$7.2 million recovered on distressed hotel sale
14 South Lakeside Drive (Melanie Bell)
Address: 1 and 11 Lake Ave., 12-24 S. Lakeside Drive, Lake Worth
Property type: 106-room hotel with 65,456 square feet of living space on 1.75 acres
Price: $7.2 million plus the assumption of a defaulted $16.7 million mortgage
Seller: CSC Lake Worth L.P., a company linked to the Schlesinger family of Copperline Partners
Buyer: HH Gulfstream Land Holdings LLC
Past sale: $12.9 million in July 2005
Law Offices of Joe Bornstein
5 Moulton St
The Mike Slocumb Law Firm
111 S. Calvert Street Suite 2700
Pasternack Tilker Ziegler Walsh Stanton & Romano L.L.P.
551 5th Avenue
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