Nov
01

Future of Daufuskie Island Resort Still Uncertain

By
– The Post and Courier

The future of the bankrupt Daufuskie Island Resort & Breathe Spa remains unknown after no one bid on the property, despite a standing-room-only crowd at a recent auction.

Twelve potential bidders had pre-registered for the Oct. 21 auction, but none presented the $1 million cashier’s check necessary to participate, said trustee Robert C. Onorato, who is overseeing the bankruptcy.

The minimum allowable bid was $16.5 million.

“At this point, we have no bidders,” Craig King, president of J.P. King Auction Co. of Gadsden, Ala., told the crowd gathered in a ballroom at the Westin Resort & Spa on Hilton Head Island.

ARTICLE SHORTENED DUE TO LENGTH….

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    Categories : Hilton Head Island

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