BANKRUPT REGENT ENTERTAINS BIDS

April 25, 2001 9:41 PM
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Documents filed yesterday with the U.S. Bankruptcy Court indicate four parties are interested in purchasing or refinancing The Regent in Summerlin.

Because of confidentiality agreements, the identities of the parties or specifics of their proposals have not been revealed. But a source close to the property said one could be the Peccole Group, which is developing property in Summerlin.

A high-end real estate developer, Peccole’s plans would include time share units at the Summerlin resort, the source said, adding that Peccole's Queens Ridge development has a "fractional vacation" or time share element to the project.