Paul Brinkmann – Reporter
South Florida Business Journal

Feuding parties in the bankruptcy of condo hotel One Bal Harbour will get a new chief restructuring officer from Atlanta-based Algon Group.
Algon’s Troy Taylor will take the reins from court-appointed receiver Jorge J. Perez, an attorney with McDonald Hopkins who had been administering the business previously.

“We’re going to try to prepare this asset to sell it, but we have to find out what the market is like. We have agreed to a two-month process, after which we will sit down and evaluate again,” said Corali Lopez-Castro, bankruptcy attorney for the owner, Elcom Hotel & Spa LLC.

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