Frank L. Flautt

Mr. Flautt began his career in hospitality in 1963, joining Holiday inns, Inc. as Director of U.S. Franchise Sales and became Senior Vice President of International Franchise Sales, which granted licenses to all franchises outside of the United States. After a successful 6 years, he left Holiday Inns to become the President of W.B Johnson Properties (owner of the Ritz Carlton Hotel Company). In 1974, Mr. Flautt formed Flautt Properties, Inc., which offered a full range of real estate services including development, construction, supervision, management and accounting. Executives of Holiday Inns, Inc. named 8 of the hotels managed by Flautt Properties in its worldwide system's Top Twenty Inns. Additionally, the company won numerous development awards. In December 1990, when Mr. Flautt sold his 100% interest in Flautt Properties to more actively pursue the expansion of Sandcastle Resorts, the company was managing 18 hotels. In 1990 in addition to continuing to develop hotels, Mr. Flautt began developing condominium projects throughout north and south Florida.