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Salishan embraces new leadership

Modified: Sunday, Jul 6th, 2014


C.W. Capital, a subdivision of the Fortress Investment Group, has purchased Salishan Spa & Golf Resort from Spring Capitol Group of Eugene, Ore. Unconfirmed reports put the sale price at $18 million. (Photo by Rick Beasley)
GLENEDEN BEACH — A storied resort that is struggling to reclaim its niche among the leading destinations in Oregon has new owners and management.

C.W. Capital, a subdivision of the Fortress Investment Group, has purchased Salishan Spa & Golf Resort from Spring Capitol Group of Eugene, Ore. Unconfirmed reports put the sale price at $18 million.

Spring, owned by brothers David and Tom Connor, bought the resort from the Lend Lease Corp. in 2003 for $16 million. David’s son, Jason, managed the operation. Spring continues to own and operate other hotels, including Best Westerns in Newport and Eugene, Ore., and New Mexico.



For the complete article see the 07-04-2014 issue.

Click here to purchase an electronic version of the 07-04-2014 paper.


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