Ovation Development

Ovation Development


M E M O R A N D U M

September 15, 2005


To: Friends of the Brexton Hotel

From: Lou Steadwell

Subject: Brexton project update

I held off as long as I could before contacting Steve Mowbray, the owner of the Brexton to see where he stood regarding our proposal to purchase the property with a contingency period. He informed me that he had taken the property off the market in order to explore furthe the possibility of doing the conversion and renovation project himself. I told him that I was going on vacation for two weeks and he suggested that I check back with him at the end of the month to see where he was on the project.

Let’s look a some others.