BankOfAmerica

Bank Of America's New Green Hotel

Guests visiting Bank of America's headquarters in Charlotte, North Carolina will soon have a more luxurious place to stay. As USA Today's Hotel CheckIn reports, the nation's largest bank is opening up a new Ritz-Carlton hotel across the street from its corporate headquarters.

The 18-story building will have a 12,000 square-foot penthouse wellness center, a street-side BLT Steak restaurant and 147 rooms including a 2,900 square-foot Presidential Suite. It will be the first LEED-designed new hotel in Charlotte, North Carolina and is being built for LEED Gold Certification making it the first green hotel under the Ritz-Carlton umbrella. The Ritz-Carlton, Charlotte at Bank of America Center is scheduled for completion in October 2009.

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Tags: bank of america, BankOfAmerica, charlotte, green hotel, GreenHotel, leed, ritz-carlton

Bank Of America Buys Exec's Slow Selling Home

by Deidre Woollard (RSS feed) —

What happens when an executive gets a transfer and can't sell their house? In some cases, no need to worry, your company will buy your slow seller. Bloomberg tells the story of Barbara Desoer, who put her house in Charlotte, North Carolina, on the market in August for $1.675 million when she was named head of Bank of America Corp.'s real-estate unit, Countrywide Financial Corp., in Calabasas, California. She and her husband had bought the home in 2000 for $1.15 million. It sold in December, to Bank of America which has put the home up for sale for $1.295 million. A proxy statement reveals that Bank of America will cover costs associated with the sale of the Desoers' house, plus $1.5 million for costs on their new home in California and another $1.1 million for tax-related costs.
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The home is in one of Charlotte's priciest neighborhoods where the inventory of million-dollar homes on the market is very high. It would take years to sell just what is available now reports a local real estate agent. In Charlotte, which is home to Bank of America, home sales have been falling since June 2007. Wells Fargo & Co.'s purchase of Charlotte-based Wachovia, could mean more job cuts and more homes on the market.

Gallery: A Bank of America Exec's Charlotte Home

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Tags: bank of america, BankOfAmerica, barbara desoer, BarbaraDesoer, charlotte, north carolina, NorthCarolina

Bank Of America To Sell Off Jets

by Deidre Woollard (RSS feed) —

Filed under: Wings

Bank of America has become the latest company to put its jets on the market. The Financial Times says that the beleaguered bank is selling three corporate jets plus a helicopter it got when it picked up Merrill Lynch. A New York City corporate apartment belonging to Bank of America may also be for sale. The bank's stock share prices have dipped to new lows amid questions of whether it might require more government cash to stay afloat. Bank of America is said to have nine corporate jets including four Gulfstreams registered to it as of December and the Merrill Lynch acquisition also brought along a Bombardier Global Express jet which is not up for sale.The news follows the fact that both Citigroup and Starbucks have put planes on the market recently. As I've said before, if you are in the market for a used private plane now is the time to start shopping.

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Tags: bank of america, BankOfAmerica, corporate jets, CorporateJets

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