Real Estate Developer Ginn-LA Outsources Security
Rumor: Ginn Company decides to outsource security to cut costs.
Palm Coast, Florida – March 1, 2009 – Rumor: Two readers contacted me today to tell me that Ginn-LA (real estate developer Bobby Ginn and financial partner Lubert Adler) has decided to outsource its security division. One security employee at Reunion Resort was reportedly earning $11/hr. That employee can apply for a position with the new company at $9/hr. Wages and benefit costs are said to be the motive behind the move.
Rumors abound of Linger Longer visiting both Hammock Beach and Reunion; for purchase or for management? One source claims that Linger Longer passed on the opportunity to buy Reunion.
Another person says that the rental management department will be shut down and guest services restructured. I haven’t been able to confirm this story, but it makes sense on at least one level. I’ve seen information that leads me to believe that there may have been some improprieties in the rental management program at the Hammock Beach Resort where some rental units received more frequent bookings at the expense of other units in the rental program.
Rumor: (noun) A current story or statement without confirmation or certainty as to facts
Ginn Cost cutting
We got notice to come pick up certificates for our Ginn VIP points earned while working the Senior tour event. Rumor has it they have raised the points needed for all rewards, therefore they will give out less than what was in the original VIP Booklet.
Reunion already fired Rental staff at reunion
Reunion already fired the rental marketing staff and most of the rental managers about 1 month ago.
Linger walked, Rarriott walked, Wyndham walked, who’s still in play? What’s Ginn trying to get for these places? I thought this was a fire sale?
Fire Sale
The properties may be a fire sale but the buyer still needs to believe there is a viable market or they will suffer the same fate as Ginn. Anyone who buys one of his half completed communities (Reunion & Tesoro) will be competing with all of the bank sales and foreclosures. That is a not a place any new buyer/developer wants to find themselves.
Everything is a secrect!
Why is it impossible for management to simply tell owner’s the truth? Let people know what is going on. Owner’s have the right to know what is happening with the "dream" (turned nightmare) that they have bought into. As far as the rental program, both Hammock and Reunion rentals have never been fair. Owners talk, we know that some alike condos/homes receive more rentals than others. We have never received an answer explaining why this happens. It does appear that there are many improprieties in the rotation of rentals; this appears to be another one of the big secrects held by management. When the light is finally "turned on", revealing all of these secrects, I have a feeling that there will be many upset owners and it’s not going to be a pretty site!
Hopefully, a reputable company will step in, take over and make the right changes. Current management needs to be removed in order for this process to work. Here’s hoping this happens very soon, for everyone’s sake.
Ginn Reunion
I am anxiously awaiting the sell or transfer of Reunion to someone who has a hint of how to run a resort rental program. The only thing Ginn is good at is firing the only people who had a clue in the business!!! Everytime we take one step forward in terms of relationships with the Ginn staff – they seem to be fired!
This resort is like a beautiful girl that couldn’t get a prom date. All dressed up and no where to go! No direction no plan. Imagine a resort 6 miles from Disney and no plan to get the guest to Disney?
Owner since 2002! I have seen it all!
Jim Gintner