Statement From Regent About Regent Bal Harbour
JUNE 23, 2009 - Regent Hotels & Resorts today advised that its management of The Regent Bal Harbour Hotel will end effective today as the result of court actions related to the bankruptcy of the hotel owner, WCI Communities Inc.
The United States Bankruptcy Court for the District of Delaware has approved the immediate sale of the Hotel by WCI Communities, Inc. to a new owner and the rejection of the existing management contract for the property. Regent Hotels & Resorts is proud of its tenure managing The Regent Bal Harbour since its opening, having achieved strong positioning in the South Florida luxury hotel market. For example, the hotel was ranked by Travel + Leisure magazine among "15 hotels to watch" in the most recent "World's Best" issue. The brand is continuing to expand globally, including the opening of eight new hotels over the next three years in locations that span the world, from Puerto Rico to the Maldives.
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