Showing posts from January 11, 2012

What's going on with Melrose-A meeting with the Pelorus Group (The Owners)

On January 5, Len Pojednic, POA president, Bob Stright, POA board member, Andy Mason, ARB chairman, and Brian McCarthy, Melrose homeowner and owner of Bloody Point, met with J. T. Bramlett, Pelorus Group president, Brent Hall, Susan Jones and Alex Norman of Pelorus and several financial advisors. Also present was a representative of Charlestowne Hospitality Group. Pelorus is in the process of recapitalizing its investment in Melrose. This will take a couple of months and very little renovation will be done in the interim. However, the excellent condition of the golf course will continue to be maintained. Pelorus has purchased the Beach Club and pool areas for future development but they will refurbish the restaurant and pools for use this summer. The restoration and opening of Jack's is another priority. The Island House needs very little work. They will hire a general manager to oversee all renovations and operations. It will be at least nine to twelve months before the Inn will o