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.
https://www.law360.com/florida/articles/1074578/half-built-fla-resort-s-39m-sale-gets-court-approval
Mentions
Litigation Cases
States
- Florida
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
