Sports - The Post Chronicle (Free subscription) | 2 hours ago
Lessons learned from the bitterest disappointment of his career at this year's British Open helped Lee Westwood win his second European Tour order of merit title....
Enclave (Free subscription) | 11/30/2009
... to the City of Nashville for free .... Phil Goldfarb, president and chief executive officer of Turnberry Hospitality Management, is the latest leaseholder at Nashville Union Station. It took $12 million and two years, from 2006-08, to painstakingly restore the station, converting it to a Wyndham property. The urgency for projects like this, Goldfarb said, "starts at the grassroots level."...
Independent.ie - European RSS Feed (Free subscription) | 11/29/2009
... boom years to meet its obligations.Dubai World's own investments range from Scotland's historic Turnberry to Nakheel, the developer behind Dubai's luxurious Palm manmade islands. Other assets swept up by Dubai's network of sovereign wealth and investment firms include the QE2 cruise liner, the Emirates airline and the Travelodge budget hotel chain.Press Association
cryptogon.com (Free subscription) | 11/29/2009
Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday.The team is tasked with assessing the group’s assets, which is likely to result in a large scale sell-off of assets as varied as the QE2 cruise liner; Turnberry, the golf...
War On You (Free subscription) | 11/29/2009
Source: Telegraph Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday. The team is tasked with assessing the group’s assets, which is likely to result in a large scale sell-off of assets as varied as the QE2 cruise liner; Turnberry,...
Times Online (Free subscription) | 11/29/2009
... sale of some of its most high-profile assets, such as Queen Elizabeth 2, the cruise ship and Turnberry golf course in Scotland, which hosted The Open in the summer. On Wednesday, Dubai asked lenders for a six-month breathing space on loans to Dubai World, the largest Government-owned company. It has loans of $59 billion (£36 billion) spread among 90 banks, including a $3.5 billion bond at...
US News & World Report (Free subscription) | 11/29/2009
... source was quoted as saying. Among the conglomerate’s key assets are the QE2 cruiseliner and the Turnberry golf course in Scotland. read full article: Dubai World refuses to sell assets cheaply: report google.com
The Guardian (Free subscription) | 11/27/2009
... Istithmar subsidiary, Dubai World has a range of real estate investments in the UK including the Turnberry Resort in Scotland, the golf course that hosted this year's Open Championship. Last year it bought the Metropole Building and 10 Whitehall Place in London from the Crown Estate. It also owns Grand Buildings, Trafalgar Square and the Adelphi office building in the Strand in London. On...
The Daily Record (Free subscription) | 11/29/2009
Other Dubai-owned assets, such as Turnberry golf course, are likely to go to the highest bidder in a firesale of assets held by Dubai World - the crisis-hit firm behind some of the state's most ambitious projects.
lloydslist.com (Free subscription) | 11/27/2009
FEW of the visitors who take their children to see Cirque de Soleil or who watch major tournaments at Turnberry golf course realise that both those companies are among the hundreds of businesses across the planet owned by a UAE-based holding company called Dubai World. Probably even fewer care; welcome to globalisation. Indeed, Dubai World's reach is such that the old-fashioned word conglomerate...
LATICONOMICS (Free subscription) | 11/26/2009
... digging, we’ve found that Dubai World, or its partners, subsidiaries, sub-companies bought: Turnberry Resort in Scotland for £50.2 million in October 2008 Metropole Building at 10 Whitehall Place for £30 million in February 2008 Cavendish Gate at London’s Regent Street for £64 million in May 2007 The Adelphi office building in London for £308 million in...
Mirror.co.uk (Free subscription) | 11/28/2009
Luxury cruise liner the QE2 could be one of debt-laden Dubai's first trophy assets to be put up for sale.Others include Scotland's Turnberry golf course, New York department store Barneys and a stake in hit show Cirque du Soleil.The threat of a fire sale was sparked yesterday by a cash crisis at the state-owned company Dubai World, which has debts of more than £36billion.The investment firm...
Reuters UK (Free subscription) | 11/25/2009
LONDON (Reuters) - Chris Wood, the 21-year-old Briton who finished joint third in the British Open at Turnberry in July, won the European Tour's rookie of the year award on Wednesday.
The Telegraph (Free subscription) | 11/27/2009
... vision without even a glimpse of headlights. Woods was looking out from a dark place. At the Turnberry press conference he was almost rude to several journalists. The media accept this as their lot, but seasoned Tiger watchers were taken aback by just how curt some of his answers were. They veered from the smart ass to the dismissive. The following month at the Bridgestone Invitational Woods...
Times Online (Free subscription) | 11/27/2009
Dubai World, which owns a range of assets including the Turnberry golf club in southwest Scotland, sparked panic when it asked for the debt standstill. The company has liabilities of $60 billion and its Nakheel property division, which built the Palm Jumeirah development where the footballers David Beckham and Michael Owen own houses, was due to repay a $3.5 billion bond next month.
