BOISE, ID—Credit Suisse was the only bidder on three large sections of distressed Tamarack Resort in a sheriff's auction on Monday, according to a local media report.
With its deal, Credit Suisse now owns almost every part of the resort, which was built in 2004. The exception is an unfinished Village Plaza, which is owned by the expansion project general contractor.
In Monday's deal, Credit Suisse completed a credit bid to own the physical properties, rather than the collateral interest, and paid around $75 million.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
