Douglas F. Manchester (with Douglas W. Manchester, right) couldn’t have bought better press from the La Jolla Light.
The La Jolla Light, owned by mega-millionaire Douglas F. Manchester, is out with a glowing filial profile of the U-T publisher and the hotel he is building in Austin, Texas.
“For Manchester, the venture is close to home,” notes the piece. “His son, Douglas W. Manchester, president of Manchester Texas Financial Group, is overseeing all aspects of the development and this is the first major collaboration between father and son.” Recalls the elder Manchester: “When Douglas found the empty lot, we decided that we would try to emulate what we did here in San Diego with our experience in developing a convention center hotel.”
Concludes the story, which doesn’t get around to mentioning Manchester’s relationship with the Light: “Douglas W. Manchester commented that he couldn’t ask for a better mentor, business partner and best friend in his father, who has shared with him his invaluable lessons in real estate development.”