AMEX, HMG - Hmg/Courtland Properties
HMG/Courtland Properties, Inc. and subsidiaries (?HMG?, or the ?Company?), was
organized in 1972. HMG (excluding its 95% owned subsidiary Courtland
Investments, Inc. (?CII?), which files a separate tax return) qualifies for
taxation as a real estate investment trust ("REIT") under the U.S. Internal
The Company?s business is the ownership and management of income-producing
commercial properties and its management considers other investments if such
investments offer growth or profit potential.
The Company?s principal commercial properties consist of (1) a luxury resort
with a 50-room hotel, restaurant/banquet facilities, spa, marina and tennis
courts (?Grove Isle?), (2) a 50% interest in a restaurant, marina and
office/retail mall facility (?Monty?s?) and (3) its 5,000 square foot corporate
office building. All of these properties are located in the Coconut Grove
section of Miami, Florida. The Grove Isle resort is operated by Noble House
Resorts, Inc. ...
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