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Consolidated Resorts, Inc. Bankruptcy Case

Consolidated Resorts, Inc.

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Current stage: Filed
Future stage: DIP financing
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Case No.: 09-22035
Court: Nevada
Judge: Linda B. Riegle

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Case No.: 09-22035
Court: Nevada
Judge: Linda B. Riegle
Petition date: Aug 4, 2009
Industry: Timeshare, Real Estate

Consolidated Resorts, Inc. is a Las Vegas, Nevada-based timeshare developer and vacation ownership sales company operating resorts in Las Vegas, Maui, Kona (Hawaii), and Florida through subsidiaries including Consolidated Maui, Inc., Consolidated Kona, Inc., and Soleil LV, LLC. It reported approximately $244 million in vacation ownership sales in 2008. The company was 100% owned by W2007/ASNY Holdings, LLC—75% by Whitehall Global Real Estate Limited Partnership 2007, a Goldman Sachs–sponsored real estate fund, and 25% by The ASNY Company, LLC, controlled by founder and CEO Arthur Spector.