County says Ritz-Carlton in Avon is in foreclosure
AVON — The Vail Daily reports that public records show the Ritz-Carlton Bachelor Gulch in Avon is in foreclosure.
The newspaper says Eagle County records show the luxury hotel’s owner owes Lehman Brothers $61 million, which could make it the largest foreclosure in the county’s history. Miami-based Gencom, the owner, has 27 hotels and properties across the country.
County records show the foreclosure sale date for the hotel is Aug. 24. Ritz-Carlton officials say hotel operations won’t be disrupted.
The Vail Daily says Gencom didn’t return phone calls Thursday.