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Fractional Ownership Blog

This Fractional Ownership Blog provides news and articles related to Fractional Ownership, Private Residence Club, and Destination Club, and other properties.


Solstice to Sell Aspen and New York Properties Without Auction Print PDF

Solstice to Sell Aspen and New York Properties Without Auction 
Bloomberg

Solstice LLC, an operator of luxury destination homes, was authorized last week to sell five properties without the usual bankruptcy auction.

The properties being sold include two homes in Aspen, Colorado, and two apartments in New York City. The fifth property is an undeveloped lot in Napa, California.

Solstice may sell the real property so long as the price exceeds $6.5 million for the Aspen homes and a combined $4.5 million for the Manhattan apartments. With the housing market so weak...



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April 6, 2009 Posted by chris | Solstice, Destination Club, Bankruptcy

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