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Mahana Estates, based in Nelson, went on sale a week after a High Court judge ruled against an attempt to freeze the company's assets as two US investors sued against the owner Glenn Schaeffer
. 19659003] Sales News by Agents Bayleys Marlborough, who accepts bids until July 13, arrives a week after an offer to freeze Mahana's assets was rejected.
US investors James Murren (CEO of MGM Resorts International) and Daniel Lee (CEO of Palms hotel-casino in Las Vegas) sued Mahana's owner, Glenn Schaeffer, for $ 3.5 million. The pair first took its case to the New Zealand High Court in Nelson in 2015, claiming that Schaeffer had committed "an inaccurate statement, deception and fraudulent misrepresentation" of the agreement of Investment of Mahana
. while Lee paid US $ 700,400. As part of their offer, they hoped to freeze a maximum of $ 4.4 million in assets of the vineyard and winery.
In response to the offer, Judge Peters said: "The evidence I have mentioned is insufficient to justify the risk of dissipation necessary to make a freezing order. Much more is needed before doing a freeze order. "
Image: Bayleys Marlborough
According to Bayleys Marlborough salesman Mike Poff, in addition to his own vineyards, Mahana rented a 20-hectare site and in 2017, the combined plantations produced 268 tonnes grapes, with 153 tons bottled under the Mahana label.
"The winery currently operates below capacity – choosing to focus on product quality rather than quantity." At the Bayleys Marlborough site, the portfolio includes 30 hectares of certified organic vines, including 21 hectares located on the cellar site (Pinot Noir, Pinot Gris, Chardonnay and Rieslign) and another 9-hectare vineyard planted with Sauvignon Blanc in Hope. . In addition, the sale includes the four-storey cellar, designed by Oregon architect Larry Ferar and capable of processing 500 tons of grapes, and a seven-bedroom villa with wine cellar, library and gallery d & # 39; s.
The sale includes the restaurant, the function cellar and the tasting room, as well as the hotel business authorized to host 22 large companies each year.
The estate hosted Prince Charles and Camilla, Duchess of Cornwall in 2015 during their visit
Schaeffer was the former managing director and president of Fontainebleau Resorts, leaving the company in 2009 when he filed for Chapter 11 bankruptcy failed to secure $ 800 million in construction financing to complete his $ 2.9 billion property on Las Las Vegas Band
Image: Marlborough Whale
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