💰 Financial Record

payment

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Transaction Details

Amount

USD $32,000,000.0

Payer (From)

RREF II PALM HOUSE LLC Linked to Palm House

Payee (To)

Palm House Hotel (via Bankruptcy Court) Linked to Palm House Hotel (via Bankruptcy Court)

Transaction Date

October 11, 2018

Description

Stalking horse bid offer

Additional Details

Date string: 2018-10-11

Amount string: 32000000

Source document: HOUSE_OVERSIGHT_027068.jpg

📄 Source Document

HOUSE_OVERSIGHT_027068.jpg

ESTATE Collection

View Document

Document Summary

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.

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