Palm House Hotel at 160 Royal Palm Way in Palm Beach. Credit: Google
A London-based real estate and leisure investment company is offering more than $8 million above the stalking-horse bid in bankruptcy court.
March 04, 2019 at 02:13 PM
1 minute read
South Florida real estate reporter
An unfinished Palm Beach hotel-condominium, which is tied to EB-5 investment visa fraud allegations, might get a new owner by week’s end after a London investor’s $40.6 million purchase proposal gained ground in bankruptcy court.
U.S. Bankruptcy Judge Erik Kimball in West Palm Beach has tentatively approved the sale to an affiliate of real estate and leisure investment firm London + Regional Properties.
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