I've been hearing from sources that Countrywide, despite cancelling an expensive ski junket to Colorado, is planning two even bigger events in Hollywood, Fla.
Now comes confirmation from a source at The Westin Diplomat Resort & Spa that Countrywide Financial has booked the location for two different events, one starting next Wednesday -- lasting a week -- the second, happening at the end of April.
Those familiar with the details say the first event is for 300 people, the second event will be much larger. Who's coming and why, I don't know. Is it for clients? Countrywide employees? People being foreclosed on? Florida has one of the highest foreclosure rates in the nation.
We have asked Countrywide for information -- and to confirm whether the trips are still on -- but haven't heard back yet.
The Westin Diplomat is described as a resort with "luxurious accommodations, magnificent views, and an experience sure to inspire renewal." Rooms start at $400 a night (yes, that's where they start), but can go up to $1,000 for a "Club Floor Suite."
One source tells me Countrywide spends "about $4,000 per guest and $5-6 million combined," and that the events include "parties/dinner every day, celebrity entertainment, activities, suite upgrades, private jet usage for execs, gifts, etc., etc."
I'll let you know what the company says, if anything. It has not responded to our questions recently.
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