Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

MIYAZAKI, Japan - Michael Glennie, president of Ripplewood Lodging, speaks at a press conference in Miyazaki on Dec. 8 about a plan to invest more than 3.5 billion yen to renovate existing facilities at the Phoenix Seagaia Resort complex in Miyazaki.

Seagaia to close swimming dome from October

Seagaia to close swimming dome from October

MIYAZAKI, Japan - Michael Glennie (R), president of Phoenix Resort Co., operator of the Seagaia resort complex in Miyazaki Prefecture, briefs reporters at a Miyazaki hotel March 26 about a restructuring plan under which the resort's indoor swimming complex, Ocean Dome, will be closed from October.

Seagaia resort hotels make fresh start as Sheraton members

Seagaia resort hotels make fresh start as Sheraton members

MIYAZAKI, Japan - Michael Glennie, president of Phoenix Resort, operator of the Seagaia resort complex, speaks at a ceremony in Miyazaki on Jan. 10 to mark a fresh start for two hotels of the failed resort. Glennie said the two hotels will do business as Sheraton member hotels. Phoenix Resort is owned by U.S. investment company Ripplewood Holdings LLC, which purchased Seagaia for 16.2 billion yen last June after Phoenix Resort collapsed in February the same year with debts of 326.1 billion yen.

Seagaia resort hotels make fresh start as Sheraton members

Seagaia resort hotels make fresh start as Sheraton members

MIYAZAKI, Japan - Michael Glennie, president of Phoenix Resort, operator of the Seagaia resort complex, speaks at a ceremony in Miyazaki on Jan. 10 to mark a fresh start for two hotels of the failed resort. Glennie said the two hotels will do business as Sheraton member hotels. Phoenix Resort is owned by U.S. investment company Ripplewood Holdings LLC, which purchased Seagaia for 16.2 billion yen last June after Phoenix Resort collapsed in February the same year with debts of 326.1 billion yen.

Seagaia to close swimming dome from October

Seagaia to close swimming dome from October

MIYAZAKI, Japan - Michael Glennie (R), president of Phoenix Resort Co., operator of the Seagaia resort complex in Miyazaki Prefecture, briefs reporters at a Miyazaki hotel March 26 about a restructuring plan under which the resort's indoor swimming complex, Ocean Dome, will be closed from October.

Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

MIYAZAKI, Japan - Michael Glennie, president of Ripplewood Lodging, speaks at a press conference in Miyazaki on Dec. 8 about a plan to invest more than 3.5 billion yen to renovate existing facilities at the Phoenix Seagaia Resort complex in Miyazaki. (Kyodo)