Richmond Hill Inn set to file for bankruptcy

ASHEVILLE Owners of the Richmond Hill Inn plan to file for bankruptcy today and plans are in the works to develop about 40 acres of riverfront land near the historic inn. Full Story
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John

Lincolnton, NC

#1 Mar 24, 2009
I'm sorry, anybody was hires a PR firm to answer questions regarding assets and insurance claims, looks quilty as hell. Only in Hollywood would this be deemed appropiate. Mr Gray, or however the owners are, you are all idiots and we see right thru you.
Doubting Thomas Pearson

Weaverville, NC

#2 Mar 25, 2009
Who in their right mind would go into a partnership with Bill Gray? He has been saying that he plans to develop the 40 acres for years. All other potential investors ran like hell once they met Gray and saw the financials.

If an investor wants the inn & property, they need to buy it outright and keep Gray and his minions far far away.
Doubting Thomas Pearson

Weaverville, NC

#3 Mar 25, 2009
Interest payments were not current at the time of foreclosure. The last payment was made in August and the foreclosure process began in October. It's all public record. Look it up! Don't try to disparage the Michel family.
Avl Dao

Hickory, NC

#4 Mar 25, 2009
Doubting Thomas Pearson wrote:
The last payment was made in August and the foreclosure process began in October. It's all public record. Look it up!
Normally debt service info is not part of the public record for private property and their lenders. Are you saying the debt service info is available in this case cuz there in the files recorded at the County for the foreclosure and tax sale?
Thanks.
melted

Hendersonville, NC

#5 Mar 25, 2009
Q.With all the advertisements from companies wanting to buy gold, if I were to try to sell mine, how would I know if I am getting a fair price?-- S.V.

A. Despite all the ads that make it look like easy money, you will need to do some homework before selling your gold.

The first thing to consider is whether your gold is more valuable in its current form -- as jewelry or coins, for example -- or as scrap gold.

"For coins, I would take them to a local certified independent appraiser, who can determine the value and also refer persons to a credible local jewelry store," said Helen Haire, a local jewelry appraiser and graduate gemologist. "You can find a list of appraisers who live in the area on the Web."

If you decide to go ahead and sell the gold for its value as metal, you need to figure out about how much gold is in the items and what it's worth.

Gold is often mixed with other less valuable metals.(And it is sometimes mixed with platinum, which is even more valuable than gold.) The purity of gold is indicated in karats -- 24k is pure gold; 18k is 75 percent gold; 12k is 50 percent gold, and so forth.

“Old World Primate (Wandura)”

Since: Feb 09

Weaverville

#6 Mar 25, 2009
melted wrote:
Q.With all the advertisements from companies wanting to buy gold, if I were to try to sell mine, how would I know if I am getting a fair price?-- S.V.
A. Despite all the ads that make it look like easy money, you will need to do some homework before selling your gold.
The first thing to consider is whether your gold is more valuable in its current form -- as jewelry or coins, for example -- or as scrap gold.
"For coins, I would take them to a local certified independent appraiser, who can determine the value and also refer persons to a credible local jewelry store," said Helen Haire, a local jewelry appraiser and graduate gemologist. "You can find a list of appraisers who live in the area on the Web."
If you decide to go ahead and sell the gold for its value as metal, you need to figure out about how much gold is in the items and what it's worth.
Gold is often mixed with other less valuable metals.(And it is sometimes mixed with platinum, which is even more valuable than gold.) The purity of gold is indicated in karats -- 24k is pure gold; 18k is 75 percent gold; 12k is 50 percent gold, and so forth.
This is not the proper place for your golden advice, dip wad!
Gipper

Greenville, SC

#7 Mar 25, 2009
I would hope that any sane Judge would deny the current owner a bankruptcy hearing until AFTER the investigation is complete.
Midas

Savannah, GA

#9 Mar 25, 2009
Wow! Am I glad Melted made the post. I feel so much better about sending my jewelry to the smelting plant.

How about the foreclosure, bankruptcy and arsen?
Ghost of Richmond Jr

United States

#10 Mar 25, 2009
Midas wrote:
Wow! Am I glad Melted made the post. I feel so much better about sending my jewelry to the smelting plant.
How about the foreclosure, bankruptcy and arsen?
It was an obvious attempt at irony that went over a lot of heads.

The property is more valuable to a developer without that whole pesky "historical landmark" thing sitting in it. Now, they are free to sell it as "scrap metal."
Midas

Savannah, GA

#11 Mar 25, 2009
Thanks for pointing that out. It did go over my head.
robroy

United States

#12 Mar 25, 2009
Gray bought the Inn for $10.4m and then tried to sell it for $15m and had NO OFFERS despite what may
have been said.As DT Pearson said Gray was Not
paying even the interest on the note which was $1400/day.Gray on TV denied who he was and people
that have booked the Inn have said on TV that they don't know if they will get their $$ back,which probably will result in several lawsuits.This says
alot about Gray.There have been several lie detector tests done with all passing.
However ONE key person has refused and has said to
talk to their attorney.
In the long run I feel very sorry for the Note
holder.The Inn was a beautiful place that I enjoyed
and looked forward to going back to.
I'm just waiting for the CRIMINAL INDICTMENTS!!!!
haj

Greenville, SC

#13 Mar 25, 2009
The RHI owners didn't pay their bills, were headed for foreclosure, then bankruptcy, and now they're looking to develop MORE property?

Here's hoping that nobody will loan them the money, and that nobody will partner with them in the future.
Doubting Thomas Pearson

Weaverville, NC

#14 Mar 25, 2009
robroy wrote:
Gray bought the Inn for $10.4m and then tried to sell it for $15m and had NO OFFERS despite what may
have been said.As DT Pearson said Gray was Not
paying even the interest on the note which was $1400/day.Gray on TV denied who he was and people
that have booked the Inn have said on TV that they don't know if they will get their $$ back,which probably will result in several lawsuits.This says
alot about Gray.There have been several lie detector tests done with all passing.
However ONE key person has refused and has said to
talk to their attorney.
In the long run I feel very sorry for the Note
holder.The Inn was a beautiful place that I enjoyed
and looked forward to going back to.
I'm just waiting for the CRIMINAL INDICTMENTS!!!!
I'm very curious who refused the lie detector. That speaks volumes!
double speak

Hickory, NC

#15 Mar 25, 2009
i will reiterate my comments made under Gray's "statement" that he released, Gray was well known to be an alcoholic that even his wife could no longer stand. The property was completely closed down the night of the fire except for Gray's presence in the Garden Pavilion. I imagine his sleazy self stewing in his room, drinking the remnants of a once wonderful wine cellar and drunkenly deciding that if he could not have Richmond Hill, then no one could. In all my years in hospitality I have known many millionaires, and Gray tops the list of not only the sleaziest and most immoral, but he is also the one stupid enough to think that he could get away with something like this. I sincerely hope the investigators will pursue this investigation and indictment for all it is worth. My main fear is knowing the only people Gray has ever been willing to pay a decent wage are his lawyers and publicists. They will fight hard to exonerate this guy, but I hope the people on the side of truth and justice will fight even harder.
Half Baked

Fayetteville, NC

#16 Mar 25, 2009
double speak wrote:
i will reiterate my comments made under Gray's "statement" that he released, Gray was well known to be an alcoholic that even his wife could no longer stand. The property was completely closed down the night of the fire except for Gray's presence in the Garden Pavilion. I imagine his sleazy self stewing in his room, drinking the remnants of a once wonderful wine cellar and drunkenly deciding that if he could not have Richmond Hill, then no one could. In all my years in hospitality I have known many millionaires, and Gray tops the list of not only the sleaziest and most immoral, but he is also the one stupid enough to think that he could get away with something like this. I sincerely hope the investigators will pursue this investigation and indictment for all it is worth. My main fear is knowing the only people Gray has ever been willing to pay a decent wage are his lawyers and publicists. They will fight hard to exonerate this guy, but I hope the people on the side of truth and justice will fight even harder.
He has a scary past-Read the link and excepts from Roanoke times towards the bottom
http://waldo.jaquith.org/blog/2005/05/gibson-...
Doubting Thomas Pearson

Weaverville, NC

#17 Mar 25, 2009
Half Baked wrote:
<quoted text>He has a scary past-Read the link and excepts from Roanoke times towards the bottom
http://waldo.jaquith.org/blog/2005/05/gibson-...
More to that story (copy & paste into your browser). Let's see the PR firm "spin" this :-) Can we not run this sick SOB out of town!?!?!?!

http://publicdocs.medbd.ca.gov/pdl/Image.aspx
double speak

Hickory, NC

#18 Mar 25, 2009
Thanks Half-Baked. That link WAS scary. Once again truth is more disturbing than fiction. My intuition and experience told me this guy was really shady, but the allegations in that link take it to a whole new level. Obviously Gray has been getting away with highly immoral activities for quite some time. I hope and pray that his run has ended.
Found It

Boiling Springs, SC

#19 Mar 25, 2009
More to that story (copy & paste into your browser). Let's see the PR firm "spin" this :-) Can we not run this sick SOB out of town!?!?!?!

Had trouble finding this,but this seemed to work

http://publicdocs.medbd.ca.gov/pdl/mbc.aspx Had to then put in the owners name. Not sure what it has to do with the fire, but shows the character of the person!
Ghost of Richmond Jr

United States

#20 Mar 25, 2009
Holy smokes! 8 counts of sodomy, and 8 other assorted charges of "misconduct."
Doubting Thomas Pearson

Weaverville, NC

#21 Mar 25, 2009
Ghost of Richmond Jr wrote:
Holy smokes! 8 counts of sodomy, and 8 other assorted charges of "misconduct."
I wonder if ol' Susie will stand by her man now!

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