A deal turned sour

Seven Canyons golf course
Seven Canyons golf course

Mike Sunnucks | Phoenix Business Journal

Lew Hoyt met Scottsdale real estate developer Dave Cavan in 2001 and became one of the first investors in Cavan’s Seven Canyons golf course and housing development near Sedona. Hoyt also helped Cavan bring other investors into the development.

“Later, I invested another $250,000 with Cavan in his Prescott Granite Dells project,” said Hoyt, 70, a retired U.S. Navy Top Gun flight instructor and Delta Air Lines pilot.

More than a decade later, Hoyt is one of many investors upset with Cavan regarding Seven Canyons and Granite Dells, which were put into Chapter 11 bankruptcy protection in 2010 and 2011, after the recession and real estate crash.

Cavan, CEO of Scottsdale-based Cavan Real Estate Investments, denies any wrongdoing claimed by disgruntled investors.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.