Published On: Mon, Aug 20th, 2018

Auction Veneto Beach on hold

Veneto HotelWILLEMSTAD - The public sale of the bankrupt Veneto Beach Hotel has been canceled. The auction next Thursday is on hold. There is a possible bid on the hotel.

The court must now assess whether the level of the bid is acceptable, so the auction is not necessary. The estimated value of the hotel is relatively low, about 20 million guilders. Especially due to overdue maintenance. After renovation, the hotel would be worth three times more.

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