Tom Morrow
06-08-2007, 12:46 PM
Queen Mary resort in the works
Queen Mary resort in the works (http://www.presstelegram.com/news/ci_6089511)
Developers plan ship refurbishing,
tourist site similar to Universal City Walk
Press-Telegram - Long Beach, CA
A development team looking to refurbish the Queen Mary and create a theme resort on the surrounding 45 acres is one of the two top choices to be the next lease holder, the Press-Telegram has learned. Led by Orange County developer Jeffrey S. Klein, the team consists of a number of real estate's heavy-hitters - including PBR, the primary developer for Disneyland Paris. The team also includes Hix Rubenstein, a company that specializes in high-end golf course resorts and marinas, and the powerful The Carlyle Group, an investment firm based in Washington, D.C.
No development team has been chosen for the Queen Mary site, and plans are preliminary at best, but Klein confirmed Thursday that his group - which now calls itself Save The Queen LLC - has been working with the city to help resolve a bankruptcy case involving the ship's current lease holder.
Klein said his team envisioned the project as a theme resort with hotels, a marina and a bay club, in addition to a mixed-used development he likened to Universal Studios City Walk. Also, he said, developers are prepared to refurbish the art deco ship to the tune of some $22 million - with $5 million provided immediately - and build the infrastructure needed to make the site more easily accessible to downtown Long Beach.
"We feel very strongly that we are the group that is very long-term oriented," Klein said, "and our approach would be something that would be first-class down there."
complete article (http://www.presstelegram.com/news/ci_6089511)
</p>
Queen Mary resort in the works (http://www.presstelegram.com/news/ci_6089511)
Developers plan ship refurbishing,
tourist site similar to Universal City Walk
Press-Telegram - Long Beach, CA
A development team looking to refurbish the Queen Mary and create a theme resort on the surrounding 45 acres is one of the two top choices to be the next lease holder, the Press-Telegram has learned. Led by Orange County developer Jeffrey S. Klein, the team consists of a number of real estate's heavy-hitters - including PBR, the primary developer for Disneyland Paris. The team also includes Hix Rubenstein, a company that specializes in high-end golf course resorts and marinas, and the powerful The Carlyle Group, an investment firm based in Washington, D.C.
No development team has been chosen for the Queen Mary site, and plans are preliminary at best, but Klein confirmed Thursday that his group - which now calls itself Save The Queen LLC - has been working with the city to help resolve a bankruptcy case involving the ship's current lease holder.
Klein said his team envisioned the project as a theme resort with hotels, a marina and a bay club, in addition to a mixed-used development he likened to Universal Studios City Walk. Also, he said, developers are prepared to refurbish the art deco ship to the tune of some $22 million - with $5 million provided immediately - and build the infrastructure needed to make the site more easily accessible to downtown Long Beach.
"We feel very strongly that we are the group that is very long-term oriented," Klein said, "and our approach would be something that would be first-class down there."
complete article (http://www.presstelegram.com/news/ci_6089511)
</p>