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Coral Beach

Local Business

"Coral Beach Club’s future ‘looking better’, says chairman"

Membership in Coral Beach Club is “safer” and its future is “looking better” after KPMG was appointed as receivers. This from George Wardman, landlord and chairman of the Board of Governors. He told members in a letter on Monday: “You will have recei...
Feb 27, 2013
Local Business

"KPMG appointed joint receivers to Coral Beach Club"

KPMG Advisory said today it has been named Joint Receivers to the Coral Beach & Tennis Club and Horizons. Together with the mortgage holder, Swedbank AB New York Branch (Swedbank), and their agents, the Joint Receivers are currently taking steps to f...
Feb 22, 2013
Local Business

"Swedbank, Coral Beach hearing is called off"

A Supreme Court hearing expected to put Coral Beach Club in receivership by mortgagee Swedbank was postponed yesterday. Swedbank AB New York Branch versus Brickman Properties was due to be heard in Commercial Court at 11am, but it is understood it wa...
Feb 15, 2013
Local Business

"Coral Beach members’ bid for club hits major snag"

As Coral Beach Club moves closer to being placed in receivership by mortgagee Swedbank, members’ bid to buy it has hit major hurdles. It is understood one of the stumbling blocks is that Swedbank will only sell the two leases for CBC and the Horizons...
Feb 04, 2013
Local Business

"Three groups in talks to buy Coral Beach"

A group of concerned members is among three potential buyers now in talks to purchase Coral Beach Club from its current leaseholder Brickman properties. And the resort is expected to stay open after the end of the month, the group stated in a press r...
Nov 17, 2012
Local Business

"Coral Beach’s future hangs in the balance"

Up to 60 jobs are on the line as Coral Beach Club faces an increasingly uncertain future after members turned down a plan by the operator to sell them the resort’s facilities for $28 million. There are concerns the exclusive beach and tennis club cou...
Oct 19, 2012
Other

"Coral Beach’s future hangs in the balance"

Coral Beach could close at the end of this year if its plan to sell the facilities to the members for some $28 million fails. It’s understood most members of the exclusive club have balked at paying $35,000 to its US operator Brickman Associates as p...
Apr 04, 2012
Tourism

"Letter reveals plan to sell Coral Beach Club to members"

Plans to sell the Coral Beach Club to its members were revealed in a letter yesterday from the New York developer that holds a longterm lease on the South Shore property. Brickman Associates earlier this year scrapped much-heralded plans to redevelop...
Dec 02, 2011
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