Nov
15

Daufuskie Island Resort Can Be Sold In Parcels

By
– The Post and Courier

A bankruptcy judge has divided the assets of the Daufuskie Island Resort & Breathe Spa into groups and allowed creditors to claim many of them after an auction last month produced no bidders for the entire property.

In the meantime, the trustee overseeing the bankruptcy will continue trying to sell the property as a whole.

If a single buyer doesn’t emerge, AFG, one of the resort’s lenders, will assume the Melrose golf course and other amenities.

Bank of North Carolina will assume the Melrose beach club and several cottages.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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    Categories : Hilton Head Island

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