Filing Alert: Ritz-Carlton Paradise Valley–Linked Affiliates File Chapter 11
F-Star Socorro, L.P., and affiliates tied to The Ritz-Carlton, Paradise Valley at The Palmeraie file Chapter 11 in the Southern District of Texas.
Update (Nov. 5, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of F-Star Socorro, L.P.
F-Star Socorro, L.P. and its debtor affiliates⁽¹⁾ (collectively, “Five Star Development”), a real estate developer behind The Ritz-Carlton, Paradise Valley at The Palmeraie, filed for Chapter 11 protection on Nov. 4 in the U.S. Bankruptcy Court for the Southern District of Texas.
The filings are intended to give Five Star Development breathing room to complete The Ritz-Carlton, Paradise Valley at The Palmeraie, a 122-acre resort, residential, and retail project in Arizona. According to the company, construction of the hotel is largely finished, with interior work expected to resume once court approvals are secured. The cases also stay lender actions, including those by secured lender Madison Realty Capital, as the company seeks to restart construction.
F-Star Socorro, L.P. reports $0 to $50 thousand in both assets and liabilities⁽²⁾. The filing indicates that there will be funds available for distribution to unsecured creditors. The cases are being jointly administered under case number 25-90607.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table. ⁽²⁾ Although the lead case lists minimal liabilities, several jointly administered affiliates report liabilities of $500 million to $1 billion.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Nicholas J. Hendrix
O'Melveny & Myers LLP
Email: nhendrix@omm.com
Financial Advisor / CRO:
- Pivot Management Group, LLC (Lance Miller)
Claims Agent:
Equity Security Holders:
- F-Star Management, LLC – 1% Equity Interest
- Gerald C. Ayoub – 99% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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