ritz kapalua foreclosure: Lehman puts Ritz-Carlton Hotel, Kapalua up for sale: May, 2013
- 05/09/13 02:41 PM
Lehman Brothers Holdings puts the Ritz-Carlton, Kapalua Hotel up for sale Just two years after Lehman Brother's Holdings foreclosed on the Ritz-Carlton, Kapalua, it was announced by Jones Lang LaSalle's Hotel and Hospitality Group that the Kapalua Resort's 54 acre oceanfront gem, and The Ritz-Carlton Hotel Company's only Hawaii hotel, is now being offered for sale. The Ritz-Carlton, Kapalua Hotel was previously owned by W2005/Gengate Realty. In July, 2011, Lehman, the original lienholder who had financed the hotel prior to their own bankruptcy, foreclosed on the property at $95,000,000. The proceeds from the sale of the property will go toward paying Lehman's creditors as they prepare to exit Chapter 11 … (6 comments)
ritz kapalua foreclosure: Ritz-Carlton Residences, Kapalua Foreclosure Auction December 3, 2012
- 12/03/12 06:17 AM
I attended the foreclosure for the Ritz-Carlton Residences, Kapalua Bay today, which took place today on the courthouse steps in Honolulu. With just two bidders, the opening bid was Ritz Carlton Development, with an opening bid of $52 million. The second and highest bid was Island Acquisitions, with a bid of $55 million. This is for the bulk purchase with no separate or individual sales of 56 residential and 5 commercial fee simple apartments in the “Kapalua Bay Condominium” 567 club interests in the Kapalua Bay Vacation Ownership, Project consisting of undivided 1/12 interests in various condominium units (which specific units are available … (0 comments)
Author Bio: Courtney Brown is a Realtor with Island Sotheby's International Realty in Maui, Hawaii. Courtney was born here in Maui and educated at Smith College. She specializes in Maui real estate, with a focus on second homes, oceanfront, and resort properties in Kapalua, Napili, Kaanapali, and West Maui. p>
Lehman Brothers Holdings puts the Ritz-Carlton, Kapalua Hotel up for sale 
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