San Diego Business Journal, March 4th, 1991
Troubled Kona Kai draws 12-14 potential buyers
Local, West Coast, Japanese and Hong Kong investors show interest in resort owned by beleaguered Alan Bond
At least a dozen groups have shown interest in buying the Kona Kai Beach and Tennis Club on Shelter Island, according to the commercial real estate broker approved by U.S. Bankruptcy Court to dispose of the landmark property.
Robert Sonnenblick of Sonnenblick-Goldman of Los Angeles and New York said 12 to 14 "legitimate interested parties" are looking at the resort, whose asking price was slashed from around $45 million to $32 million. "...
HighBeam Research, Free Preview: 'Troubled Kona Kai draws 12-14 potential buyers: local, West Coast, Japanese and Hong Kong investors show interest in resort owned by beleaguered Alan Bond. (Kona Kai Beach and Tennis Club)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
