clear
Tuesday June 30th, 2015 6:07AM

MetLife purchases Reynolds golf resort

By The Associated Press
ATLANTA - MetLife executives say the company has completed its purchase of the upscale Reynolds Plantation golf resort on Lake Oconee, which has struggled for months with its finances.

MetLife said in a statement Thursday that the deal includes The Ritz-Carlton Lodge, six championship golf courses, four full-service marinas and nearly 5,000 acres of undeveloped golf and waterfront property about 80 miles east of Atlanta.

A bank-appointed receiver was hired last year to operate the clubs and market the community and undeveloped land.

The New York-based insurance and financial services firm did not disclose financial details of the deal. MetLife says it has a real estate portfolio of more than $60 billion, which is one of the largest in the U.S.

The company said Birmingham, Ala.-based Daniel Corp. will oversee Reynolds Plantation.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Fiscal cliff may determine gas prices at start of 2013
Retail gas prices climb as 2012 comes to end. While gas prices are likely to rise into next year, whether or not a deal is made to avoid the fiscal cliff will determine if prices continue on an upward trend.
6:18AM ( 2 years ago )
Business News
Couch names administrative team
Ahead of his scheduled swearing in Friday, Hall County Sheriff-elect Gerald Couch named his top administrative team Monday.
6:28PM ( 2 years ago )
Tech beats Southern California in Sun Bowl
Tevin Washington threw a touchdown pass and ran for another score to help Georgia Tech beat Southern California 21-7 on Monday in the Sun Bowl.
5:54PM ( 2 years ago )
Hall Co. officials launch health-based initiative for employees
Hall County officials believe healthy county employees will be of greater service to the county. With that in mind, they have created a health-based fitness initiative to provide free fitness training for county workers.
5:46PM ( 2 years ago )
Local/State News
Popular elsewhere, high-speed rail remains elusive in the US
Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide but not in the U.S.
11:51AM ( 2 days ago )
Survey: Consumer sentiment up to highest level since January
WASHINGTON (AP) — Consumer sentiment rose this month to the highest level since January, suggesting that spending will strengthen this year.The University of Michigan says its consumer sentiment index...
3:09PM ( 3 days ago )
NYC bill would require some bathrooms to be gender-neutral
NEW YORK (AP) — Aiming to curb gender bias and harassment in New York City, officials are readying a plan that would require businesses to convert some restrooms to gender-neutral facilities.Legislati...
2:28PM ( 3 days ago )
Ga. back to school tax holidays set for July 31-Aug. 1
If you can put off your back to school shopping until then, you can save the Georgia sales tax on many of your purchases July 31 and August 1.
By AccessWDUN staff
2:04PM ( 3 days ago )
Milliken and Co. to hire 60 temporary workers at New Holland
Milliken and Company Friday announced plans to hire 60 temporary employees at its textile plant in the New Holland community in Hall County.
1:32PM ( 3 days ago )