Shaw’s Julian Saul Heads Group in Resort Purchase

Calhoun, GA, August 19-- Julian Saul, president of Shaw Industries, is one of three North Georgia investors who came together to purchase the North Georgia, Barnsley Gardens Inn & Golf resort. The three have formed the limited liability company BGAC, LLC to buy the resort. Saul, who said the group has plans to turn the Bartow County facility into “a world-class resort, declined to name the other two investors and did not disclose the sale price. The Calhoun, Georgia Times reported that a Bartow County warranty deed indicates that BGAC paid at least $10 million to acquire Barnsley Inn & Golf, LLC, which was put up for sale by previous owner Prince Hubertus Fugger of Germany. According to developers in 1999, the resort was then worth an estimated $25 million. The new owners do not plan to make any changes in management, Saul said, explaining that efforts will instead be focused on improving existing facilities. The resort currently offers 70 cottage suites, 5,000 square feet of meeting space, a championship golf course, a full-service spa, a sporting clays course, fly-fishing, horseback riding, mountain biking and hiking. According to Saul, BGAC’s plans include expanding the number of rooms as well as convention and dining facilities. Plans are also in the works to expand Barnsley’s membership and customer base. “We want more Rome members,” Saul said. A new regional sales office in Atlanta will help the expansion effort, said Euan McGlashan, managing director and general manager. McGlashan was excited to announce the sale Tuesday. “With the support of BGAC, we will be able to continue to grow and develop Barnsley Gardens into a truly world-class resort and conference venue,” he said. The resort will continue to grow, he added, as plans are in the works to build a residential community on 900 acres of remaining undeveloped land. The area is part of a nearly 4,000 acre parcel originally owned by the resort’s namesake, millionaire English immigrant Godfrey Barnsley, who built his homestead there in the 1840s. Barnsley arrived in Georgia in 1824 and quickly became one of the wealthiest men in the South, selling cotton abroad and bringing European commodities back to the United States. In 1841 he moved his children and ailing wife Julia to the Bartow County plot where he would build an estate called Woodlands. But when Julia Barnsley died in 1845, the grieving widower, left with eight children, abandoned the project and traveled for several years. He eventually finished his estate, touring Europe for furnishings and art while his eldest son found precious plants in the Orient to be used for landscaping the grounds. But much of Barnsley’s work was destroyed during a Civil War cavalry skirmish that broke out on the property in 1864. At the end of the war his unreconstructed Confederate sons immigrated to South America rather than sign the Oath of Allegiance. Barnsley moved to New Orleans to try to revitalize his failed cotton business and left Woodlands in the hands of his daughter Julia — thought to be a model for Scarlett O’Hara in Margaret Mitchell’s “Gone With the Wind” — and her husband. Barnsley died in New Orleans in 1873 without regaining the family fortune. Barnsley’s descendants lived at the estate until it was auctioned in 1942. According to a history published by the resort, at that point the gardens and house fell into disrepair. Fugger bought a total of 1,300 acres of land in 1988 and began restoring the landmark. Cottages were built to resemble a 19th-century-style English village, and the gardens were revamped and expanded to complete the transformation.

Other Archived Articles

Wholesale Inventories Rise in September   Full Article
Washington, DC, Nov. 12, 2014 -- U.S. wholesale inventories rose 0.3% in September after a 0.6% gain in August, according to the Commerce Department.

Beazer Homes Returns To Profit for Year   Full Article
Atlanta, GA, Nov. 12, 2014 -- Beazer Homes reported fiscal fourth-quarter net income of $59.8 million or $1.88 per share, compared to $11.9 million a year ago.

Mortgage Applications Fall Last Week   Full Article
Washington, DC, Nov. 12, 2014 -- Applications for U.S. home mortgages fell last week as interest rates rose, according to the Mortgage Bankers Association.

NAFCD Names Award Winners   Full Article
Chicago, IL, Nov. 12, 2014 -- The North American Association of Floor Covering Distributors has named the winners of its Leadership in Action and Lifetime Achievement awards.

First TISE East Draws International Attendees   Full Article
Dallas, TX, Nov. 12, 2014 -- Hanley Wood Exhibitions said that its first-ever International Surface Event East featured 185 exhibiting companies covering over 50,000 square feet of booths and displays.

NAFCD Urges Members To Support Habitat Stores   Full Article
Chicago, IL, Nov. 11, 2014 -- The North American Association of Floor Covering Distributors Association is urging its members to support Habitat for Humanity's ReStores by donating materials and products.

Former Mannington VP Hollinger Dies   Full Article
Kennett Square, PA, Nov. 11, 2014 -- Mark A. Hollinger, age 58, a long-time Mannington Mills employee, died Nov. 5 after a year long battle with glioblastoma multiforme.

Desso Using Water Company Waste in Carpet Tile   Full Article
Waalwijk, The Netherlands, Nov. 11, 2014 -- Carpet company Desso said it is using chalk from local water companies to make its products.

Investment Adviser Reduces Stake in Armstrong   Full Article
Boston, MA, Nov. 11, 2014 -- Wellington Management Company of Boston has reduced its stake in Armstrong World Industries to less than 5% of the firm.

Mr. David's Founders Named Persons of Year   Full Article
Chicago, IL, Nov. 11, 2014 -- David and Leonard Zmijewski, the founders of Mr. David's Flooring International, have been named Persons of the Year by the Chicago Floor Covering Association.

Dover Rug & Home Wins Philanthropy Award   Full Article
Natick, MA, Nov. 10, 2014 -- Dover Rug & Home said it is the recipient of the 2014 Community Excellence Award, given by the Family Business Association of Massachusetts.

More Home Refinancers Taking Cash at Closing   Full Article
Washington, DC, Nov. 10, 2014 -- Borrowers cashed out an estimated $8 billion in home equity through refinancing of conventional mortgages in the third quarter, according to Freddie Mac’s quarterly refinancing report.

Berkshire Hathaway Reports Lower Sales and Earnings for Shaw   Full Article
Omaha, NE, Nov. 10, 2014 -- Berkshire Hathaway reported third quarter net earnings of $4.6 billion, or $2,811 a Class A share, compared with $5 billion, or $3,074 a share, a year earlier.

Existing Home Sales Expected To Pick Up Next Year   Full Article
Washington, DC, Nov. 10, 2014 -- Sales of previously-owned homes next year may hit the fastest pace since 2006, according to the National Association of Realtors.

Former Starnet Chairman Wins Mayoral Election   Full Article
Point Pleasant, NJ, Nov. 7, 2014 -- Former Starnet chairman Bob Sabosik won his bid for mayor in Tuesday's elections in Point Pleasant.

Mohawk CEO Lorberbaum Discusses Firm's Growth   Full Article
Chattanooga, TN, Nov. 7, 2014 -- Mohawk Industries CEO Jeff Lorberbaum told the Chattanooga Rotary Club that his firm is investing $500 million in its existing businesses in a bet on an improving economy.

Economy Adds 214K Jobs, Unemployment Falls   Full Article
Washington, DC, Nov. 7, 2014 -- Employers added 214,000 jobs in October and the unemployment rate fell again, the Labor Department said.

Attendance at Cersaie Rises This Year   Full Article
Bologna, Italy, Nov. 7, 2014 -- Attendance at Cersaie 2014, the international exhibition of ceramic tile and bathroom furnishings held in Bologna in September, once again topped 100,000 visits, according to organizers.

Builders More Confident in Senior Housing Market   Full Article
Washington, DC, Nov. 7, 2014 -- Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index.

Housing Markets Improving at a Gradual Pace   Full Article
Washington, DC, Nov. 6, 2014 -- Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter.