Los Angeles
Dec 13, 2023
State probe finds six violations by Shangri-La in Project Homekey
Investigation involves motel conversions in Thousand Oaks, Redlands, San Bernardino
Salinas
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Los Angeles
Dec 7, 2023
Shangri-La Industries sued after defaulting on Project Homekey loan
Lender asks for receiver on motel conversion while state looks at “apparent violations”
Los Angeles
Dec 19, 2023
Shangri-La’s Project Homekey motel in Salinas heads to receivership
CEO blames state for loan defaults and cites “tens of millions of dollars in overages”