{"id":360201,"date":"2025-11-06T16:55:29","date_gmt":"2025-11-06T16:55:29","guid":{"rendered":"https:\/\/www.europesays.com\/us\/360201\/"},"modified":"2025-11-06T16:55:29","modified_gmt":"2025-11-06T16:55:29","slug":"2b-ritz-carlton-paradise-valley-developer-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/360201\/","title":{"rendered":"$2B Ritz-Carlton Paradise Valley developer files for bankruptcy"},"content":{"rendered":"<p>The developer behind the $2 billion Ritz-Carlton Paradise Valley and The Palmeraie luxury residential development has filed for Chapter 11 bankruptcy protection days ahead of a scheduled foreclosure sale.<\/p>\n<p>Multiple entities connected to Five Star Development filed for bankruptcy protection Nov. 4 in the Southern District of Texas. The company reported estimated assets between $500 million and $1 billion against estimated liabilities between $500 million and $1 billion, according to bankruptcy documents.<\/p>\n<p>The move offers Five Star a reprieve in its high-stakes litigation with an affiliate of Madison Realty Capital, the lender for the 122-acre Paradise Valley megaproject.<\/p>\n<p><a class=\"Link\" href=\"https:\/\/www.bizjournals.com\/phoenix\/news\/2025\/11\/05\/ritz-carlton-developer-bankruptcy-litigation.html?utm_source=sy&amp;utm_medum=ptr&amp;utm_campaign=knxv\" target=\"_blank\" rel=\"noopener\">Read more of this story from the Business Journal.<\/a><\/p>\n<p>        <a href=\"https:\/\/www.abc15.com\/apps\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"100%\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/1762106954_551_liveplayerbanner1.png\"\/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The developer behind the $2 billion Ritz-Carlton Paradise Valley and The Palmeraie luxury residential development has filed for&hellip;\n","protected":false},"author":3,"featured_media":360202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,1589,67,586,132,5230,68,2969],"class_list":{"0":"post-360201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-phoenix","12":"tag-united-states","13":"tag-united-states-of-america","14":"tag-unitedstates","15":"tag-unitedstatesofamerica","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115503806950352200","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/360201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=360201"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/360201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/360202"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=360201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=360201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=360201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}