Colony selects redeveloper

Discussions stretched for 15 hours Saturday and another eight hours Sunday.

But, by Sunday night, when the nine board members of the Colony Beach & Tennis Association voted, their choice for the company to redevelop the historic resort, which has been shuttered since August 2010, was unanimous: Broomfield Colo.-based Club Holdings LLC.

Colony unit owners were notified of the decision Tuesday morning in an email from board President Jay Yablon. He described the search process that began October 2010 with 16 candidates and eventually was narrowed to four plans: those presented by Club Holdings LLC; Colony unit owner Andy Adams and his AdamsMark LLC; Arendee Colony, represented by Randy Langley and David Siegal; and Naples-based Coral Hospitality.