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Clearview Hotel Capital: Strategies and Investment Criteria for Vintage Hotels

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Interior of Restored Vintage Hotel

Clearview Hotel Capital LLC of Newport Beach, California, is a privately-held hotel investment and advisory company focused on acquiring and asset-managing hotels in primarily urban and unique locations. Clearview was founded in 2007 by Jon Kline. To date, Clearview has closed investments in hotels with over 2,500 rooms. We target institutional quality hotels located in high barrier-to-entry markets with multiple demand generators. Clearview co-invests alongside its capital partners so as to maximize the alignment of interests.

Clearview also has selectively provided third-party asset management services for hotel owners and lenders, always with an owner’s perspective. These services include operational consulting as well as financial/capital advisory services.

The following link to their website profiles their hotel portfolio and outlines their investment strategy.

http://www.clearviewhotelcapital.com/home/

IS IT TRUE? December 21, 2011

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The Mole #??

IS IT TRUE? December 21, 2011

IS IT TRUE that the closing lines from yesterday’s IIT Meatloaf song are a perfect ending for the final bow of the puppet council and the state the Evansville finds itself in?…that those words are “it was long ago and it was far away but it was so much better than it is today”?…that could apply to Evansville’s parks, or budget, our roads, our economy, our crime rate, our suicide rate, and of course our drug related problems?…that there is much to do in the wake of 8 years without transparency or accountability?…that Mayor Weinzapfel may have been much better if he would have had wisdom and honesty for Council to prevent the hubris of the illusion of a landslide from blinding him to the truth of who his master should have been?…that master should have been the people of Evansville?

IS IT TRUE that in this Christmas season there are 81 homes listed in the record of houses that are to be offered up at the January Sheriff’s Auction?…that these transfers of property are highly probable to make up on the order of half or more of all residential real estate that will change hands in Vanderburgh County last month?…that we have been advised before that these transactions are not included in the “official” records of homes sold?…that the CCO finds it disturbing and ironic that in a number of the notices that the banks that have initiated the legal proceedings that lead to a Sheriff’s Auction are the very same banks that were bailed out by the United States government?

IS IT TRUE that former President of the United States Bill Clinton in his new book speaks out on a couple of subjects with plans and opinions to get America back to work that would be well accepted in conservative Republican surroundings?…that President Clinton acknowledges that America cannot prosper without doing a much better job of eliminating long term debt and balancing the federal budget?…that President Clinton also favors allowing free markets in the health insurance business instead of closed markets within state borders?…that if he favors this approach for insurance that maybe he would also support open grid free market competition in the utility industry?…that if he could do such things by working with a Republican congress as he did in cooperation with then Speaker of the House Newt Gingrich during his presidency that the country would begin to heal much faster and may actually be sustainable?…that the CCO endorses a three month vacation for President Obama so that President Clinton can take over in his absence and repair these three things?

IS IT TRUE that one of the interested parties in doing something with the McCurdy has been identified by the Evansville Redevelopment Commission as the “MYSTERY DEVELOPER”?…that this may or may not be an improvement on the previous “MISERY DEVELOPER” that spent 4 years needing only one signature to get started?…that the “MAGICAL MYSTERY DEVELOPER” is not one of the people who has contacted Mr. Joe Wallace who published an article that makes a financial case for the McCurdy as a hotel but dismissed the apartment concept based on valuation and market rate rents?…that it will be quite interesting to see the rent and occupancy assumptions of the “MAGICAL MYSTERY DEVELOPER” to analyze just what numbers have to be stuck into a pro-forma to make a case to turn the McCurdy into apartments?…that the downtown Convention Hotel while challenging with reasonable assumptions works very well at $250 per night and 80% occupancy?…that pipe dreams seem to have a long life here in river city?

EVPL Offers “Phantom Finder” Kit

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December 20, 2011 – Evansville, IN – Want to save money on energy bills? Evansville Vanderburgh Public Library cardholders can check out a Phantom Finder kit today from the EVPL, and see how much energy appliances and electronics are consuming while not in use.

The Phantom Finder kit includes a kill-a-watt meter that can estimate the electrical consumption and cost associated with “phantom loads,” or the amount of electricity that is being drained by items when they are turned off or in standby modes.

The kill-a-watt meter simply plugs into an electrical outlet and allows the user to plug in any appliance to see how much electricity the appliance uses, and then calculate how much money it’s costing. These energy detectors are a great way to see how much it costs to leave items plugged in after use, such as leaving a phone charger plugged in after completing a charge.

Visit the Check Out Desk at any EVPL location, and you’ll be on your way to detecting energy waste, saving money, and helping the environment.

The Phantom Finder program is sponsored by Vectren Corporation, the Indiana State Library, and the EVPL.

Downtown Today: 12/21/2011

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Time 9:00 AM – 10:00 AM
Subject GIS TECHNICAL COMMITTEE
Location 318
Recurrence Occurs the third Wednesday of every 1 month effective 12/21/2011 until 12/21/2011 from 9:00 AM to 10:00 AM
Reminder 15 minutes
Laura Howell @ 5071
Categories ROOM 318

Time 9:00 AM – 10:30 AM
Subject BLOOD PRESSURE SCREENING/FREE
Location MAIN HALL 1ST FLOOR
Recurrence Occurs the third Wednesday of every 1 month effective 12/21/2011 until 12/21/2011 from 9:00 AM to 10:30 AM
Reminder 15 minutes
435-5015 HEALTH DEPT
Categories Phone Call, EVENTS

Time 12:00 PM – 1:00 PM
Subject PARKS BOARD
Location 301
Recurrence Occurs the third Wednesday of every 1 month effective 12/21/2011 until 12/21/2011 from 12:00 PM to 1:00 PM
Reminder 15 minutes
GLENN BOBERG @ 6141
Categories ROOM 301

Time 1:00 PM – 2:00 PM
Subject SAFETY BOARD
Location 301
Reminder 15 minutes
TINA OWEN @ 7897
Categories ROOM 301

Local Inauguration to be held January 1, 2012

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The Inauguration of all City Elected Officials (Mayor, City Clerk, and City Council) will take place at 12:00 P.M. on January 1st, 2012 at The Victory Theatre in Evansville located at 600 Main Street. A reception open to all guests will immediately follow the ceremony.

Happy Hanukkah Evansville

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The sun has set and all of our friends and readers who celebrate the Jewish tradition of Hanukkah are now lighting the first light of the menorah. The City County Observer would like to extend our best wishes and thanks to all of our readers of the Jewish faith.

Holiday Angels Silent Gifts Helping People Nationwide

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Holiday Angels, the kind that have flesh, blood, a big heart, and a little extra money are surfacing all over America this year to anonymously provide assistance to people who have chosen the lay-away plan for Christmas shopping. I was reported tonight that over 1,000 Holiday Angels have paid a tab of over $100,000 in K-Mart and Wall Mart stores in California, Texas, and Pennsylvania.

If you would like to be a Holiday Angel just go to a local store that has a lay-away plan and pay the balance owed for some person that you do not know. When they come to the store to retrieve their presents they will simply be told that a Holiday Angel has paid their bill. The only requirement is to do this without telling.

Come on Evansville, you are a city with a big heart and many people really are struggling this year. Here is your opportunity to be a Holiday Angel.

City Government Report Card on the 10 Most Important things for 2011

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The City County Observer kicked off 2011 with a reader’s choice of what the most important things that the City of Evansville and Vanderburgh County need to get right in 2011. Well not all of the actions for 2011 are completed and the results are in. The private part of the public/private partnerships seem to be working but the public part left much to be required. Fortunately for Evansville next year will have a new Mayor and a new City Council.

On a College Scale the City of Evansville Gets a 0.70 on a 4.0 Scale for this Semester.
The Boar of the CVB, KEB, John Kish, the Winnecke Transition Team scored all of the points that lead to that rating or the City Government would have scored a 0.00 on its own merit matching John Belushi’s character in Animal House for academic attainment.

THE TOP TEN and THE GRADES

D: The 2011 City Elections: What we opined would constitute getting it right is for no more partisan voting block control of the City Council and a split party make-up of independent thinkers. After the primaries we had the potential for exactly what we hoped for. What we got is a continued 8 – 1 Democrat majority just like the previous City Council. Additionally every incumbent running was re-elected and there were 5 which makes a majority. The other item of concern with the City Council is that of the 9 members of next years council a majority have been strongly associated with the puppet strings of “The Machine”. The actions and votes of the newly elected City Council will need close scrutiny.

Mayor Elect Winnecke and his Transition Team have been a particular bright spot and are deserving of an A for their excellent choices to appoint to high profile positions of importance. His biggest challenge will be getting anything through a City Council that for all practical purposes looks very much like the outgoing one.

F: An Evansville for the next Decade Plan: Nothing has been done and not one our elected officials or candidates for office has mentioned such a plan. The outgoing Weinzapfel Administration not only neglected to do any planning they spent the last month obstructing any future plan from being comprehensive of nature even announcing a park without identification of a funding source or sharing an provision on who or how to maintain it.

B : Civic Beautification: We can thank Ann Ennis of Keep Evansville Beautiful for a great new fountain at Garvin Park and a northern Gateway beautification plan. There have also been several quite visible efforts by candidates for office and particularly Lloyd Winnecke for mobilizing private litter removal programs. NOTE: The City of Evansville’s Parks Department gets a big fat F for the year thus far for utter incompetence and for rudeness in dealing with the general public.

A+: The Hiring of a new Executive Director for the Evansville Convention and Visitors Bureau: Mission accomplished CVB Board and the plus is for doing the right thing with respect to the rotten circumstances surrounding the departure of Marilee Fowler. When a board commits or is strong armed into committing an egregious action it is commendable that the new board makes things right in very short order which this board did.

D: CSO Plan for EPA: The total of the disclosed accomplishment is the recent announcement that a judge had approved the consent decree. It is time for some real design work to be budgeted and done so we are not hit with fines again at the end of 2012.

D: The MLK Entertainment Complex: John Kish gets an A+ for his work in keeping the Arena on budget and on schedule. The City of Evansville and the Evansville Redevelopment Commission get a big fat F for the hotel fiasco. If there were anything lower than an F they would deserve that. We thought that there was nothing that could have possibly have been done worse and then the ERC, Mayor Weinzapfel, and the Evansville City Council jammed through a non-binding MOU with not legal standing purely for political resume building purposes. It is time for these guys to change their major as they have failed the core curriculum too many times to be able to take it again.

D-: Mental Health Services Improved: Coroner Annie Groves gets good marks for initiating an awareness campaign. The end result is still a D- because the suicide rate is still among the highest if not the highest in the country. This grade would have been an F but Mrs. Grove’s hard work in the first half of the year raised it.

F: Pay Scales: Not a darn thing has been done to make the pay scales of the City of Evansville competitive. As it is time to start the process of replacing some senior positions and transforming the City of Evansville’s attitude toward its customers the paltry state of the official pay scales will soon be quite apparent.

F: Consolidated Government: Every opportunity to craft a plan that demonstrates real efficiency from consolidation has been punted to later. The current plan does not save a dime, offers no tangible benefit to anyone, and relies on trust the government to do things right after passing it. This is no way to run a County.

F: Smoking Ordinance Revisited: The Evansville City Council has not even had the courage to bring this up in an election year even though it is now assured to pass if it is comprehensive.