last phase of the re-opening
>is the main pool, currently scheduled for June 06.
>The contractors left the job. Meristar provided
>several options, one being to sell the asset, another
>to take on a partner and the third being to raise more
>capital. Money has become the biggest issue.
>Check the message board at www.bestofsanibelcaptiva.com and you'll find more.
>The info above came from a Sanibel resident who was
>involved in a conference call that included Meristar and condo and times share officers.

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