Foundation sues financier who walked away from deal to buy Lake Geneva’s Aloha Lodge

Foundation sues financier who walked away from deal to buy Lake Geneva’s Aloha Lodge

No one disputes that the 20,000-square-foot Aloha Lodge in Lake Geneva, Wisconsin — which was listed in 2023 and sold in August 2024 for $21.85 million — had an earlier $37.5 million offer on it from a well-known Chicago-area buyer of high-priced homes. However, in a recently filed lawsuit in Lake County, the seller of the estate alleges that the $37.5 million offer by financier and former pharmaceutical executive Jack McGinley was a binding off…