Developer Five Star Gets OK For $90M Sale To Lender

By Rick Archer · September 25, 2026, 2:47 PM EDT

A Texas bankruptcy judge Friday approved the $90 million sale of properties owned by insolvent resort developer Five Star Development to a prepetition secured lender....

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Case Information

Case Title

F-Star Socorro, L.P. and Official Committee of Unsecured Creditors for F-St

Case Number

4:25-bk-90607

Court

Texas Southern

Nature of Suit

Date Filed

November 04, 2025