According to this weeks Orlando Business Journal (OBJ), the backers of the Blue Rose condo hotel project, could be forced into bankruptcy.

A UK-based equity partner, Jaymar Estates, filed a Chapter 7 petition against Blue Rose Orlando LP in Miami. According to the OBJ, South Florida developer Camilo Aguirre labelled the petition as “ridiculous”. He claims the developer will file a motion to dismiss it and describes the action as a “power play” to take over the project.