Kimberly Pierceall
Hotel Zoso For Sale
Looking to buy a hotel?
Hotel Zoso in downtown Palm Springs has been on the market for quite some time but a $25.4 million offer from the American Property Management Corp. in San Diego may send the hotel to the highest bidder eventually.
Check here for my story in today's business section, but in the proverbial nutshell, a US Bankruptcy Court in Las Vegas will decide July 27 if the company's offer will be the minimum bid for a potential auction by October. It's called the "stalking-horse" in bankruptcy termonology.
To find out why the Hotel Zoso, which is still open, has been involved in a Chapter 11 bankruptcy situation, check out my prior story here.
Interested bidders should contact Jim Matthews, president of Prime Locations LLC, who is overseeing the hotel's sale for the bank at 972-412-2997.
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