Half-Built Fla. Resort's $39M Sale Gets Court Approval

Half-Built Fla. Resort's $39M Sale Gets Court Approval

EB-5 Visa, EB5 Visa, EB5 Investments

A Florida bankruptcy judge signed off Friday on a $39.1 million sale of a stalled Fort Lauderdale resort partially built with $30 million from the EB-5 immigrant investor visa program.

U.S. Bankruptcy Judge Raymond B. Ray approved the sale of the Las Olas Ocean Resort, a planned 136-room hotel that is 70 percent complete, from bankrupt 550 Seabreeze Development LLC to stalking horse bidder MHF Properties VI LLC.



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