Lenders Take Control of Daufuskie Resort
From The Post and Courier:
400 Prospective Buyers Passed on Purchase of Resort
The Daufuskie Island Resort & Breathe Spa is being broken up after more than two years in bankruptcy. Two secured creditors have taken back a chunk of the resort's assets, splitting what was once a major employer on the sparsely developed island near Hilton Head, SC. A judge had authorized the creditors' moves late last year, but the trustee overseeing the bankruptcy had continued to try to sell the entire resort to a single buyer until the creditors' deals closed. Click here for the full story.
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