Kauai, Hawaii Hawaii Vacation Rentals Hanalei Bay Resort
Hawaii News |  Maui News |  Kauai News | 


Lava on Hawaii continues moving through vacant lot
PAHOA, Hawaii (AP) ? Lava from Hawaii's Kilauea volcano continues to move slowly through a vacant lot in a rural subdivision.

New Projects Expand REC Solar?s Hawaii Footprint to 27 MW
REC Solar, a national leader in commercial solar system design and installation, today announced growing momentum across the state of Hawaii, with the completion of six solar energy systems for Hawaii?s historic Dole Plantation and W.M.

Lava from Hawaii volcano continues to move slowly through vacant lot, likely bypassing homes
Lava from Hawaii's Kilauea volcano continues to move slowly through a vacant lot in a rural subdivision.

Hawaii closes out much needed victory over Northern Iowa at home, 27-24.
The Warriors couldn't finish against Washington or Oregon State, but Norm Chow finally got his first win of 2014 over FCS power Northern Iowa. After coming so close in Weeks 1 and 2, Hawaii finally got a much needed win over FCS Northern Iowa on Saturday at Aloha Stadium, 27-24. The 'Bows picked up their first win of the year after losing the first two games of the season by eight points or less ...

Hawaii: Bike tour lets you see the Big Island, burn some calories
Adventure travelers can work off the pounds they may gain during the holidays on cycling trips across Hawaii?s Big Island.

Hawaii.gov wins government website award
The State of Hawaii's main web portal was named "Best Government Website" as part of the Web Marketing Association's 2014 WebAwards .  The annual competition is recognized as the premier industry-based Website award program in the world. More than 1,500 entries from 40 countries were judged in 96 industry categories on design, ease of use, copywriting, innovation, content, interactivity ...

Hawaii road crews preparing for approach of lava
PUNA, Hawaii (AP) ? Road crews on Hawaii's Big Island have begun clearing access roads in case a lava flow from a nearby volcano cuts a main highway.

Hawaii holds off Northern Iowa 27-24
HONOLULU (AP) -- Steven Lakalaka rushed for a career-high 124 yards and a touchdown as Hawaii beat Northern Iowa 27-24 Saturday.

Hawaii Football: Scott Harding named MWC Special Teams Player of the Week
The former Australian Rules Football player wins his first Player of the Week honors in his career at Hawaii After punting a career high 11 times for an average of 38.7 yards per punt in Hawaii's win over Northern Iowa, Scott Harding has been named the Mountain West Special Teams Player of the Week. .@HawaiiFootball's Scott Harding has been selected as the #MWFB Special Teams Player of the Week ...

Data energy startup Bidgely heads to Hawaii to cut energy consumption
Bidgely, a startup that uses algorithms to dig into smart meter energy data, has teamed up with the Hawaiian energy-focused accelerator program, Energy Excelerator, on a new project to reduce the energy ...

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.

0 Comments:

Post a Comment

<< Home