Bankrupt Hotel Owner Lands $5.5M Bid For NJ Property
U.S. Bankruptcy Judge Michael B. Kaplan approved Edison's purchase bid, setting a deadline of Nov. 21 for qualified competing bids to be filed with the court. If any qualifying bids are received, the hotel will go up for auction on Nov. 25.
Under the terms of the agreement, Edison would purchase the entirety of...
Already a subscriber? Click here to login