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Renault Winery Files for Bankruptcy Protection

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Renault Winery Resort and Golf, the sprawling vineyard-golf resort-restaurant that straddles Egg Harbor City and Galloway Township, N.J., filed for chapter 11 protection yesterday, the Press of Atlantic City reported. Chief Operating Officer Dennis Del Vecchio said that the resort will remain open while it finds a stable financial footing in bankruptcy. The resort had been scheduled by Renault’s main creditor and mortgagee, OceanFirst Bank, for a sheriff’s sale auction in October that was adjourned until yesterday. The sale was canceled on account of the bankruptcy. Early this year the resort’s management said a New Jersey-based buyer had been found for the property, which was expanded under owner Joseph Milza, who bought the winery in 1977.
The 50-room Tuscany House hotel was added in 2001 and the 18-hole Vineyard Golf course in 2004.