WCI Communities announces sale of its interest in hotel formerly known as Regent Bal Harbour
BONITA SPRINGS, Florida
June 22, 2009
– WCI Communities, Inc. (Pink Sheets:WCIMQ - News) announced today that it has sold its interest in the hotel formerly known as Regent Bal Harbour. “This is consistent with our historical plan which, from inception, has been to develop and sell our interest in the hotel,” stated David L. Fry, Interim President and Chief Executive Officer.
“We congratulate Elevation Communities, LLC on their purchase of this trophy property,” continued Mr. Fry.
About WCI Communities
WCI is a fully integrated homebuilding and real estate services company with more than 50 years experience in the design, construction and operation of leisure-oriented, amenity rich master-planned communities. It has operations in Florida, New York, New Jersey, Connecticut, Virginia and Maryland. The company directly employs approximately 1,170 people, as well as approximately 1,800 sales representatives as independent contractors.
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