Financially burdened Sea Island Resorts is hiring an investment bank to review its "strategic options," the Atlanta Business Chronicle is reporting.Presumably those options include a sale of the Georgia-based luxury resort, which spent more than $500 million on a renovation only to see the economy crumble. The article doesn't name the investment bank.
The resort said the announcement will not affect the Cloister or the Sea Island Lodge or its golf courses, which remain open. The Atlanta Business Chronice article, linked above, has a lot of good background on the resort's difficult finances.
-- P.F.
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