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Case Filed-28189House OversightRelated Companies affiliate bids $32M for embattled Palm House Hotel amid EB‑5 fraud allegations
November 11, 20252p2 persons
Case File
d-28189House OversightRelated Companies affiliate bids $32M for embattled Palm House Hotel amid EB‑5 fraud allegations
Financial Record
The passage identifies a concrete bankruptcy auction with a $32M stalking‑horse bid by an affiliate of Stephen Ross’s Related Companies, and links the deal to alleged SEC fraud involving EB‑5 foreign RREF II PALM HOUSE LLC, linked to Related Companies, is the stalking‑horse bidder offering $32M. Auction scheduled for Nov 16 2018; floor price $32.5M, potential sale up to $40M. SEC complaint allege
Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #027063
Pages
2
Persons
2
Integrity
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