The former Revel Casino Hotel could sell for $90 million cash if no other bid is received by a Sept. 23 deadline, according to court documents filed Wednesday.
Glenn
Straub, a Florida-based real estate mogul and president of the bidding
company Polo North Country Club Inc, is the first bidder and has
deposited $10 million in cash into an escrow account in connection with
the asset purchase agreement under the name Polo APA.
If
no other qualifying bid is received by the Sept. 23 deadline, in
advance of a 9 a.m. Sept. 24 auction hearing, Glenn Straub would be the
buyer of the casino property, which was built for $2.4 billion.
http://www.pressofatlanticcity.com/news/press/casinos_tourism/special_report/revel-enters-purchase-agreement-for-million-cash-pending-sept-deadline/article_0a41ed7c-393a-11e4-8471-3b1fb314258f.html
http://www.pressofatlanticcity.com/news/press/casinos_tourism/special_report/revel-enters-purchase-agreement-for-million-cash-pending-sept-deadline/article_0a41ed7c-393a-11e4-8471-3b1fb314258f.html
No comments:
Post a Comment