Humble start yields fortune in Syracuse hotel, leasing empire
A former employee says Bennett could sell snow to Eskimos as he built a fortune from two Syracuse hotels and a Fleet of leasing firms. Colleagues praise his work ethic and entrepreneurship, tracing rises from foster care to Marine service, then GE sales and a string of ventures. The Bennett story blends charity, politics, and a long legal battle with Rockefeller-affiliated investors before building Bennett Funding Group with offices, dealer endorsements, and more than 10 investors backing lease programs for office equipment.
MENTIONED IN THIS ARTICLE
John Lynch
Bennett
Syracuse
Buck Guy
Ann Marie Tabercio
Local 150
Hotel Employees and Restaurant Employees Union
Syracuse Square
Quality Inn North
Tabercio
Bennetts
Cuse
Blodgout
Pacific
DeVry Technical Institute
Chicago
Kathleen A. McCarthy
General Electric
State Assembly
Mort Gallivan
Transportation Microwave Corp
Camparty
Rockefeller
Southern Pacific Co
Sprint
Rockefellers
Aloha Leasing
Court Street
Richard Clarke
Konica Business Machines USA
New York City
Bennett Group Company Network Summary
The Bennett group includes Bennett Funding Group and Alpha Leasing Finances leasing office equipment, Resort Funding formed in 1984 for timeshare financing, Processing Center handles credit billing and collections, Bennett Travel Management serves clients and the public, Camecon DeWitt and Associates (acquired 1989) is a stock brokerage, The Quality Inn North and Days Inn North in Liverpool (acquired 1985), and Resort Management and Development Corp (1987) provides admin consulting sales and planning for the resort industry.
MENTIONED IN THIS ARTICLE
Bennett Funding Group Inc
Alpha Leasing
Resort Funding Inc
The
Processing Center Inc
Bennett
Bennett Travel Management
Camecon, DeWitt and Associates
Liverpool
Resort Management and Development Corp
Bennett builds high yield insured leases for government users
Michael Bennett markets tax exempt investments backed by schools cities and other governments. He notes all investments are insured and processing is handled from his downtown headquarters. Bennett reports growth from 21.4 million in 1983 to 200 million expected this year and 14.5 million family equity in 1991. He aims to expand into office telecom leasing and notes recent consolidation at the Atrium while hotel redevelopment talks involving the Hotels at Syracuse Square face bankruptcy.
MENTIONED IN THIS ARTICLE
Bennett
North Side
Bennet
Thompson Road
Syracuse Square
Salina Meadows
Salina
Bennetts
Daniel Coleman
Washington, D.C
Michael Bennett
Murphy
U.S. Bankruptcy Court
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Bud" Bennett
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