💰 Financial Record

payment

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Transaction Details

Amount

USD $32,000,000.0

Payer (From)

RREF II PALM HOUSE LLC Not linked to entity

Payee (To)

Palm House Hotel Receiver Linked to Palm House Hotel Receiver

Description

Initial stalking horse bid offer

Additional Details

Date string: N/A

Amount string: 32000000

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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