Blue Rose Backers in Bankruptcy?

According to this weeks Orlando Business Journal (OBJ), the backers of the Blue Rose condo hotel project, could be forced into bankruptcy.

A UK-based equity partner, Jaymar Estates, filed a Chapter 7 petition against Blue Rose Orlando LP in Miami. According to the OBJ, South Florida developer Camilo Aguirre labelled the petition as “ridiculous”. He claims the developer will file a motion to dismiss it and describes the action as a “power play” to take over the project.

1 Comment

  1. well, i think this is way to much & expensive place any way to buy ,
    that project sould be cheaper price ,
    like that it will be more affordable…
    Thank you

Leave a Reply

Your email address will not be published.