Hashtag: #Missing$18M
“Potential Power Of Sale” Over PLV Car Park
Speaking on the Par-La-Ville car park being placed under receivership due to an outstanding $18 million loan, Home Affairs Minister Michael Fahy said “there would be a potential power of sale.” Last year, US-based Mexico Infrastructure Finance LLC [MIF] extended an $18 million loan to Par-la-Ville Hotel and Residences Ltd [PLV], with the... Read more of this article
Par-La-Ville Car Park Taken Over By Receivers
[Updated] Following the non-payment of an $18 million loan — which was backed by the Corporation of Hamilton — KPMG has been appointed as Joint Receivers over the Par-La-Ville car park. In a statement today [April 10], KPMG said, “Pursuant to a mortgage over the property known as the Par-La-Ville Car Park, Mike Morrison and Charles... Read more of this article
Legal Action Launched Over Development, Lease
Two planned developments — the City Waterfront and the Par-La-Ville Hotel — are the subject of legal proceedings, with Michael MacLean’s company launching legal action over losing the waterfront lease, while another company Mr. MacLean is involved in is the defendant in legal action correlated with the Par-La-Ville development. Citing... Read more of this article
