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Old Posted Apr 19, 2008, 9:27 PM
robk1982 robk1982 is offline
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Hotel Sold to Crim

Crim and Character sign sale agreement
FLINT
THE FLINT JOURNAL FIRST EDITION
Thursday, April 17, 2008
By Ron Fonger
rfonger@flintjournal.com • 810.766.6317

FLINT - The purchase agreement for the Crim Fitness Foundation to buy the Character Inn has been signed, the organization's chief executive officer said Wednesday.

"This building is one part of the vision we have for the work we hope to do," said Gerry Myers, Crim chief executive officer.

The foundation was expected to issue a news release with additional details of the purchase today.

The sale had been expected and had been agreed to in principle last week by the foundation and the property owner, the Institute in Basic Life Principles.

Neither side has disclosed a purchase price for the 16-story former Hyatt Regency hotel.

The institute has been trying to sell the hotel for the past few years after buying it and operating programs and hosting events there in 2000.

Sale of the hotel is contingent on a review of the property to check its condition, Crim officials have said.


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Great news, IMHO. For those who may not be aware, the Crim hosts the 3rd largest 10-mile run in the nation every August through downtown Flint. They have also begun to organize a half-marathon in Oakland County. I don't see the Crim buying this building if they don't have a feasible goal to make it successful.
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