Why the Business Failed: Succession Issues

In this episode the hosts dissect a bankruptcy‑sale opportunity involving dolphin‑habitat real estate in the Riviera Maya, Mexico — and explore whether the outsized risk of “ditch‑risk” is worth the potential payoff.

Business Listing – https://www.keen-summit.com/project/bankruptcy-sale-dolphin-aquariums-real-estate/

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This episode focuses on a unique acquisition opportunity: a debtor’s assets in bankruptcy that include three parcels in the Riviera Maya (near Cancun) — one developed property with a ~71,000 ft² dolphin habitat, and two undeveloped commercial‐zoned lots adjacent to a major luxury outlet mall and the Cancun airport. The listing is marketed via the bankruptcy court (in Delaware) on behalf of the debtor Leisure Investment Holdings LLC.

Key Highlights:
- Opportunity: Three parcels in Riviera Maya (Mexico) including a dolphin habitat (~71k ft²) & commercial‐zoned land near major outlet mall & airport.
- Structure: Bankruptcy court‐administered sale; buyer must navigate liens, foreclosure history, foreign title risk.
- Industry risk: “Experience” business with captive dolphins is under regulatory/social pressure; decline in captive marine attractions cited.
- Foreign/operational risk: Real estate in Mexico + tourism zone + previous failing business = high risk of security, regulatory, title issues (“ditch‐risk”).
- Redevelopment potential: If the marine attraction is jettisoned, land could be repositioned for resort, wedding venue, outlet‐adjacent commercial use—but competition and local developer awareness likely high.

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