The partially-built Harlequin Boutique Hotel, which has stood as an eyesore on Hastings Main Road, Christ Church, since 2013, is no more.
The property, which was part of the failed Harlequin hotels being built by disgraced British developer David Ames, was demolished on Monday by its new owners, Preconco Ltd, whose founder and executive chairman is developer Mark Maloney.
Dr Grenville Phillips, trustee in the bankruptcy of the company, told the DAILY NATION that the property had been sold to a local entity for more than $5 million and the trustees were now trying to determine payment to creditors.
“Having sold the property we are now going through and quantifying the claims of creditors to see which creditors are to be paid and in particular, what amount on the dollar they are likely to receive,” he said. (MB)
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