Mandarin Oriental Boca Raton Site Heads to Bankruptcy Auction

Announced June 10, 2026, the long-stalled Mandarin Oriental hotel project in Boca Raton is headed for a bankruptcy auction, as reported by South Florida Business Journal. A U.S. Bankruptcy Court judge has set the sale for June 22, with secured debt claims on the site exceeding $210 million.

This news follows a series of financial woes for developers in the region, with the South Florida Business Journal citing multiple Chapter 11 filings among local manufacturers, restoration companies, and suppliers in recent months. The Mandarin Oriental property, part of the larger Via Mizner development, has been plagued by construction delays and financial disputes, leaving one of South Florida's most prestigious hospitality endeavors in limbo.

Our take: Regardless of the Mandarin Oriental branding, a property sale under these circumstances signals significant instability for such a high-profile luxury address. Potential buyers will face substantial existing debt and the complexities of completing a large-scale, partially constructed hotel. This auction represents an opportunity for a new developer to take control, but it also underscores the financial pitfalls even prime real estate can encounter in a turbulent market.