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Blue Rose Backers in Bankruptcy? - Condo Metropolis

  • 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.