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Utah-based owners of South Carolina resort file for bankruptcy
The Utah-based owners of a resort on Daufuskie Island in South Carolina are seeking bankruptcy protection.
The Post and Courier of Charleston reported that four companies affiliated with a Utah business that owns the remote Beaufort County property filed for bankruptcy Tuesday night in Columbia.
The property includes an inn, beach cottages, a golf course and a ferry landing.
The Pelorus Group of Salt Lake City acquired parts of the Daufuskie resort near Hilton Head Island in 2011.
Court filings show lenders are owed nearly $35 million.
The principal owner is James Bramlette, who announced plans last year to redevelop the 680-acre site. Bramlette founded The Pelorus Group in 2004, according to the company's website.
The primary creditor, mortgage lender Lex Van Hessen Holding BV, is owed $27.5 million.
U.'s Lassonde Studios listed as one of 9 best university buildings
Architectural Digest liked what it saw in the University of Utah's Lassonde Studios, a $45 million building housing the David Eccles School of Business's Lassonde Entrepreneur Institute.
The trade publication deemed the Lassonde Studios, which opened last August, one of the nine best new university buildings around the world. The publication recognized buildings in the United States, Norway and China.
"Just as education around the world continues to evolve and innovate, so do the campuses that house the brightest future artists, scholars and financiers," Architectural Digest said. "These new structures make the grade for state-of-the-art technology, adherence to historic detailing and architecturally significant design."
Developed by Yazdani Studio of Cannon Design in association with EDA Architects, the building houses 400 residents about a 20,000-square-foot first-floor innovation space open to all students.
Historic Park City hotel reopens as Imperial House
An historic hotel from Park City's mining era a century ago has reopened as Imperial House, offering "top-tier accommodations and private event space." At 221 Main St., it is at the top of old Park City's main thoroughfare.
The building opened in 1904 as a boarding house for silver miners. It served as an emergency hospital during the Spanish Flu epidemic of 1918, survived a 1940 fire and was condemned in 1970.
Brought back as a hotel in 1975, it has gone through several changes, most recently serving as a private resident before becoming part of the Riverhorse Hospitality group.
Imperial House will provide "comforts of home with all the conveniences and personal touches of a hotel," including a gourmet market and concierge service, said co-owner/chef Seth Adams.
Fortune 500 company Emcor Group acquires Utah's CCI Mechanical
Salt Lake City-based CCI Mechanical has been acquired by Emcor Group., a Fortune 500 company in mechanical and electrical construction, industrial/energy infrastructure and building services.
Terms were not disclosed.
CCI Mechanical President Davis Mulholland said his company's "strong track record and reputation of performance and client service is a perfect match with Emcor's culture." Founded in 1961 under the name of Climate Control, Inc., CCI Mechanical was a subsidiary of Redwood Industries, Inc.
Emcor said it had revenues of $7.5 billion in 2017.