VAIL, Colo. — After 15 years, numerous lawsuits, construction delays and a worldwide financial crisis, Waldir Prado ultimately couldn't hang on to the Vail Plaza Hotel.
A federal bankruptcy court in Denver Monday awarded the hotel to a Mexican investment company. The sale price was $52 million, but the new owners will pay $46.5 million for the hotel. The rest of the sale price comes from money from condo sales that had been put into an escrow account.
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