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In July 2013 Carey Watermark Investors Inc. purchased a 75% joint venture interest in the 226-room Fairmont Sonoma Mission Inn resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $82 million: $76.6 million purchase price plus $5.4 million in renovations and acquisition cost.
CWI's interest in the joint venture is 75 percent while Fairmont will retain a 25 percent ownership interest. The joint venture's total investment in the property is approximately $97.1 million, which was financed with $44 million of debt. CWI's investment is approximately $73.3 million, including its allocated portion of debt. The first phase of an approximate $10.7 million renovation is nearing completion and includes the updating of all Heritage Rooms, a complete redesign of the lobby and fine dining room, Sante, as well as the creation of a new lobby bar. Additional work is planned over the next two years including the spa.
Carey Watermark Investors is W. P. Carey’s non-traded REIT that was formed to take advantage of current and future opportunities to invest in the lodging industry and lodging-related properties.
Carey Watermark Investors Inc. owns other significant hotels such as the - Holiday Inn Manhattan 6th Avenue New York, NY; Lake Arrowhead Resort & Spa Lake Arrowhead, CA; Hyatt French Quarter New Orleans, LA; and the Westin Atlanta Perimeter North Atlanta, GA.
The transaction comes just over one year after Fairmont acquired the remaining stake in the Mission Inn from Crescent Real Estate Equities L.P. Fairmont has been hotel's management since 2002, when the company acquired a 19.9% ownership position in the property and took over management.
Michael Medzigian, CEO of CWI, said in a prepared statement.“Given the strong market and the high barriers to entry, we believe that this investment is consistent with our strategy of sourcing and investing in opportunities where we can joint venture with owners to maximize the current value of the asset, create a solid financial platform for future operations and achieve attractive risk-adjusted returns for our investors,”
Fairmont Sonoma Mission Inn & Spa Statistics:
Year: - - - - 2008 - 2009 - 2010 - 2011 - 2012 - 2013
Occupancy - - 73.70% 69.40% 72.60% 71.20% 68.20% 68.70%
ADR - - - - $312.12 $260.02 $262.91 $285.87 $309.63 $312.09
RevPAR - - - $230.19 $180.49 $190.87 $203.65 $211.31 $214.33
Crescent Real Estate Equities, an investment trust, bought the property in 1996. Crescent defaulted on a $55 million loan in 2011. The resort was scheduled for a foreclosure auction in Santa Rosa in January, 2012 but was pulled from the sale by lenders. Fairmont Hotels acquired full ownership of the Fairmont Sonoma Mission Inn & Spa, at an undisclosed price. The resort was reportedly listed for $100 million. Jennifer Fox, Fairmont President said “We believe the timing is right to support strategic acquisition opportunities and fund future growth of our brand.”
Rick Corcoran's is the current General Manager at Fairmont Sonoma Mission Inn & Spa. He previously was the Hotel Manager at the Fairmont Hotel Vancouver and the Director of Food and Beverage at Fairmont San Francisco.
The kids singing "Here Comes Uncle Jessie" at CPPP Completion Day." You can see all the kids on the podium in this photo.
Philae Temple Complex is on an island in the reservoir of the Aswan Low Dam, downstream of the Aswan Dam and Lake Nasser, Egypt. Philae was originally located near the expansive First Cataract of the Nile in Upper Egypt and was the site of an Egyptian temple complex. These rapids and the surrounding area have been flooded since the initial construction of the Aswan Low Dam in 1902. The temple complex was dismantled and moved to nearby Agilkia Island as part of the UNESCO Nubia Campaign project, protecting this and other complexes before the 1970 completion of the Aswan High Dam.
One of Nubia's most important monument sites, the Temples of Philae, 12 kilometers south of Aswan, was an ancient pilgrimage center for the cult of Isis and dazzled travelers with its power for centuries. This sacred site was venerated from the Pharaonic era up to the Greek, Roman, and Byzantine periods with each ruler adding their own stamp onto the stones here.
The First Pylon leads into the main temple area. Its two towers and central doorway provide a grand 18-meter-high entry that is decorated with reliefs by Nectanebo. A doorway in the western tower with reliefs by Philometor, leads directly to the Birth House. In front of the pylon there originally stood two granite obelisks erected by Euergetes II and two granite lions. Adjoining the east tower, an elegant gateway has reliefs by Ptolemy II Philadelphus (on the lintel) and the Emperor Tiberius (on the jambs). The gateway, built by Philadelphus, originally stood in a brick wall.
On the front of the east tower, a huge relief depicts Ptolemy XII Neos Dionysos grasping a band of enemies by the hair and raising his club to smite them, with Isis, the falcon-headed Horus of Edfu, and Hathor on the left. Above are two reliefs of Neos Dionysos presenting the crowns of Upper and Lower Egypt to Horus and Nephthys (right) and offering incense to Isis and Harpocrates (left).
On either side of the Forecourt, you'll see structures fronted by colonnades. The small building to the east contained rooms for the priests, which served some scientific purpose. Look for the plant columns in its vestibule, which are notable for their elegant proportions. On the north side of the building's vestibule, a door accesses the inner passage around the temple.
The building on the western side of the Forecourt is the Birth House (mammisi), dedicated to Hathor-Isis in honor of the birth of her son Horus. It is surrounded on all four sides by colonnades, the columns in which have foliage capitals surmounted by sistrum capitals. The walls, columns, and screens between the columns are covered with reliefs and inscriptions, mostly by Euergetes II, Neos Dionysos, Augustus, and Tiberius.
In the Birth House check out the interesting reliefs in the last chamber, which depict scenes from the childhood of Horus, including Horus as a falcon in the swamps of the Delta and Isis suckling Horus in the swamps.
The Second Pylon provides a fittingly regal entry to the inner sanctum of the temple with a magnificent doorway 32 meters wide and 12 meters high. The reliefs on the central doorway are by Euergetes II. In front of the doorway are the foundations of a small chapel. Within the central doorway (on the right, above) are some much faded early Christian paintings.
The eight-columned Vestibule is the first room of the inner temple area and was originally separated from the court by screens between the columns on the front. Look for the Coptic crosses and Greek inscription incised into the walls that show how the temple was transformed into a Christian place of worship during the early Byzantine age under the Coptic Bishop Theodore.
After passing through a number of antechambers flanked by dark side chambers, you come to the Sanctuary, lit by two small windows. On the west side of this room is a door leading out of the temple to arrive at the Gateway of Hadrian. Gateway of Hadrian was built in the reign of the Emperor Hadrian and decorated with reliefs by Hadrian, Marcus Aurelius, and Lucius Verus.
Long after the introduction of Christianity, the Nubians remained faithful to the cult of Isis, and it was only in the time of Justinian (AD 527-565) that the temples were closed and some of their chambers converted for use in Christian worship. From then until the coming of Islam, a Coptic town flourished on the island.
Southeast of the Temple of Hathor, on the bank of the river, is the Kiosk of Trajan, which during Egypt's age of Victorian explorers was a favorite subject of famous English artists. It dates from the Roman Imperial period and was left unfinished.
Atlantic Cape Community College celebrated the completion of its 2.2 megawatt solar photovoltaic project at the Cape May County Campus Oct. 10.
The project began in June at the college’s Mays Landing and Cape May County campuses. Marina Energy LLC, a subsidiary of South Jersey Industries, designed and constructed the project, which will generate up to 48 percent of Atlantic Cape’s total annual electric consumption.
The photovoltaic system includes carports in four parking lots on the two campuses.
Golden Gate Produce Terminal. 1962 to present. View of plant in South San Francisco nearing completion. The move to the privately financed Golden Gate Produce Terminal, west of Bayshore Highway, culminated a long and bitter fight over where the merchants were to relocate after their district in San Francisco was redeveloped.
Twenty-two dental hygiene students celebrated completion of the Employability Skills Academy with a presentation of certificates ceremony Wednesday, April 1 in the Student Center. Following the ceremony, the students were (mock) interviewed by several Sandburg staff and administrators. Congratulations to these participants and good luck in those job searches!
Completion date: April 2009
Producing Technique: Method of subtracting from model wax was utilized. After casting 9mm Semi precious stone was placed in the setting.
Materials: Oxidized Sterling Silver, Smoky Quartz, Citrine, Green Amethyst, Topaz (Baby Blue), Granat, Amethyst, Tourmaline.
Description: The main inspiration of this ring was obligation of living for each day of a week. In daily life, everyone has some reasons to live unwittingly. Shape of the frame indicates the life and frame in whole illustrates the obligation of our life. The stone point out reasons of each day.
Dimensions: Height: 33.06mm
Width: 26.40mm
Length: 5.50mm
Size: 16 (EU) / 7.75 (US)
On Sale: www.etsy.com/view_listing.php?listing_id=26930893
Kalp Kafes Yüzük
Bitiş Tarihi: Nisan 2009
Yapım Tekniği: Kalp Kafes kalıp mumundan parça çıkarma yöntemi ile yapılmıştır. Daha sonra 9mm çapında yarı değerli taşlar yuvasına yerleştirilmiştir.
Malzemeler: Oksitli Gümüş, Dumanlı Kuvars, Citrin,Yeşil Amatist, Topaz (Baby Blue), Granat, Amatist, Turmalin.
Açıklama: Bu yüzüğün ana teması, hayatımız da her hafta yapmak zorunda olduğumuz şeyler olmasına rağmen herkezin kendince bir yaşama sebebinin olmasıdır. Kalp kafes hayatımızda istemeden yapmak zorunda olduğumuz şeyleri, taş ise her günün güzelliğini gösterir.
Ölçüler: Yükseklik: 33.06mm
Genişlik: 26.40mm
Uzunluk: 5.50mm
Parmak Ölçüsü: 16 (EU) / 7.75 (US)
Giacomo della Porta and Domenico Fontana brought the dome to completion in 1590, the last year of the reign of Sixtus V. His successor, Gregory XIV, saw Fontana complete the lantern and had an inscription to the honour of Sixtus V placed around its inner opening. The next pope, Clement VIII, had the cross raised into place, an event which took all day, and was accompanied by the ringing of the bells of all the city's churches. In the arms of the cross are set two lead caskets, one containing a fragment of the True Cross and a relic of St. Andrew and the other containing medallions of the Holy Lamb.
In the mid 18th century, cracks appeared in the dome, so four iron chains were installed between the two shells to bind it, like the rings that keep a barrel from bursting. As many as ten chains have been installed at various times, the earliest possibly planned by Michelangelo himself as a precaution, as Brunelleschi did at Florence Cathedral.
Around the inside of the dome is written, in letters 2 metres (6.6 ft) high:
TV ES PETRVS ET SVPER HANC PETRAM AEDIFICABO ECCLESIAM MEAM. TIBI DABO CLAVES REGNI CAELORVM
(...you are Peter, and on this rock I will build my church. ... I will give you the keys of the kingdom of heaven... Vulgate, Matthew 16:18–19.)
Beneath the lantern is the inscription:
S. PETRI GLORIAE SIXTVS PP. V. A. M. D. XC. PONTIF. V.
(To the glory of St Peter; Sixtus V, pope, in the year 1590, the fifth of his pontificate.)
Completion of the north wall at the Seabrook Floodgate Complex and the east and west tie ins will defend against a storm surge event that has a 1 percent chance of occuring in any given year.
Further development of detail.
In addition to TypographyShop and my design practice I've had another life as a painter. I'd posted this series on my personal facebook page and thought I'd add it here as well.
FB album note:
I was honored to be awarded a commission from Greg Graffin, founder and lead singer of the seminal punk band Bad Religion as well as author of the upcoming Anarchy Evolution, coming this fall from Harper Collins, for which I also happened to design a number of book cover treatments as well, which I'll throw in the mix.
Greg and I met through a mutual friend, we both grew up in Racine, Wisconsin a few years apart. Not only had I spent a great deal of time hanging out in his neighborhood, but years later I painted the very schoolyard where Greg and his pals spent their days and nights.
My painting Gulf patrickking.org/gulf.htm reminded Greg of Bad Religion's album cover for Suffer and we began discussing me undertaking a commission of his father's home.
I thought I'd put this album together to document the progress.
An overall picture of the Tallwood building.
Photo: David Baillot/Jacobs School of Engineering/University of California San Diego
Story: bit.ly/Tallwood2023
24 апреля 2021, Водосвятный молебен после окончания работ по замене престола в Успенском соборе / 24 April 2021, Holy Water prayer service after the completion of the work on the replacement of the throne in the Assumption Cathedral
Newburgh, NY - Congressman Maurice Hinchey (D-NY) today congratulated six students upon their graduation from the Newburgh Youth Build, joining them to celebrate completion of a year long renovation project, which transformed a blighted building at 6 Federal Street in Newburgh into a three-unit transitional housing facility for low-income Habitat for Humanity families. Hinchey secured $210,000 in the fiscal year 2009 budget for the program designed to engage young people from 17 to 24 years of age in a GED completion program and impart skills needed to obtain future employment in the trades. Youth Build was a joint venture of Habitat Newburgh, Best Resources, and the Laborers’ Local #17.
"This shows what a community can do when it comes together," said Hinchey. "Today these six young people have acquired the skills and experience they need to find good jobs. Countless families will benefit from the new transitional housing units they helped to renovate, and it was all made possible through the hard work of Habitat for Humanity of Newburgh, Best Resources and the Laborers' Local #17. I was very pleased to secure federal funding for this project because the value to this community could not have been more clear. The community will benefit from this facility for years to come and the skills gained by these hard-working students will serve them well in their careers and lives. I'm so proud of everything we have accomplished."
Hinchey thanked the board and staff of Habitat for Humanity of Greater Newburgh for their dedication and strong leadership in implementing the project, directly recognizing President Maureen Crush, Executive Director Cathy Collins, and former Executive Director Deirdre Glenn.
All of the participants completed general classes provided by the Laborer's Local 17. These classes included: ladder safety, traffic control, scaffold building, fire safety, site maintenance, and construction math. In September, three of the participants went on to complete certificates in the following areas: NYS Asbestos Handler, EPA Renovator, General Construction, Scaffold User, Scaffold Builder, new OSHA Signal Person, Traffic Control, Forklift, Mason Tending, OSHA 10, Hilti, Landscape, and Welding.
GED classes were provided by Best Resources. Two participants passed their GEDs, one has taken his GED and is awaiting his results, and two are still working on their GED. One of the participants has enrolled in Orange County Community College starting in the spring.
Habitat for Humanity of Greater Newburgh builds homes and strengthens community in Newburgh. Habitat Newburgh is dedicated to providing decent, affordable housing in partnership with local, hard-working families in need. Reaching across religious, cultural, and racial boundaries, Habitat strives to restore a sense of community with the common goal of strong neighborhoods and dignity through homeownership. To date, Habitat Newburgh has built 43 safe, decent and affordable houses in one of the most distressed urban areas in the United States. Over 225 children and adults now call these houses home, and the homes in the City of Newburgh’s assessed property values have increased by over $8.3 million.
On February 28, Maurice congratulated six students upon their graduation from the Newburgh Youth Build, joining them to celebrate completion of a year long renovation project, which transformed a blighted building at 6 Federal Street in Newburgh into a three-unit transitional housing facility for low-income Habitat for Humanity families. Hinchey secured $210,000 in the fiscal year 2009 budget for the program designed to engage young people from 17 to 24 years of age in a GED completion program and impart skills needed to obtain future employment in the trades. Youth Build was a joint venture of Habitat Newburgh, Best Resources, and the Laborers’ Local #17. Volunteers from Mount Saint Mary's College were also on hand for the event.