The debtor cleared the central sale milestone at the May 5 hearing: the court granted Star Island Vacation Ownership Association’s sale motion and overruled limited objections from timeshare owners Young and Watkins, with proposed orders due within three days under the local rule, according to the Hearing Proceeding Memo. The memo is not the official order, but it records the sale ruling that restructuring professionals were tracking.

The sale papers describe a $7 million transaction with Star Island Development Corp. for four buildings at the Star Island Resort in Kissimmee, Florida, covering 184 units and related common areas. The debtor argued the deal followed an extensive marketing process that produced no other qualified bids, and that the remaining owner objections sought release and post-closing obligation clarity rather than blocking the sale itself, as set out in the Sale Support Memorandum. The sale remains tied to the debtor’s broader effort to resolve co-owner and timeshare-interest issues, but the hearing result moves the case from marketing and objection management toward order entry and closing execution.