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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.
from Black & White fanzine, issue #2 (1980)
stillunusual.tumblr.com/post/82201749401/black-and-white-...
The #cash #flow #statement #preparation involves similar steps to finalize such a #statement. You may found slightly different features, however; the structure and main parts are uniforms across the globe. Let us provide you with some basic information about the three necessary parts of any such #statement
"Mission Statement for a (Photo) Project: Having a child is hard. Not only in the pure, physical responsibility, but also psychologically. Axioms and basic truths premised upon experience are upended in an instant. All of life is reopened for questioning, for re-exploration, and its suddenness is breathtaking in its brutality.
And as you are breaking down and rebuilding, so the familiar around you mutates into something new. What was large is now small, closed, constricted. And what was open and free is now daunting and threatening and filled with danger and potential menace at worst, inconvenience at best.
This is not about claustrophobia or agoraphobia per-se. This is rather concerned with the fluidity of my own interpretation of familiar spaces - of my life - when assaulted from outside by this new permanent resident within it."
I began this abandoned project following the birth of my daughter in 2011. The above was my mission statement to come to terms with what, at the time, was so overwhelming. I rediscovered it today following a visit to The Photographers' Gallery's exhibition "Home Truths" concerning women's sense of identity following birth. I was trying to do the same thing from a father's perspective...
#Cash #flow #statement #preparation is an integral and important part of financial management. There is an alternate name for such #statement as well, and that is, #statement of cash flows.
gecko by ruby acorn
porcelain gecko charms - round rabbit
lampwork boro glass beads - silverfish designs
lampwork glass teardrops - unicorne beads
antique copper ear wires from miss fickle media, etched copper wavy discs, glass seed beads, matte black jump rings
Masculinity and femininity can be considered as the primary elements that formed the world. Most philosophies have the idea of masculinity and femininity to explain the phenomena around the world. For example, in Taoism, the world is built based on the interaction between Yin (femininity) and Yang (masculinity). The balance of masculinity and femininity results in the harmony of the nature. As a subject of understanding the world through visual experience, there is no doubt that photography should involve in the interpretation of masculinity and femininity.
The understanding and presentation of masculinity and femininity varies from people to people. For example, some photographer prefers to show the notion of masculinity and femininity through presenting gender roles, such as Cindy Sherman. Others, such as Raymond Gehman, might prefer to add more interpretation on the idea of masculinity and femininity which is not limited on gender. I, personally, do not limit the understanding of masculinity and femininity just on gender. There are more interpretations of these concepts beyond gender basics. Masculinity conveys feelings of strength and calmness. Femininity conveys feelings of warmness and beauty. Color plays an important role in classifying masculinity and femininity as far as I am concerned. Warm temperature colors always have more feminine elements to the photographs than the cool temperature colors. Although the objects themselves can speak about characteristics of masculinity and femininity to the audience, the color choices of the photos also add more to the picture. For example, over the ten photos I shot for masculinity and femininity, there are conventional objects for the topic such as the nail polish and cigarettes. The make-ups and cigarettes are traditional representation of different genders. It is easy for audience to identify the characteristics of masculinity and femininity within the photos. However, there are also pictures that I chose to make a difference based on using different colors. For instance, there is one photo I shot about a pair of female shoes; however I decided to use a cool temperature color as the primary color for the photo which adds more coldness to the picture, and I, personally, believe that there is more masculinity going on in the picture.
As the primary elements in the universe, every object is made of the combination of masculinity and femininity. Gender is not the only way to identify these two concepts. By interpreting the emotions and feelings behind these two terms, photographer can give more meanings to their photos and create different ways to view the world.
Sash (obi), 1932-5.
This obi features planes flying over China. The Great Wall is clearly visible, together with the names of various cities. This is a reference to the Japanese military conquest of the East Asian mainland. It was men who usually wore propaganda textiles, but this obi reveals that women too could embrace the nationalistic spirit through their clothing.
Under-kimono for a young man (juban), 1932-45
In the 1930s, when Japan invaded Manchuria and China, some men's kimono designs became more nationalistic. Cars and trains were replaced with tanks, and aeroplanes and yachts with fighter jets and battleships. The imagery was confined to under-kimono and jacket linings, but this did not reflect a lack of patriotic fervour. In many ways it meant an alignment with the nation's goals on an intimate level
[V&A]
Kimono: Kyoto to Catwalk
(February to October 2020)
This exhibition will present the kimono as a dynamic and constantly evolving icon of fashion, revealing the sartorial, aesthetic and social significance of the garment from the 1660s to the present day, both in Japan and the rest of the world.
The ultimate symbol of Japan, the kimono is often perceived as traditional, timeless and unchanging. Kimono: Kyoto to Catwalk, the UK's first major exhibition on kimono, counters this conception, presenting the garment as a dynamic and constantly evolving icon of fashion.
[V&A]
Many organizations publish mission statements. It's an attempt to articulate a reason for being. A mission statement helps each and every team member to stay on task. It helps to prevent efforts from getting so diversified that the organization's purpose is forgotten.
As part of my training, I was taught to create a personal mission statement. I've never posted it anywhere, or committed it to memory, so I cannot type it here. Perhaps I should find it, after all these years, and see if I still identify with it.
I do recall that part of the process of creating the statement involved attention to the verbs. This school's mission has only one verb: prepare! They exist to prepare.
If you were to prepare a personal mission statement -- what you're all about, what verbs would you use?
(for English scroll down)
Der Freundeskreis Willy-Brandt-Haus e.V., Gruner+Jahr und die Magazine Stern und Geo präsentieren die Fotoausstellung.
Ein deutliches Statement gegen die Verfolgung von Homosexuellen in Russland ist zum weltweit besten Pressefoto des Jahres gewählt worden. Die Jury des Wettbewerbs World Press Photo zeichnete den dänischen Fotografen Mads Nissen mit dem renommierten Preis aus. Er fotografierte das schwule Paar Jon und Alex in einem intimen Moment in Sankt Petersburg. Das Foto ist Teil eines größeren Projekts des Fotografen zum Thema "Homophobie in Russland".
Das Foto nehme auf eindrückliche Weise Stellung zu einem universalen Thema, begründete die Jury ihre Wahl. Für Homosexuelle, Lesben, Bisexuelle und Transgender werde das Leben in Russland zunehmend schwieriger. "Sexuelle Minderheiten werden mit rechtlicher und sozialer Diskriminierung konfrontiert, Verfolgung und sogar gewalttätigen Hass-Verbrechen von konservativen religiösen und nationalistischen Gruppen", heißt es in dem Bericht der Jury.
"Dieses Foto hat eine große ästhetische Kraft und zeigt Menschlichkeit", sagte die Vorsitzende der Jury Michele McNally, Direktorin für Fotografie der New York Times. „Gewalttätige Bilder werden heute von Terroristen für Propagandazwecke produziert. Unsere Antwort darauf muss subtiler ausfallen“ sagt das Jurymitglied Alessia Glaviano.
Die Jury wählte aus rund 98.000 Fotos aus 131 Ländern die Sieger aus. Preise wurden in acht Kategorien an 42 Fotografen vergeben. Die Siegerfotos werden in einer Ausstellung ab April in Amsterdam und anschließend in über 40 Ländern gezeigt. Vom 5. bis zum 28. Juni werden sie im Willy-Brandt-Haus in Berlin ausgestellt.
Willy-Brandt-Haus, Berlin - 04. Juni 2015
Redner:
Gisela Kayser
Geschäftsführerin Freundeskreis Willy-Brandt-Haus
Monique van Daalen
Botschafterin des Königreichs der Niederlande
Ansgar Dittmar
Vorsitzender der AG Lesben und Schwule der SPD
Georg Fahrenschon
Präsident Deutscher Sparkassen- und Giroverband
Anaïs Conijn
Repräsentantin World Press Photo Foundation
Peter-Matthias Gaede
Journalistischer Berater der G+J-Geschäftsführung, Jury-Mitglied
Im Anschluss Empfang mit DJ Yuriy Gurzhy (Russendisko / RotFront, Berlin)
____________________________________________________
GRAND OPENING World Press Photo, Willy-Brandt-Haus, Berlin 2015
The Freundeskreis Willy-Brandt-Haus e.V., Gruner+Jahr and the magazines Stern and Geo present the photo exhibition.
A clear statement against the persecution of homosexuals in Russia has been voted the world's best press photo of the year. The jury of the World Press Photo competition awarded the prestigious prize to Danish photographer Mads Nissen. He photographed the gay couple Jon and Alex in an intimate moment in Saint Petersburg. The photo is part of a larger project by the photographer on the subject of “Homophobia in Russia”.
The jury justified its choice by stating that the photo impressively addresses a universal topic. Life in Russia is becoming increasingly difficult for homosexuals, lesbians, bisexuals and transgender people. “Sexual minorities face legal and social discrimination, persecution and even violent hate crimes from conservative religious and nationalist groups,” the jury's report states.
“This photograph has great aesthetic power and shows humanity,” said jury chair Michele McNally, director of photography at The New York Times. “Violent images today are produced by terrorists for propaganda purposes. Our response to this must be more subtle,” said jury member Alessia Glaviano.
The jury selected the winners from around 98,000 photos from 131 countries. Prizes were awarded to 42 photographers in eight categories. The winning photos will be shown in an exhibition in Amsterdam from April and then in over 40 countries. They will be exhibited at the Willy Brandt House in Berlin from June 5 to 28.
Willy-Brandt-Haus, Berlin - June 04, 2015
Speaker:
Gisela Kayser
Managing Director Freundeskreis Willy-Brandt-Haus
Monique van Daalen
Ambassador of the Kingdom of the Netherlands
Ansgar Dittmar
Chairman of the Lesbian and Gay Working Group of the SPD
Georg Fahrenschon
President of the German Savings Banks and Giro Association
Anaïs Conijn
Representative World Press Photo Foundation
Peter-Matthias Gaede
Journalistic advisor to the G+J management, jury member
Followed by a reception with DJ Yuriy Gurzhy (Russendisko / RotFront, Berlin)
This is my Artist's Statement. I wrote it to go with my portfolio. I am not submitting it to colleges to be reviewed by art professors, but rather as an option for admissions to see some of my work.
Annual Council delegates read the statement read the statement on church policy, procedures, and resolution of disagreements in the light of recent union actions on ministerial ordination, Tuesday, October 16. [photo: Ansel Oliver]
by bpNichol.
nothing is known of this & the copy i have is perhaps only fragments: this unpunctured front cover printed 2 colours & 2 sheets staple-punctured top left, both printed purple, all print by spirit duplicator ("Ditto"). the 3 poems included on those 2 sheets are Fragment, Prologue: 1335 Comox Avenue & Blues on Green, suggesting it's a very early classroom handout, somewhen probably in 1967. cover unID'd & unknown & almost certainly not by bp.
Sound & Vision - The Bristol Show 2015
NAC S1 preamplifier and NAP S1 mono power amplifiers, with Focal Stella Utopia loudspeakers.
Each mono power amplifier uses a huge 4000VA transformer to power speakers with precisely 746W (into 8 ohms).
Delegates read the statement on church policy, procedures, and resolution of disagreements in the light of recent union actions on ministerial ordination, Tuesday, October 16. [photo: Ansel Oliver]
Let us tell you some #important #facts about this kind of financial report, and we believe you are going to change your mind and #attitude toward it!