Event Details

This document is a news clipping regarding the bankruptcy auction of the Palm House Hotel in Palm Beach. It details that RREF II PALM HOUSE LLC, an affiliate of Related Companies (led by Justin Metz), placed a 'stalking horse' bid of $32 million. The text outlines the financial history of the stalled project, including $115 million in creditor claims and fraud allegations against the former developer, with an auction scheduled for November 16, 2018.

A news article by Keith Larsen dated October 11, 2018, reporting that an affiliate of Related Companies (RREF II PALM HOUSE LLC), led by Justin Metz, placed a $32 million stalking horse bid for the bankrupt Palm House Hotel in Palm Beach. The property, previously linked to developer Robert Matthews who faces SEC fraud allegations, was scheduled for auction on November 16, 2018, with Cushman & Wakefield acting as marketing advisers. The document is stamped with a House Oversight footer.