Tuesday, August 24, 2010

Omni Bid Amelia Island Plantation

Omni Hotel owner has winning bid for Amelia Island Plantation
Texas billionaire pays $67.1 million for the resort.
Posted: August 23, 2010 - 8:02pm

By Mark Basch
A company run by a Texas billionaire that owns the Omni Hotels chain won a bidding war Monday in U.S. Bankruptcy Court to buy the Amelia Island Plantation resort.

TRT Holdings Inc. had the winning bid of $67.1 million, more than $20 million higher than the original bid submitted for the property in May, to buy the resort. The bid is contingent on the Amelia Island Co.’s Chapter 11 bankruptcy reorganization plan getting approval at another court hearing on Thursday.

Irving, Texas-based TRT is run
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net


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