08.04.2010 Project News No Comments

Margaritaville gets nod for $100M resort

The city of Hollywood, Fla., said it would give the first shot at a $100 million beach resort development project to Margaritaville Enterprises.
The Miami Herald reported Thursday that it came down to a choice between the themes of “Cheeseburger In Paradise,” and “Somewhere Over the Rainbow,” the themes proposed, respectively, by Margaritaville and Planet Hollywood
.
It [...]

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08.04.2010 Project News No Comments

Tapatio resort files for bankruptcy

In anticipation of new ownership, bankruptcy petitions were filed Tuesday by the Tapatio Springs Resort and Conference Center and a related firm, the Kendall County Development Co.
“It was a planned move,” Michael Shalit, partner in the two Boerne-area businesses and a nearby utility that’s also part of the pending deal, said of the Chapter 11 [...]

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08.04.2010 Project News No Comments

Developers appeal CdA’s rejection of golf course, gated community

A Las Vegas development firm that wants to build a gated community and golf course on Lake Coeur d’Alene is appealing the denial of the project to the Idaho Supreme Court.
An attorney for Kirk-Hughes Development told justices Tuesday that the Kootenai County commissioners’ repeated denial of Chateau de Loire was the result of arbitrary decision [...]

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08.04.2010 Project News No Comments

Blue Lagoon Island Resort for Sale on Ebay for 25 Million EURO

The island is home to a world class resort development (80% complete), with an estimated completion of 6 to 9 months.
The main complex, comprising the lobby, lounge, dining pavilion, meeting facilities and full service spa, soars 100 feet above the turquoise lagoon, offering sublime vistas and spectacular sunsets. The lavish private villas are scattered along [...]

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08.04.2010 Project News No Comments

Len Barrie’s B.C. resort in court protection

A Vancouver Island resort development with a high-profile owner was placed under court protection from creditors in late March.
Bear Mountain Resort is run by a partnership headed by Len Barrie, the former NHL player and former owner of the Tampa Bay Lightning.
Barrie said in a statement the partnership agreed not to oppose an application to [...]

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08.04.2010 Project News No Comments

Viceroy Hotel Group To Debut Viceroy Maldives Luxury Resort In December 2010

Viceroy Hotel Group announced today that the company will unveil the newest addition to its growing Viceroy Hotels and Resorts collection with the December 2010 opening of Viceroy Maldives. The property is being developed by Maldives-based, luxury hotel developer, EoN Resorts (EoN), in partnership with Mubadala Development Company (‘Mubadala’).
Viceroy Maldives, a luxury resort, is currently [...]

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08.04.2010 Project News No Comments

Baha Mar Resorts, Ltd. Finalizes Historic Agreements With Chinese Banking and Construction Partners

The agreements include financing arrangements of $2.5 billion by Export-Import Bank of China, with construction accords designating China State Construction and Engineering Corporation as the project’s general contractor; and an investor agreement between Baha Mar and China State Construction, which will assume a minority equity interest. Baha Mar is an unprecedented resort development in The [...]

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08.04.2010 Project News No Comments

Copper Mountain’s new owner dusts off love of outdoors

The village was built and is owned by another company. The condos are developed and sold. The ski hill is an island in a state dominated by the biggest resort companies in the country. The mountain must battle an ingrained season-pass war that has prices hovering at 1970 levels.
So what compelled Utah’s Powdr Corp. to [...]

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08.04.2010 Project News No Comments

INVESTORS WANTED-RESORT DEVELOPMENT

(ran across this recently… I had heard from a colleague things were stalled in T&C… Here’s an effort to get things moving again… bc )
INVESTORS WANTED FOR RESORT DEVELOPMENT IN CARIBBEAN. Developers of $128MM mixed use project in the Turks and Caicos Islands seek joint venture investors willing to invest $35MM-$50MM for major profit return. [...]

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31.03.2010 Project News No Comments

Nervous in Nevis With Four Seasons Hotel Down

The Caribbean might be relaxing for vacationers, but it is often anything but for owners of resorts. Case in point: the tiny island of Nevis, where two creditors are trying to force into bankruptcy a hurricane-ravaged Four Seasons resort.
Hotel investor Maritz Wolff & Co. purchased the 196-room hotel in 1996. Three years later, Hurricane Lenny [...]

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