Ritz-Carlton, Fort Lauderdale condo association files for bankruptcy
The condo association that governs the Ritz-Carlton, Fort Lauderdale condo-hotel filed for bankruptcy after losing a legal fight with two hospitality investment giants. The Castillo Grand Hotel Condominium Residences Association (CGHCRA), which governs the condo-hotel units at the property, filed for Chapter 11 restructuring in U.S. Bankruptcy Court in Fort Lauderdale on Tuesday, the South Florida Business Journal reported. The move followed years of litigation with the owners of the hotel at 1 North Fort Lauderdale Beach Boulevard, affiliates of New York-based Brookfield Properties and Chicago-based Watermark Capital Partners. The bankruptcy filing blocks the Brookfield affiliate from collecting on $7.9 […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
North Palm Beach town center redevelopment tied up in lawsuits
Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality
SJC sells Whole Foods complex for $83M amid investor appetite for grocery-anchored real estate
Prominent trial attorney finds buyer for waterfront Boca mansion once owned by Sheetz magnate
South Florida’s top deals: OKO, Cain sell Una Brickell penthouse for $18M
Advertising Real Estate-Related Products and Services
FCC Update on Drones with LiDAR Obstacle Avoidance
Appeals Court Quashes Homie Appeal, Delivers NAR VictoryAppeals Court Quashes Homie Appeal, Delivers NAR Victory
RE Q&A: Should I Add My Daughter’s Name to My House Deed to Avoid Probate Costs?
Solar Panels – Questions to Ask Before Contract
