Costa Hollywood Condo-Hotel Bankruptcy Sale to New York Lender Approved

Lidia Dinkova |September 1, 2020

James C. Moon

The sale to the stalking-horse bidder and secured lender is approved after no one else qualified to bid on unsold units at the hotel-condo a block from the beach.

A bankruptcy judge approved the sale of Costa Hollywood Beach Resort’s unsold units to $43 million credit bidder Madison Realty Capital after no one qualified to compete with the lender for the property.