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Downtown hotel flies Clarion flag

By Dave Dreeszen - Sioux City Journal
August 11, 2005

The Plaza name checked out Wednesday as the Clarion flag began flying over a downtown Sioux City hotel.
 
The 12-story hotel at 707 Fourth St. officially became part of the national Clarion chain Wednesday.  Clarion is the top-of-the-line brand for Choice hotels, which markets more than 5,000 properties in 40 countries under flags that also include Comfort Inn, Econo Lodge, Quality Inn and Rodeway Inn.
 
Workers hoisted temporary Clarion banners on the side of the former Plaza.  Permanent exterior signs are expected to arrive in mid-September, said David Golida, director of sales for the hotel.  On Oct. 1, the Sioux City hotel is set to gain access to Choice Hotel's reservation system.

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Gem Holds Luster Despite Job Losses


Tower Investments, which last year bought Riverwood Campus from Kodak, believes the Rochester, N.Y. region is an underpriced market and hopes to attract companies seeking an area with a lower cost of
By Maura Webber Sadovi-Wall Street Journal
August 10, 2005

Compared with other midsize industrial cities in the Northeast, Rochester, N.Y., looked like a jewel. New York's third-largest city by population could boast the headquarters of Eastman Kodak Co., which gave a boost to the overall manufacturing sector, plus it had a healthy telecommunications industry and a growing health-care sector.
 
Rochester, which sits next to Lake Ontario, has started to look more like such struggling neighbors as Cleveland, Buffalo and Syracuse. The Rochester region took hits from the nation's manufacturing shakeout, the rout of the telecommunications industry and a shrinking Kodak, which by some measures has lost the title of the area's biggest employer to the University of Rochester.

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Clarion flag will fly over Plaza Hotel

By Lynn Zerschling-Sioux City Journal
May 21, 2005

The unveiling of the Clarion Hotel flag, under which the former Plaza Hotel and Convention Conference Center will operate, marks a new day for downtown Sioux City, officials declared Friday.

"It's been a long time in coming," Lucy Rowley, a housekeeping employee who has worked at the hotel since 1976, said. "It's appreciated."

Paul Curley, the hotel's general manager, unveiled the $2.8 million in renovation plans and predicted the renovation would be completed by October. He made the announcement in the hotel's 12th floor ballroom surrounded by employees, city officials and business people.

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Calif. company pushes Henrietta site for casino

By Joseph Spector-Rochester Democrat and Chronicle
April 30, 2005

A California company continues to roll the dice on a plan to build a massive casino and resort at the former Eastman Kodak Co. Riverwood campus in Henrietta.  This week, the company gave a tour to the Seneca Indian Nation, which owns casinos in Niagara Falls and Salamanca, Cattaraugus County.

Tower Investments bought the land for $3.5 million in December and is exploring options for the huge office buildings and park-like land along the Genesee River. But its top option is clear: a casino with a hotel, conference center, golf course and a host of other amenities.

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A HOSPITAL IS RESUSCITATED

By Elmer Ploetz-The Buffalo News
April 12, 2005

Just 2 1/2 years ago, the doors were ready to close on Cuba Memorial Hospital.
 
The hospital on the hill overlooking the Allegany County village of 1,600 had a stairwell going to nowhere because it had spent its borrowed construction money to pay its regular bills. The beds in its acute-care unit were only half-full, and the accountants figured the hospital had enough money left to operate for 10 days.
 
"We were so close to going away," said Andrew Boser, the hospital's chief executive officer. But the hospital defied an almost inexorable trend over the past several decades that has seen hospitals close in places such as Batavia, Salamanca, Albion, Jamestown and Olean. Unlike many hospitals serving rural areas and small cities, Cuba Memorial survived.

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Plaza under new ownership


Tower Investments LLC acquired the Plaza Hotel in Sioux City last year (Staff photo by Jim Lee)
By Dave Dreeszen-Sioux City Journal
March 6, 2005

The Plaza Hotel has a new owner and a new outlook on life.
 
Tower Investments, LLC, a Woodland, Calif.-based real estate investment firm, acquired the downtown Sioux City hotel late last year from Criimie Mae, a Maryland-based lending institution.  Tower emerged with the 12-story hotel after making a winning bid in a nationwide auction that closed in December.
 
Tower, which added its first hotel in an inventory of over 100 investment properties nationwide, appointed GF Management of Moorestown, N.J., to manage the day-to-day operations and spearhead a major restoration of the hotel, which had fallen on hard times in recent years.  GF Management is a division of GF Hotels, which previously managed the Plaza. Paul Curley stayed on as the Plaza's general manager.

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TOWER INVESTMENTS PURCHASES TWO HISTORIC BUILDINGS IN DOWNTOWN LITTLE ROCK


Boyle Building
By Press Release
February 25, 2005

Tower Investments, LLC has purchased two historic buildings in downtown Little Rock. The YMCA building purchased from the City is a downtown landmark. The Boyle building, located on the corner of Main and 5th Street, is a 12-story historic building that has been a symbol of Little Rock's beautiful skyline. Built in 1909, the Boyle building will become a cornerstone of Downtown Little Rock's Re-development Project.


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Further carrots offered TVHD to place new hospital in Capital Hills

By Eric W. Jepson-Tehachapi News
February 9, 2005

A special board meeting of the Tehachapi Valley Healthcare District was held Feb. 2 to receive updated cost comparisons between building the new hospital at the Steuber Road or Broome Ranch Sites.
 
Tower Investments, who owns property in Capital Hills adjacent to the Broome Ranch site, has offered to donate $100,000 to TVHD at the new hospital's ribbon-cutting ceremony-if that ceremony is held at a sparkling new facility across the freeway and adjacent to their property.

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Kodak sells local property

By David Tyler-Rochester Democrat and Chronicle
December 9, 2004

California firm buys 150 acres in Henrietta
 
Eastman Kodak Co. has sold its Riverwood campus in Henrietta to a California real estate firm.
 
The sale price includes the 381,000-square foot building and about 150 acres, said Kodak spokesman James Blamphin.  The transaction closed Friday.
 
Officials for the buyer, Tower Investments of Woodland Calif., did not return calls for comment.

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Plaza Hotel will turn into a Clarion

By Dave Dreeszen-Sioux City Journal
December 2, 2004

A Woodland, Calif.-based real estate investment firm that acquired the Plaza Hotel last week wants to turn the downtown Sioux City property into a Clarion, a high-end national chain, the Plaza's general manager said Thursday.
 
Paul Curley said Tower Investments, LLC, the Plaza's new owner, is talking with Choice Hotels about a Clarion Flag.  Choice Hotels owns a number of lodging franchises, including Comfort Inn, EconoLodge and Rodeway Inn, but Clarion is the firm's "top-of-the-line, full-service" brand.
 
Curley said Tower Investments also intends to extensively renovate the 12-story hotel, which has fallen on hard times in recent years.  Last week, Criimie Mae, the Maryland-based lending institution that wound up with the hotel a few years back after the previous owner could no longer make its mortgage payments, accepted Tower Investments' offer.  The sale closed Wednesday.

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