The Revel Hotel and Casino has said it has agreed to sell the entire development that closed earlier this month for just a fraction of what it cost to build. Polo North Country Club Inc and its president, Glenn Straub have offered $90 million for the Revel which cost $2.4 billion when completed in 2012.
In court documents the developer has shown full intent with depositing $10 million into escrow for 1,800 hotel rooms, theatres, nightclubs, casino and 14 restaurants that was the only casino built since 2003.
Sadly the Revel was besieged by setbacks even before it opened and filed its first of two bankruptcies in March 2013. In the second of its bakruptcy’s in June this year the development was put up for auction but no serious bidders came forward, meaning the hotel and casino closed its doors.
Straub’s new bid will now be put to an auction, which may produce a better deal or not. The Revel will be holding the auction on Sept. 24 at the New York offices of its law firm, White & Case.Reprezentantii Revel Hotel and Casino au declarat ca s-a ajuns la un acord privind vanzarea intregii proprietati, pentru numai o fractie din costurile necesare construirii acesteia. Polo North Country Club Inc, prin presedintele sau, Glenn Straub a oferit suma de $90 milioane pentru intregul complex Revel, a carui constructie a costat in 2012 nu mai putin de $2,4 miliarde.
La tribunal cumparatorul si-a aratat intentia de a achizitiona complexul format din 1800 camere de hotel, teatre, cluburi de noapte, cazino si 14 restaurante, depunand o garantie de $10 milioane.
Din pacate Revel a fost asediat de esecuri chiar dinainte de a se deschide, depunand actele pentru primul faliment in Martie 2013. In Iunie anul acesta resortul a fost scos la licitatie , dar neexistand nici o oferta serioasa a fost necesara inchiderea hotelului si cazinoului.
Noua oferta a lui Straub va fi scoasa la licitatie , lucru care poate aduce o oferta mai buna. Licitatia va avea loc in data de 24 Septembrie la sediul din New York a companiei de avocatura care reprezinta interesele lui Revel, White & Case