Belleview Biltmore Property Sold
By c.j. pollick
BELLEAIR - As of Wednesday the 20th of June, 2007, the Belleview Biltmore Hotel and related properties (Belleview Biltmore Golf Club and Beach Cabana Club) were sold by Honeywell Pension Fund to Legg-Mason Corp. Purchase price was not disclosed.
The sale was welcomed by many Belleair and Biltmore friends, "This is a good thing for the Biltmore . . . it will now begin to make progress," stated one Belleair citizen.
Martin Smith will remain as General Manager of the Belleview Biltmore Hotel (and Cabana Club) while Chuck Eade remains General Manager of the Belleview Biltmore Golf Club. GF Management Group of Philadelphia will oversee management of the hotel assets.
Employees of the Biltmore have been notified of the change in ownership. According to some Biltmore employees, "Not much is expected to change at this time, but it is understood that there are management people making plans for improvements and other direction changes for the Biltmore properties. All of this is a good thing."
As one golf club member said on Wednesday, "Finally, all the talk about a sale of the property is over."
Belleview Biltmore is now under new ownership.
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