I've been out of town and haven't seen anything about the old Holiday Inn in Sheffield becoming something called Emerald River hotel. Can anybody fill me in on who bought it and what we can expect?
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Don't feel bad.. I've been IN town and still haven't heard anything about it. lol
I heard today that it was bought out by someone from India. An employee's relative said they didn't know what to expect yet. Surely there will be more information forthcoming soon?
If the family is investing solely for green card purposes, the hotel usually goes downhill. If for investment, the property usually improves.
Not that I know anything about the "new" hotel, but I used to bartend at Syds. 
I don't doubt that as there is a bunch of money coming in from India to purchase motels and convenience stores. As for what happened, as I understand it, they were supposed to have an auction at which lowest bidder would prevail and purchase the property but when they found out that there was only around six people there they switched to closed bids, from an auction format where people would bid against each other. Guess they saw their potential building going for a whole lot less. I wonder what the actual high bidder paid for it?
......hehe, It's been many years ago, but I bet I remember you!quote:Originally posted by big_black_cat:
Not that I know anything about the "new" hotel, but I used to bartend at Syds.
I hope whoever bought it got it cheap. There are so many new hotels in the Shoals now I'm not sure how they will survive.
The days of the full service Holiday Inns are numbered. Isn't that a little sad? Oh well.
The days of the full service Holiday Inns are numbered. Isn't that a little sad? Oh well.
Indian people buy hotels and gas stations and run them into the ground.
quote:Indian people buy hotels and gas stations and run them into the ground.
Sorry, but that's just stupid and racist. I'm not surprised coming from you.
quote:Indian people buy hotels and gas stations and run them into the ground
there are no words to convey the disgust I have for this statement. Surely you didn't mean that.....
You gut don't get out much.
Au contraire, mon frere.
We probably get out enough to have a broader scope of the world, not a small town racist view.
No offense, but it was a very small minded comment you made. Back it up- own it, or just retract and move on.
We probably get out enough to have a broader scope of the world, not a small town racist view.
No offense, but it was a very small minded comment you made. Back it up- own it, or just retract and move on.