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Feb. 19, 2010

HOSPITALITY

WILMINGTON, Del. - East West Resort Development V LP LLLP, a developer of luxury ski resorts and mansions, including a golf course near Lake Tahoe, filed for bankruptcy due to its inability to secure funding to maintain its properties. According to media reports, the affiliate of East West Partners Corporate and Barclays Capital said it was forced into bankruptcy due to a 60 percent drop in real estate sales and an inability to arrange loans for its properties, which include the $100 million Tahoe Club in Truckee. The company's affiliate also owns the Ritz-Carlton Highlands in North Lake Tahoe.

WILMINGTON, Del. - East West Resort Development V LP LLLP, a developer of luxury ski resorts and mansions, including a golf course near Lake Tahoe, filed for bankruptcy due to its inability to secure funding to maintain its properties.

According to media reports, the affiliate of East West Partners Corporate and Barclays Capital said it was forced into bankruptcy due to a 60 percent drop in real estate sales and an inability to arrange loans for ...

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