FIVE-STAR DEVELOPMENT INITIATES CHAPTER 11 TO PROTECT THE RITZ-CARLTON PARADISE VALLEY AND ADVANCE COMPLETION OF THE PALMERAIE PROJECT

PARADISE VALLEY, Ariz. and SCOTTSDALE, Ariz., Nov. 4, 2025 /PRNewswire/ -- Five Star Development, LLC and affiliated entities (together, "Five Star" or the "Company"), including those developing The Palmeraie, today announced that it has filed voluntary petitions for Chapter 11 protection...