Word: resorters
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Both Harvard and the union said they were prepared to continue negotiations indefinitely and would only go to mediation as a last resort...
...Japanese companies always prefer to sell to other Japanese companies," says Dean Yoost, CEO of a PricewaterhouseCoopers division in Tokyo that advises on mergers and acquisitions. The foreigner is the buyer of last resort. That means the price is often right: Ripplewood paid $130 million for Seagaia (with a commitment to invest $100 million)--a total that is only 8% of the $3 billion it cost to build the resort, which opened in 1994. But Ripplewood faces a turnaround task that is the corporate equivalent of raising the dead...
Collins turned Ripplewood's renamed Phoenix Seagaia Resort over to his fly-fishing buddy Michael Glennie, who had run the Boca Raton Resort and Club and the Waldorf Astoria in New York City, but who concedes that "this is a different challenge." Seagaia boasts five golf courses, four hotels and a convention center on six miles of Pacific coastline. It offers bowling, tennis and riding. It also has a water park called the Ocean Dome that costs $5 million a year to operate and includes simulated waves lapping at a beach made of imported crushed marble...
Glennie has hired Starwood Resorts to manage the hotels as Sheratons and revamped pricing for the resort's services. But on a recent weekday, only a couple of dozen vacationers could be seen in the Ocean Dome. What are Glennie's plans for it? He scratches his head: "Still working on that...
...escape, not for a hill-tribe adventure. "Most of our guests are happy to enjoy the cherry blossoms and the fresh air, walk in the hills and eat some good Chinese food," says Lui Pao-hong, with an American twang. Lui runs the Mae Salong Resort, a smattering of no-frills bungalows tucked between towering pines, and he sports the perpetual smile of those who have found their calling. For reservations call...