The Real Deal Miami

Fontainebleau Las Vegas could be liquidated

September 29, 2009 09:40AM

The troubled Las Vegas outpost of Miami Beach’s landmark Fontainebleau hotel may be headed to Chapter 7 bankruptcy. Creditors say developer Jeffrey Soffer can’t get out from under the $3 billion project’s battered finances and want him out. The Miami Beach hotel isn’t involved in the project, but the Las Vegas hotel is the Soffer family’s largest endeavor. It’s about $1.5 billion short of completion and has been in bankruptcy court for the past four months.