Palm House Hotel at 160 Royal Palm Way in Palm Beach. Photo: Google
An unfinished hotel-condominium in Palm Beach at the center of an alleged massive EB-5 visa fraud has been sold to a London hotel company.
An affiliate of London + Regional Properties bought the Palm House Hotel for $39.6 million on May 14, Palm Beach County property records show. The sale went through even though Wellington developer Glenn Straub is waging a legal battle to a share of the sale price.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
