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Bankruptcy Court Authorizes Sale of Two West Palm Hotels for $9.4 Mil

WEST PALM BEACH, FL-Cotillion Investments closes on sale prior to scheduled auction of a Fairfield Inn by Marriott and a Days Inn, both located on Okeechobee Boulevard about 67 miles north of Miami.

By David R. Corder | Updated on February 23, 2001

WEST PALM BEACH, FL-Buyer demand for commercial properties in South Florida cancelled a bankruptcy sale Fisher Auction Co. planned Friday on two hotels belonging to WPB Innkeepers Inc. The US Bankruptcy Court in Miami authorized a pre-auction sale of the Fairfield Inn by Marriott at 5981 Okeechobee Blvd. and the Days Inn at 6255 Okeechobee Blvd. to Hollywood, FL-based Cotillion Investments Inc. for $9.4 million.

“It’s obviously a buyer’s market,” Louis B. Fisher III, chief executive officer of Pompano Beach, FL-based Fisher Auction, tells GlobeSt.com. “When I say that I mean buyers are very active in the market, which translates into a very strong seller’s market.”

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