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Monday, July 02, 2007

Tribe buys Holiday Inn

The Saginaw Chippewa Indian Tribe announced Wednesday it had purchased the Mt. Pleasant Holiday Inn.
Terms of the deal were not disclosed, but Tribal Chief Fred Cantu and Holiday Inn General Manager Mike Brehm said the deal would close in August.

Here is the text of the press release from the Tribe:

On July 2, the Saginaw Chippewa Indian Tribe announced to their Tribal membership and surrounding community the purchase of the Mt. Pleasant Holiday Inn.

“This is an excellent acquisition that will complement our business interests and allow our Tribe to continue our diversification in the hospitality industry”, Saginaw Chippewa Tribal Chief Fred Cantu, Jr. said. “With over 27 years in the gaming and hospitality industry, we have the expertise to make this property a part of our other successful existing businesses”.

The Holiday Inn acquisition will be renamed the Soaring Eagle Inn & Conference Center and will be operated independent of the Tribe’s four diamond Soaring Eagle Casino & Resort.

To maintain efforts of a smooth transition, all current Holiday Inn employees will retain their jobs and will become employees of the Saginaw Chippewa Indian Tribe.

“I look forward to this property and our team members becoming part of a large, successful, growing organization,” Holiday Inn General Manager Michael Brehm informs. “I was personally overwhelmed of the Tribal Council effort to assure continued employment for all our staff … it shows they care about families in our community”.

Brehm will continue his current position to provide leadership at the Soaring Eagle Inn & Conference Center.

The business acquisition includes the 183 rooms at the Holiday Inn, the 42 rooms at Green Suites, the Pickard Street Grille restaurant, Boomers nightclub, Inn Sports health club and the executive par three golf course Holiday Greens


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