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Game, Set, Collapse :: Andre Agassi and Steffi Graf Will Not Be Hoteliers After All

July 22, 2008 at 4:38 PM | by | Comments (0)

"It was just a pipe dream honey."

When Andre Agassi announced he would help Fairmont Hotels build a hotel in Idaho's Tamarack Resort, we were all excited. Think of those hotel tennis courts!

Yet, it was not meant to be. The tennis superstar and his wife, Steffi Graf have cancelled the resort. As usual, money woes are to blame for the development's collapse.

The husband-and-wife tennis champions pulled the plug on the development because Credit Suisse Group sued to foreclose on a US$260 million loan to Tamarack's founders, said Joel Goldman, chief operating officer at Echo Partners, which also invested in the development.

Deposits taken for condo units in the development will be refunded. Perhaps Andre and Steffi would want to look at Las Ramblas?

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