Palm House Hotel at 160 Royal Palm Way in Palm Beach. Photo: Google
Straub's KK-PB Financial LLC appealed the sale in federal court even as London + Regional Properties was closing on the purchase.
May 20, 2019 at 03:43 PM
1 minute read
South Florida real estate reporter
An unfinished hotel-condominium in Palm Beach at the center of an alleged massive EB-5 visa fraud has been sold to a London hotel company.
An affiliate of London + Regional Properties bought the Palm House Hotel for $39.6 million on May 14, Palm Beach County property records show. The sale went through even though Wellington developer Glenn Straub is waging a legal battle to a share of the sale price.
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