💰 Financial Record

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Transaction Details

Amount

USD $115,000,000.0

Payer (From)

Creditors Linked to Creditors

Payee (To)

Palm House Hotel Linked to Palm House Hotel

Transaction Date

August 01, 2018

Description

Total creditor claims in bankruptcy filing

Additional Details

Date string: August 2018

Amount string: 115000000

Source document: HOUSE_OVERSIGHT_027064.jpg

📄 Source Document

HOUSE_OVERSIGHT_027064.jpg

ESTATE Collection

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Document Summary

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.

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