Industry
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Hotel at Tamarack Resort Grinds to a Halt
July 23, 2008
Source: Associated Press
The proposed Fairmont Hotel and Residences at the Tamarack Resort in Idaho was dealt a blow when Andre Agassi and Steffi Graf, and other investors, terminated their contracts to buy property for a luxury hotel at the resort. They cite pending litigation and current market conditions for the withdrawal.
Resort owners Jean-Pierre Boespflug and Alfredo Miguel Afif were sued for breach of contract by Credit Suisse last March and have filed for bankruptcy protection for their respective companies.
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