Bethany Beach's Sea Colony under new ownership

Article Abstract:

Sea Colony, a Bethany Beach resort complex owned by Carl M. Freeman Associates of Potomac, MD, has been purchased by ResortQuest International, a Memphis, TN-based firm that was formed through the purchase of 12 vacation rental and property management companies. Although terms of the deal were not revealed, Joshua M. Freeman, president of Carl M. Freeman Associates, will become a member of ResortQuest's board of directors and its executive committee. ResortQuest is headed by former Promus Hotel Corp. executive vice president and chief operating officer David C. Sullivan.

Comment:

Has purchased Sea Colony, a beach resort complex in Delaware, but terms were not revealed

Asset sales & divestitures, Acquisitions & mergers, All Other Amusement and Recreation Industries, Tennessee, Misc Outdoor Recreation, Outdoor recreation, ResortQuest International Inc., Sea Colony Inc.

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Barnes & Noble takes on Borders

Article Abstract:

Barnes & Nobles Booksellers, based in Westbury, CT, will open a 30,000-sq-ft store at the commercial strip of US 202 in Brandywine Hundred, MS, making another offensive against Borders Books & Music, which has a store around a mile away from Barnes & Nobles' store. The new store, which will have 60 employees, will be located adjacent to the Concord Mall, giving it access to shoppers who are from Pennsylvania and are looking for a better deal in Delaware. In addition, the store would also target shoppers of Borders in New Castle County.

Comment:

Will open 30,000-sq-ft store at commercial strip of US 202 in Brandywine Hundred, MS, making another offensive against Borders

Book Stores, Bookstores, Barnes & Noble Inc.

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Shops feel heat from Home Depot

Article Abstract:

Home Depot's planned entry into the Glasgow, DE, market is expected to produce adverse effects towards smaller hardware operators. Small family stores may be driven out of business due to the enormous size and merchandise volume of Home Depot, according to analysts. Industry observers point out that national chains such as Home Depot, can monopolize the market because they can easily lower their prices to stifle competition. Home Depot plans to start construction of the proposed store by the later part of May 1998.

Comment:

Its planned entry into Glasgow, DE, market to produce adverse effects towards smaller hardware operators

Building Materials, Retail, Building Material and Supplies Dealers, The Home Depot Inc.

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