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Hawaii hopes to fend off invasion by coconut rhinoceros beetle
Visitors flock to the Hawaiian Islands for sun-soaked holidays filled with silky beaches, turquoise water, lush green hillsides ? and naked palm trees missing their leafy crowns?

UC Irvine beats Hawaii 78-72 for fourth straight win
HAWAII (AP) -- Will Davis II had 17 points, Alex Young scored 15 and UC Irvine held off Hawaii 78-72 on Saturday night.

Businesses plan to reopen as Hawaii lava flow stalls
By Karin Stanton KAILUA-KONA, HAWAII (Reuters) - The leading edge of a lava flow from a volcano that threatened a commercial center on Hawaii's Big Island appeared on Friday to have stalled again, prompting several businesses to make plans to reopen their doors. The front of the flow, one of three fingers of lava approaching Pahoa Village from the Kilauea Volcano's June 27 eruption, is less than ...

First major retailer to reopen after Hawaii lava scare
HILO, Hawaii (AP) ? A drugstore plans to reopen next week in the small Hawaii town that's being threatened by a slow-moving lava flow, making it the first major retailer to return since molten rock prompted several businesses to evacuate last month.

First major retailer reopens after Hawaii lava scare
A drugstore plans to reopen next week in the small Hawaii town that's being threatened by a slow-moving lava flow, making it the first major retailer to return since molten rock prompted several businesses ...

Valdes, Hawaii knock off UC Davis 84-76
HONOLULU (AP) -- Aaron Valdes has 21 points and Hawaii knocked off the last unbeaten team in the Big West Conference with an 84-76 win over UC Davis on Thursday night.

Desiree Hartsock, Chris Siegfried Honeymoon in Hawaii After Tying the Knot in California: Details
Chris Siegfried and Desiree Hartsock are honeymooning in Hawaii. Credit: Tom Briglia/Getty Images

Wedding Spot Partners With Starwood Hawaii to Further Expand Its Services
Wedding Spot, Inc., the leading online marketplace to help future brides and grooms search, price and book wedding venues, today announced a partnership with Starwood Hawaii that will make it easier for ...

Hawaii's physician shortage grew 20 percent during past year
Hawaii's doctor shortage is getting worse, and it's getting especially difficult to find a physician on its neighboring islands. The state is nearly 900 doctors short of the amount it should have based ...

Hawaii County mayor ends waste-to-energy incinerator plans
Hawaii County Mayor Billy Kenoi says he's halting efforts to build a waste-to-energy incinerator on the Big Island.

Wednesday, March 10, 2010

Celebrity Resort Files for Chapter 11 Bankruptcy Protection

March 09, 2010

Celebrity Resorts LLC and its affiliates have filed for Chapter 11 bankruptcy protection, listing tens of millions in estimated liabilities.

The Orlando-based time-share company listed just two unsecured creditors, International Escrow Services of Atlanta and Resort Condominiums International of Carmel, Ind. But about three dozen other filings, including Celebrity Resorts of Orlando LLC and Celebrity Resorts of Lake Buena Vista LLC, listed pages of additional creditors.

In the bankruptcy filings, the company's chief executive officer, Jared Myers, said he is owed $680,812 in unpaid compensation. A lawyer for the company could not be immediately reached for comment.

Celebrity Resorts began showing signs of distress as early as July 2008, when it announced it was cutting an unspecified number of jobs and eliminating an area of its marketing business that was unprofitable.

According to the time-share company's Web site, Celebrity Resorts has properties in 13 locations across the U.S. The company was formerly known as Resort World, a family-owned business that started selling time shares in the Caribbean in the 1970s and then in the Orlando area in the 1980s.

In August 2008, Celebrity purchased Quintus' interest at Hanalei Bay Resort in Kauai. Condo and timeshare owners at Hanalei Bay Resort soon became unhappy with Celebrity's management and began trying to oust them. Owners were sucussful in removing Celebrity as manager late last year by buying out their contract. Terms of that contract are undisclosed.

Celebrity still owns the restaurant and lounge at Hanalei Bay Resort.


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