BELLEAIR, FL – March 31, 2014 — Belleview Biltmore Partners, LLC (BBP) today announced it has secured a funding commitment to purchase and renovate the historic Belleview Biltmore Resort and Spa, and purchase the Biltmore Golf Course currently owned by the Town of Belleair.
“Restoration of one of America’s landmark vintage resorts would be a great step forward for the entire community, and bring an end to the division among town residents that has lasted for too long,” said Gary Rosenberg managing member of BBP. “Resolving the future of the Belleview Biltmore will also provide a clear path to the future for the Town of Belleair and help restore its tax base.”
Rosenberg said the funding commitment from a private equity source would allow BBP to close on one or both transactions within 30 to 45 days, provided agreements can be reached with the Town of Belleair and St. Petersburg developer, Michael Cheezem, who currently holds a contract to purchase the hotel site. “We plan to reach out immediately to Mr. Cheezem and town officials to see if we can reach a win-win agreement for all parties,” Rosenberg said.
Rosenberg, a veteran hospitality professional who has been involved with more than 25 hotel transactions, was instrumental in the direction and restoration of The Homestead Resort in Hot Springs, Virginia, a small community similar to the Town of Belleair. The significant impact and financial contributions to the Hot Springs community was immeasurable.
“When pioneer railroad magnate Henry Plant chose to build the Belleview Biltmore on this bluff in 1895, he laid the foundation for the Town of Belleair,” said Rosenberg. “Since then, the hotel has been the centerpiece of the community, and we are dedicated to preserving the past in order to help secure the town’s future.”
In keeping with that commitment, Rosenberg said BBP will work with the town and Belleair Country Club to resolve the club’s parking issue without subdividing the hotel property. “As a good neighbor, we will work closely with the club and the town to find the right solution,” he added.
A RESTORED BELLEVIEW BILTMORE HOTEL, THAT is a VISION FOR BELLEAR! That has community pride!