NCCI's Village at Breckenridge Resort named first Wyndham Hotel mountain resort.BRECKENRIDGE, Colo.--(BUSINESS WIRE)--June 27, 1996--One of Colorado's largest resort hotel complexes, The Village at Breckenridge, has been designated the first-ever Wyndham mountain resort, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a joint announcement by James D. Carreker, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Wyndham Hotel Corporation (NYSE NYSE See: New York Stock Exchange : WYN n. 1. One of the runes ( ) adopted into the Anglo-Saxon, or Old English, alphabet. It had the value of modern English 2. jock - When modified by another noun, describes a specialist in some particular computing area. ) Weaver III, chairman and CEO of Nashville Country Club, Inc. (Nasdaq: NCCI NCCI National Council on Compensation Insurance (Boca Raton, FL) NCCI National Correct Coding Initiative NCCI National Company for Cooperative Insurance NCCI Namibian Chamber of Commerce and Industry ). The facility, recently acquired by NCCI, has been renamed The Village at Breckenridge -- A Wyndham Resort. The resort acquisition continues NCCI's on-going strategy to build an entertainment company that serves the country music enthusiast who enjoys an active outdoor lifestyle. "Our customer base belongs to one of the largest and fastest growing segments of the consumer entertainment market," Weaver said, "a market we now successfully serve in both Nashville and Colorado. In addition to live concerts and music festivals, The Village offers access to such world-ranked outdoor activities as skiing, mountain biking mountain biking Sports medicine A sport in which participants use specialized bicycles to navigate rough, steep trails covered with unforgiving rocks Injury risk Concussions, fractures, death. See Extreme sport, Novelty seeking behavior. , golf, white water rafting, hiking, and fishing. NCCI's entertainment growth strategy includes continued aggressive expansion into other top international vacation destinations that will appeal to the upscale country consumer, according to Weaver. NCCI also is pursuing television programing opportunities, such as country music concerts taped at its facilities, to raise the profile of the company and its facilities. NCCI acquired The Village at Breckenridge in late April for $31 million. "The Wyndham name aligns NCCI with one of the fastest growing, upscale resort companies in the country, which parallels our own aggressive appetite for growth," Weaver said. "We would welcome the opportunity to fly the Wyndham flag over future acquisitions." "The Village at Breckenridge is a perfect complement to our Caribbean and other domestic resorts, and we are pleased that one of the nation's most popular mountain resort destinations has chosen to become a Wyndham," Carreker said. "Adding Nashville Country Club's plans for superstar entertainment and television programming will bring the resort and the Wyndham name to millions of households world-wide. We too, would welcome the opportunity to team up with NCCI at other locations," he said. Weaver, former president and CEO of London-based Hard Rock International, said that "while Hard Rock capitalized on the pop music culture in the 70s and 80s, Nashville Country Club is designed to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the strong and growing popularity and appeal of country music and its culture today." "However, Nashville Country Club carries its entertainment offerings far beyond themed restaurants," Weaver added. "Our on-going strategy continues to focus on placing more business assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. at each of our entertainment destinations and extending the guest's stay, thereby, increasing profit opportunity from our core customer base. Specifically, we see our opportunity beyond the traditional one-hour restaurant stay where a customer buys a beverage, a sandwich and a shirt. NCCI offers a multi-day entertainment experience, where a customer will buy hotel rooms, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , live entertainment and a variety of outdoor adventure activities that appeal to their lifestyle and validate their desired self-image. The Village recently completed a $2.5 million renovation, including refurbishing all guest rooms in its two hotels, totally revamping 32,000 square feet of meeting space, and creating a western theme throughout the 18-acre Rocky Mountain resort. The Village at Breckenridge is a dominant facility in the year-round resort area of Summit County, Colo., the nation's most popular ski destination. The facility consists of two hotels with 131 rooms, more than 300 slope-side condominiums and homes, 32,000 square feet of flexible meeting space, 11 restaurants and bars, and 85,000 square feet of retail space. The Village provides a variety of entertainment offerings designed to appeal to the country consumer, including skiing, fishing, mountain biking, horseback riding horseback riding: see equestrianism. , concerts, restaurants and retail shopping. Wyndham Hotel Corp. is a national hotel company operating upscale hotels and resorts located coast-to-coast and in the Caribbean. Nashville Country Club, Inc., headquartered in Tennessee, is an entertainment company that serves the active outdoor country lifestyle segment of the consumer market. Operations currently include resort hotels, restaurants, concerts, corporate events and other entertainment offerings. CONTACT: Daly Gray Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Northfield Jerry Daly or Carol McCune, 609/383-1414 |
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