Palm House Hotel at 160 Royal Palm Way in Palm Beach. Credit: Google
The unfinished Palm Beach hotel-condominium at the center of EB-5 visa fraud allegations is headed for auction March 8, the latest of several scheduled dates.
February 20, 2019 at 03:53 PM
1 minute read
South Florida real estate reporter
A bankruptcy judge has rejected the proposed sale of the Palm House Hotel to a former owner who claimed a $37.3 million secured interest in the unfinished hotel-condominium in tony Palm Beach.
A dispute between the owner and a key creditor KK-PB Financial LLC, which is managed by Wellington developer Glenn Straub, has jammed up the proceedings on a property tainted by civil allegations of EB-5 investment visa fraud.
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