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Weaver: No plans for another hotel

Monday, January 25, 2010
(Updated Tuesday, January 26 - 5:33 am)

GREENSBORO — Two people involved with the proposed Ole Asheboro Hotel downtown raised the prospect Sunday that two well-known hoteliers have questioned the project because they may want to build a hotel of their own in the center city.

“There’s more to this than meets the eye,” said Melvin “Skip” Alston, chairman of the Guilford County Board of Commissioners and a real estate broker for the Ole Asheboro project. “The fact of the matter is they are planning on putting a hotel downtown. That is why they are fighting this.”

Not so, one of the businessmen responded.

“Oh, gosh, no,” said Mike Weaver, co-founder of Quaintance-Weaver Restaurants & Hotels. “Absolutely not.

“This is a dreadful economy. We don’t want to build a hotel anywhere. We just wouldn’t take the risk.”

Quaintance-Weaver is among the investors in the Proximity and O. Henry hotels in Greensboro.

Last week, Weaver and Dennis Quaintance notified Greensboro and Guilford County officials that they would sue both governments if they don’t release public records pertaining to the Ole Asheboro Hotel project and the federal stimulus program that would help make it financially viable.

Local investors backing the hotel are seeking recovery zone facility bonds created under the 2009 federal stimulus act. The program allows private developers to borrow at a low interest rate.

The bonds are funded and paid for privately — local taxpayers are not liable. But the construction projects still have to meet financial muster with a state commission before the bonds can be issued.

Both Guilford County and Greensboro got an allocation under the program — $19 million for Greensboro and $9.8 million for the county — which allowed them to approve projects that could take advantage of the preferential financing.

Weaver and Quaintance said they were looking for transparency from local government and wanted to make sure stimulus programs were being properly administered.

That move led some of the project’s supporters to threaten a protest march against Quaintance and Weaver. Initially, they said that demonstration could occur Feb. 1, the opening date of the new International Civil Rights Center & Museum. Hotel supporter Deena Hayes, a member of the Guilford Board of Education, said Sunday that no decision on a march has been made.

“That will be dictated by the information that we get,” Hayes said, referring to what Quaintance and Weaver might have planned. “To have two hoteliers challenge an industry project under the guise that they are concerned about the city’s resources sounds very suspect to me.”

Weaver has said the threat of a protest march would not dissuade him from questioning the funding of the eight-story, 200-room, luxury hotel proposed for the corner of Davie Street and February One Place.

Alston said he had been told by Greensboro City Council members — he did not say which ones — that Quaintance-Weaver wanted to build a 45-room boutique hotel on property the Weaver Foundation owns at the corner of North Church Street and Friendly Avenue.

In 2006, the foundation started by Weaver and his family bought the property from Duke Energy for $1 million and earmarked it for future community development.

“That property is promised,” Weaver said. “I’m flabbergasted.”

Part of the site has been offered for the proposed UNCG school of pharmacy.

 

Contact Donald W. Patterson at 373-7027 or don.patterson@news-record.com.

 

Accompanying Photos

Photo Caption: Mike Weaver (left), Melvin "Skip" Alston

Comments

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marquisdepercin

January 25, 2010 - 6:45 am EST

Skip Alston, I have read in this paper, stands to receive a nice commission if the hotel is built a the now suggested location. He needs to excuse himself from all talk, conversations, meetings re: this. What Weaver and Dennis are asking for makes sense-accountability, transparency and true financial sense. They are asking to get rid of the mirrors and smokescreens.
Good solid questions from good solid business men that deserve to be answered.

superwoman

January 25, 2010 - 7:39 am EST

Let the church say "YEAH"

jeffreyhsykes

January 25, 2010 - 12:45 pm EST

Anyone who wants to file an ethics complaint against Alston or Hayes need only send a letter to one of these places:

http://www.sboe.state.nc.us/content.aspx?id=9

http://gcms0004.co.guilford.nc.us/elections_cms/

Unaffiliated

January 25, 2010 - 7:42 am EST

Absolutely! Skip is self-serving : his ego has been & is unacceptable for an elected official!

superwoman

January 25, 2010 - 7:39 am EST

“There’s more to this than meets the eye,” ....So Mr. Alston how does it feel to think this way? This is how the majority of taxpayers in Guilford County seem to feel about you and your problem solutions or how the citizens of High Point seem to feel about Mr. Arnold and is "endeavors" (especially the "deal" or "trade" of property betwwen C Wayne McDonald and the county or should I say Mr. Arnolds previous business partner)....if it walks like a duck and quacks like a duck then...........

MiddleUS

January 25, 2010 - 8:25 am EST

The downtown Hotel project is receiving public guarantees and other preferences. The records should be open and the sponsors of the project should want them to be open. After all, what do they have to hide?

GCS Parent

January 25, 2010 - 8:49 am EST

"What they have to hide" is the fact that the project is NOT VIABLE! You are darn stright the records should be open and public!! They know that they cannot make the debt service at the room rate the market will support. But what should Skip care about that?! His commission and the developer's fees will have long since been paid by the time they default and stick the local governement with the job of cleaning up the mess. And for those of you who say it won't be taxpayer's responsibility... who will pay for the vacant building when they cry for Greensboro to take it over to prevent it from being a blight downtown? ALL of the business partnerships involved can declare bankrupcy and walk away without any harm to the individuals involved. Who takes care of things then??? YOU AND ME! And SO WHAT if Weaver ever planned to build a boutique hotel! That's what this group should be considering. Not a luxury 8 story bankrupcy in the making.

truth

January 25, 2010 - 4:37 pm EST

Methinks they protest too much.

Why stage a march because someone wants you to be transparent? Sounds like Skip has something to hide to me.

DTaggart

January 25, 2010 - 8:58 am EST

Skip Alston states, "There's more to this than meets the eye" so the question should be asked of Skip Alston, how will your pockets be padded if this deal is approved? How much financial gain will you enjoy? The article also states that local taxpayer are not liable. Mr. Alston, what happens if the feasibility studies are correct and this area can not support a high end hotel downtown. What happens when the hotel files for bankruptcy and the city is still responsible for this site? Who will be expected to pay for the upkeep of a vacant building, who will be expected to pay if the hotel must be demolished for something else to be built on the site? Quaintaince Weaver is a well respected corporation who knows a great deal about the hospitality industry. If this were a profitable venture don't you think they would have already built a hotel downtown? I hope the public is smart enough to see through the smoke and mirrors. Quaintance Weaver, thank you for looking out for the public's best interest, because the public or should I say the taxpayer's would bear the responsibility for the downfall of this shady business deal.

jackhartjj

January 25, 2010 - 11:20 am EST

Someone aske skippy how much he stood to gain...he told them it was none of their business.

jonjones

January 25, 2010 - 9:01 am EST

It has been reported elsewhere (YES! Weekly) that Deena Hayes' roommate has a financial stake in the development of the hotel. That raises interesting questions about her threat of a civil rights march against those who are asking for government transparency in decisions about the hotel.

pippi69

January 25, 2010 - 9:27 am EST

and, seriously, what the heck does any of this have to do w/civil rights, anyway? This has to do with business decisions, city investments, and future taxpayer responsibilities

Brentwood

January 25, 2010 - 9:39 am EST

Deena Hayes did not say anything about a "Civil Rights" march. This is the thing about comments on here, even mis-informed people can make them.

From the N & R , Hoteliers may sue article:

"Hayes, who also is a member of the museum’s board of directors, said discussion about a demonstration of some sort began Friday. The march’s theme would be linked to Quaintance and Weaver’s ownership of the Proximity and O.Henry hotels which, she said, are benefitting from the museum’s opening."

Brandon Burgess

January 25, 2010 - 9:44 am EST

Hayes also stated that a march would "be symbolic of what the whole movement is about." --From Yes!

I wonder what movement she is referring to.

pippi69

January 25, 2010 - 9:04 am EST

“To have two hoteliers challenge an industry project under the guise that they are concerned about the city’s resources sounds very suspect to me.”

Ms. Hayes, it seems suspect to me that you are even slightly suspicious of 2 successful businessmen, both of which have a very vested interest in how this city manages its resouces. Neither one of these men feel, or should feel, threatened by a hotel downtown, they simply don't think it's a viable idea & they don't want GSO to go down hill again w/a bunch of vacant buildings. The only suspicion I have, personally, is why the 'public records' are being protected so strongly by the Alston-clan - unless, of course, there's something suspect in those records that could point fingers at certain people......hmmmmm?

Brentwood

January 25, 2010 - 9:12 am EST

Greensboro City Staff and the Greensboro City Council should have a say so and influence on "how this city manages its resources, " not a private company. They own land downtown and had future plans to build a boutiqe hotel. That endeavor would be compromised with a luxury hotel that beat them to the punch. Ignorance is bliss. You can think that this move is standing up for the citizens of Greensboro if you want, but trust and believe, as a business, they have their own motives.

pippi69

January 25, 2010 - 9:21 am EST

I'm not too naive to realize that business is business. What I meant is that Weaver & Quaintince have their own niche in the market already, and I truly don't think either of them have a reason to feel threatened by this hotel idea. My knowledge of both of them is that they really do want to see GSO thrive as a city/community. The idea that they are simply asking for public records should not be seen by the 'threatened' parties (aka interested $$ parties such as Alston & Hayes) as a way to block the project.

Brentwood

January 25, 2010 - 9:29 am EST

I understand your comment. I believe however, the majority of the comments that come from a perspective of "looking out for us" is a bit dillusional.

jackhartjj

January 25, 2010 - 11:44 am EST

Actually brentwood, I want someone to 'look out for me'! That's being real!

Brentwood

January 25, 2010 - 9:06 am EST

Quaintaince Weaver are not "looking out for the public's interest." They are in the hotel business. Don't be so naive people.

jstevenh1952

January 25, 2010 - 9:20 am EST

In what way?

Look carefully at the characters that make up this play. You may be fooled as well. Just as we were about the project accross the street.

Brentwood

January 25, 2010 - 9:24 am EST

In what way were "we" fooled about the "project across the street"? The Civl Rights museum opens Feb. 1

jackhartjj

January 25, 2010 - 11:46 am EST

And would have opened years ago had skippy not played the race card trying to raise money...then bowed out when it got murkey!

Brentwood

January 25, 2010 - 11:55 am EST

Ok, Jack:

The comment heard 'round the world. "It could have opened years ago." 'He should have bowed out or resigned from the Board of the museum." Once again, if it were not for Skip, it would be a parking deck by now. Plain and Simple folks. Why should he have to step down when it was he who wanted to turn the site into a museum in the first place. Did they meet forseen and unforseen challenges, Yes. But here we are, one week until opening day. Alot of things took time to come to fruition, including Civil Rights istelf. Let's not focus on teh past and why and why nots. This is a beautiful musuem that will bring jobs and tourists to our city. Must we be so cynical all the time? This is a project that this man has visualized over 16 years ago and now here we are. Several museums in Washington were delayed because of construction issues or funding, it happens. So what, who cares, lets celebrate. Some of your comments are so hateful and cynical I just dont get it

jstevenh1952

January 25, 2010 - 1:06 pm EST

Would you consider the Woolworth's a success? Soup to nuts, a success? Who is playing for the hotel?

Brentwood

January 25, 2010 - 1:47 pm EST

Yes. It's opening Feb 1, so yes it's a milestone and a success. I'm not so sure "why did it take so long" is a good arguement. Several museums often get delayed, including the one in Memphis which took 10+ years. It really is an experience to enjoy. I walked though briefly last week and its amazing. It will not only be a museum but a center to host african american studies and other educational curriculm from all of our local colleges. Much of the money for the hotel is coming from the 2009 Fedearal Stimulus Act in the form of Recovery Zone Economic Development Bonds.

eduguytoo

January 25, 2010 - 2:06 pm EST

Who would you want balancing your checkbook? Deena and Skip....or Mike and Dennis? I'll have to tell you that after watching the clownish efforts of the city council, county commissioners and school board to manage money (over a period of many years), that's a real easy one for me to answer.

Brentwood

January 25, 2010 - 2:09 pm EST

Last time I checked, Skip approved a 2009 budget with Zero Cent Tax increase. The County has proven to be efficient and bold in the face of economic turmoil.

eduguytoo

January 25, 2010 - 10:03 pm EST

Skip can't "approve" anything by himself. He's one man with one vote. Remember the old adage that even a stopped clock is right twice a day. Why you are putting him on such a pedestal is beyond my comprehension; voters forget too quickly. Cronies believe the best in a friend almost always. Does St. James Homes ring a bell? I believe that was 2005 or thereabouts.

Brentwood

January 25, 2010 - 11:13 pm EST

I would argue that Skip has a GREAT deal of influence on the Commissioners board. You know it, and so do I. I am not forgetful, I have a great memory. When I spoke of Skip in that instance, I spoke of of him being the Chair of the Board of Commissioners. And he has been a very hands on Chair at that. So yes, he is one vote, but after 18 years, you better believe his influence reigns. I'm sure you can look at anyone's professional life and career and point things that went wrong or could have been handled better. How is it productive to bring up past issues like St. James. How is that relevant. And I would love to have that conversation with you Edu. Because I have a feeling I speak with greater fact based knowledge than you. So...let's have at it!

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