Caravanserai goes to anonymous buyer
PHILIPSBURG--A buyer who has opted to remain anonymous won the Caravanserai resort, land and apartments at a public auction held by Tjon Ajong and Associates at Pasanggrahan Beach Hotel yesterday morning.
This was the third time the assets had been put on auction and they sold for some US $14 million, in comparison to the initial asking price of $20 million.
Two bidders purportedly were in the running for the purchase, amidst a room of around 50 people.
The buyer's intentions could not be established and his representative at the auction, Chris van Amersfoort of HBN Law, declined to relay any information on his client's intentions or identity.
Roeland Zwanikken of BZSE Attorneys at Law/Tax Lawyers who represented seller Scotiabank said the bank was happy with the outcome and happy to have the situation behind it, even though the price is $3 million below the accrued principal mortgage in addition to other costs Read more
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