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500-Year-Old Traces of Monster Hawaii Tsunami Discovered
A powerful earthquake in Alaska sent towering waves up to 30 feet (9 meters) tall crashing down on Hawaii about 500 years ago, leaving behind fragments of coral, mollusk shells and coarse beach sand in a sinkhole located on the island of Kauai, new research finds. The quake, likely a magnitude 9.0, sent the mighty waves toward Hawaii sometime between 1425 and 1665, the study found. It's possible ...

Could a tsunami destroy Hawaii?
Scientists have found evidence of a massive tsunami that devastated Hawaii some five centuries ago, prompting Aloha State officials to greatly expand their tsunami evacuation plans. 

Ana downgraded to tropical storm; Hawaii relaxes
HONOLULU (AP) ? Hawaii residents started to relax Sunday after days of keeping a cautious eye on Hurricane Ana, which was downgraded by late afternoon into a tropical storm.

Hawaii scientists return to ocean for weapon study
University of Hawaii scientists plan to embark on a final expedition to deep waters off Oahu to study how chemical weapons dumped in the ocean decades ago are affecting seawater, marine life and sediment.

Latinos fastest-growing ethnic group in Hawaii
HILO, HAWAII ? Hilo, Hawaii is nearly 2,500 miles from the mainland of the United States and even further from Mexico, Central America and South America. But for Hispanics who move here, it can feel like familiar territory.

Hawaii transfer Kirkwood making impact at Temple
For some, making the decision to leave Hawaii - especially when you are there on someone else's dime - would be the working definition of paradise lost.

Hawaii rides out storm, no reports of serious woes
A Pacific tempest packing hurricane force winds brushed Hawaii over the weekend with heavy rain, high surf and strong winds, but the islands rode out the storm with no reports of any serious problems. ...

Hawaii rides out Hurricane Ana, no reports of serious problems
A Pacific tempest packing hurricane force winds brushed Hawaii over the weekend with heavy rain, high surf and strong winds, but the islands road out the storm with no reports of any serious problems.

Ana turns away from Hawaii as tropical storm - FOX NEWS WEATHER CENTER
HONOLULU ? Hawaii residents started to relax Sunday after days of keeping a cautious eye on Hurricane Ana, which was downgraded by late afternoon into a tropical storm.

Hawaii tourism experts say Ebola scare has yet to impact isles
So far the fear of contracting Ebola has not infected Hawaii's tourism market.

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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