September 12, 2008

Kitty Hawk Land's Mickey Hayes to Retire - Capping More Than 30 Years of Success on the Outer Banks

KITTY HAWK, N.C. (Sept. 12, 2008) -- Kitty Hawk Land Company President Mickey Hayes will retire this month, capping a highly successful 32-year career as a well-respected developer of Outer Banks communities, parent company Boddie-Noell Enterprises announced today.

"Nobody’s more deserving of being able to slow down and relax than Mickey Hayes with all he’s accomplished as one of the best developers in this part of the country,” said Boddie-Noell Chairman Mayo Boddie, Sr. “Mickey is practically a legend on the Outer Banks for his success with quality resort and residential projects.”

Hayes, who joined Kitty Hawk Land Company in 1976, was involved in the development and sales management for the Southern Shores community and later with The Currituck Club resort and golf course community at Corolla. He has been president of Kitty Hawk Land since 1985 when the company was acquired and became a division of Boddie-Noell.

“Mickey is a local legend with exceptional knowledge of the Outer Banks real estate market and he has a true vision for quality developments,” said Doug Anderson, president of BNE Land & Development which is responsible for Boddie-Noell’s non-restaurant real estate and development activities. “His contributions to our company are immeasurable, and he will be greatly missed.”

With Hayes’ retirement, Anderson said Kitty Hawk Land will remain focused on the completion and sales of the company’s three newest projects – Marshes Light, a residential and retail development on Manteo’s historic waterfront; Arlington Place. a waterfront community on the Neuse River near New Bern; and Viniterra, a gated residential community between Richmond and Williamsburg, Va., that features a Rees Jones 18-hole championship golf course, a winery and other resort-style planned amenities.

A Virginia Beach, Va., native and graduate of Virginia Tech who remains actively involved in alumni affairs, Hayes is a landscape architect and designer who brought that skilled eye and creativity into developments he launched. He also has a successful real estate sales career in both North Carolina and Virginia, having been involved in sales management in Sandbridge Beach, Va., Sugar Mountain, N.C, and Bald Head Island, N.C. where he achieved successful results for the island development in the 1970s.

Hayes was later involved in the development of the Spindrift, SeaPines and OceanCrest communities in Duck and the WatersEdge community in Colington Island. The culmination of his success may have been The Currituck Club, the award-winning resort development in the Corolla area, a 600-acre golf course community with more than 700 residential homes built around the 18-hole Rees Jones-designed golf course. The project began in 1995 through a partnership of Boddie-Noell and landowner members of a historic waterfront gun club. The course was named one of the Top 10 new golf courses in America in its first year by Golf magazine. More than $350 million worth of property has been sold by the Currituck Club sales team since marketing began in 1996 and the resort won an Urban Land Institute award for use of environmentally sensitive golf course design innovations.

“There’s no doubt that The Currituck Club is associated with Mickey Hayes as much as any individual,” notes Boddie-Noell Vice Chairman Nick Boddie.

For more information about Kitty Hawk Land Company, visit www.kittyhawklandcompany.com