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Business & Finance

Daniel Communities to Manage Historic Cashier's 116-Room High Hampton Inn Following Acquisition by Arlington

CASHIERS, NC. July 17, 2017 – Sale of the famed High Hampton Inn has concluded between the McKee family, Arlington Family Offices, and Daniel Communities. Daniel Communities led the acquisition process on behalf of Arlington and its client families and will manage the historic property going forward. Acquisition of the iconic mountain resort which, the McKee family opened in 1922, included the historic inn and grounds, golf course and 1,050 acres of related hospitality and real estate assets.

“There is no deeper obligation Becky and I have than to the health and success of High Hampton Inn. We know that for High Hampton Inn to thrive, it is time to entrust the property to new ownership who is properly capitalized and fully convicted to perpetuating the success of High Hampton Inn for generations to come,” said High Hampton Inn President Will McKee. “We have not only high confidence in Daniel’s expertise and vision for High Hampton Inn but also the financial support of Arlington and its client families who share the same values and vision for the future of High Hampton Inn.”

Daniel Communities is one of the country’s leading developers and managers of premier destination resort communities including the renowned golf and lake resort, Reynolds Lake Oconee and Ritz Carlton Lodge. Daniel is one of the most recognized and trusted names in real estate with a heritage that spans nearly 60 years. Headquartered in Birmingham, Ala., Daniel Communities has created and managed some of the most iconic and transformative properties in the southeast.

“The McKee family has been faithful stewards of High Hampton Inn for three generations, and our vision is to honor and build upon the legacy,” said Daniel Communities President John Gunderson. “We plan to maintain continuity with what makes High Hampton special and work closely with all stakeholders to ensure we fully understand the priorities and opportunities to elevate the guest and homeowner experience for generations to come.”

Since its founding in 1998, Arlington Family Offices have become one of the nation’s leading multi-family offices. Based in Birmingham and Nashville, Arlington serves high net worth families in the United States, Europe and Canada. As part of its family office services, Arlington provides investment, trust, tax, planning, record keeping and administration services to its clients. It periodically acquires strategic real estate and business assets that offer legacy and value creation opportunities and align with the generational investment goals of its clients.

“We are honored by the trust the McKee family has put in us,” said Arlington’s General Counsel Stephen Rowe. “High Hampton is a special asset and a unique opportunity for our client families. We look forward to carrying on the legacy of High Hampton but also to making important improvements that will allow High Hampton to succeed for the next 100 years.”

About High Hampton

High Hampton Inn & Country Club, listed on the National Register of Historic Places, has for 95 years operated as a rustic yet elegant mountain inn overlooking the spectacular scenery of North Carolina’s Blue Ridge Mountains. Amenities at this 3,600-foot elevation, 1,400-acre, 116-room resort (with lodge rooms, cottages and cabins, all with private bath) include a myriad of seasonal events (children’s programs, llama walks, golf and tennis clinics, dahlia dinners, etc.), an 18-hole George W. Cobb-designed golf course, a full dining room with three sumptuous buffets daily, five tennis courts, spa, hiking trails and a 35-acre lake for swimming, boating, fishing, and other water-related activities. Visit High Hampton Inn at 1525 Highway 107 South in Cashiers, N.C. 28717. For more detailed information, see the website at www.highhamptoninn.com or contact reservations toll-free at 800-334-2551.

Contact:
Liz Trent
etrent@pineapple-pr.com
404-237-3761

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.