Palm House Hotel at 160 Royal Palm Way in Palm Beach. Credit: Google
Wellington developer Glenn Straub already has filed a notice of appeal in West Palm Beach federal district court to challenge the sale.
March 13, 2019 at 01:21 PM
1 minute read
South Florida real estate reporter
A bankruptcy judge approved the $40.6 million sale of an unfinished Palm Beach hotel-condominium to an affiliate of a London-based hotel company, but an appeal is planned by Wellington developer Glenn Straub, a previous owner and creditor.
U.S. Bankruptcy Judge Erik Kimball in West Palm Beach approved the asset purchase agreement between the manager of Palm House Hotel property owner 160 Royal Palm LLC and LR U.S. Hotels Holdings LLC, an affiliate of London + Regional Properties.
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