Lehman Brothers To Sell Ritz-Carlton Hawaiian Resort

Law360, New York (May 7, 2013, 5:27 PM EDT) -- Lehman Brothers Holdings Inc. said Tuesday that it has put the Ritz-Carlton Kapalua resort in Hawaii up for sale, as the financial services firm continues shedding real estate holdings in an effort to pay creditors from its historic 2008 bankruptcy.

Lehman hired Chicago-based global real estate investment firm Jones Lang LaSalle Inc. to market the 54-acre luxury hotel and resort on the island of Maui, a Lehman spokeswoman said Tuesday.

The asking price for the property could not be determined Tuesday, and representatives for Lehman and...
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