Fort Lauderdale Hotel Filing for Bankruptcy

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Fort Lauderdale Hotel Filing for Bankruptcy

Tanned bodies. Miles of sand and beach and endless amount of bars serving cold drinks and…. bankruptcy.

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550 Seabreeze Development LLC, has filed for Chapter 11 bankruptcy. The construction manager had previously filed suit against the hotel for alleging not making payments to contractors and a foreclosure action was filed by Bancorp. in January for failing to pay on the $3.6 million mortgage.

Funding came in part from the controversial EB-5 visa program where investors can gain a path to permanent residency with an investment of $500,000.

Alexander Hernandez, Esq.
Twitter @mcatty_alex

 

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Alexander Hernandez

Alexander Hernandez represents clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents. (904) 712-5565 or (305)-688-LAWS (5297).

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