Bankrupt Miami Condo Sets Date For $13M Asset Sale

Law360, Miami (November 4, 2013, 7:52 PM EST) -- The bankrupt operators of Miami hotel and condominium development One Bal Harbour on Monday set a Dec. 4 date for an asset auction and outlined the bidding procedures for the sale, which should net the estate more than $13 million.

Attorneys for Elcom Hotel & Spa LLC asked U.S. Bankruptcy Judge Robert A. Mark to oversee the Dec. 4 sale in which the building's spas, restaurants and shared hotel facilities, as well as nine hotel condominium units, will be auctioned.

The sale is the centerpiece of...
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