Investors to Buy Balboa Bay Club
The deal includes Newport, Calif.’s storied beach club, hotel and the Newport Beach Country Club. The terms were not disclosed.
The deal includes Newport, Calif.’s storied beach club, hotel and the Newport Beach Country Club. The terms were not disclosed.
International Bay Clubs Inc. (IBC), which owned the two properties, was sold to Delaware-based Seven-One Capital-Business Inc.
Clubs and resorts are giving Mom and Grandma a run for their money as the new favorite spots for memorable holiday meals.
Spending on corporate holiday parties rose an average of 16% last year, with one out of three companies budgeting more for their employee extravaganzas than in previous years, according to a 2006 survey of human resources executives conducted by executive outplacement firm Challenger, Gray & Christmas, Inc. Most of those extra dollars were earmarked for alcohol and off-site party venues, [...]