Wednesday, August 25, 2010

Omni Hotel - Amelia Island Plantation

Press Release.
After four hours and 147 separate bids, TRT Omni was certified as the successful bidder in Monday's auction for Amelia Island Company with a bid of $67.1 MM. The back-up bidder was Starwood with a bid of $67.0 MM. Stalking horse Noble declined to increase its May bid of $47.4 MM. The successful bid must still be approved as part of Thursday's Confirmation Hearing in U.S. Federal Bankruptcy Court.

Bidding started at 3:00 pm in a completely full courtroom with Judge Paul Glenn conducting the auction. Bidding started at $48.5 MM.

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: Web:

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