May
19

Daufuskie Island Resort Sold

By
– The Island Packet

A Utah company has bought much of the Daufuskie Island Resort & Breathe Spa from lenders who reclaimed the property from bankruptcy.

The Pelorus Group of Salt Lake City bought assets, including the resort’s core, from Denver private-investment group AFG, according to AFG’s chief operating officer, Don MacKenzie.

Pelorus and AFG officials declined to say what Pelorus paid for the property.

Pelorus, which specializes in acquiring and reviving distressed assets, is “very excited” about the resort’s future and equipped and committed to restoring its status as a destination, said Rob Reynard, an attorney representing the company

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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