Tag: Pipe Dream HotelsView All Tags
Halsey Minor, the man who founded CNET.com is not only a crappy millionaire, he's a crappy hotelier too. Minor, who at one point was worth nearly half a billion dollars, filed for personal bankruptcy earlier this summer yet made news again yesterday when his posh Bel-Air estate went up for sale in a bankruptcy auction.
But being hotel nerds, we're more interested in the hotel he planned in his hometown of Charlottesville, Virginia.
Minor created Minor Family Hotels sometime in the mid-2000s with the sole purpose of building a nine-story, 100 hotel room in downtown Charlottesville. However, by 2008, construction had stalled on the project and by September 2010, it had already been the subject of eight lawsuits in two different states. By then, Minor Family Hotels filed for bankruptcy.
To this day, the nearly-finished hotel remains untouched, although it did get snapped up for $6.25 million by Dewberry Capital last year. Even though the company has not touched the abandoned project since buying it, they reportedly still have plans to turn it into a functioning hotel and are even working on a new luxury hotel brand.