The site of what was planned to be Nicky Hilton's hotel debut is ready to hit the auction block. Paris Hilton's sister and sometimes fashion designer Nicky announced her plans for the Nicky O hotels last year to great fanfare. TMZ reports that after a failed conversion to condos, a federal judge has ordered the oceanfront Breakwater and Edison properties in South Beach, Florida to be sold to the highest bidder. There is an outstanding mortgage and penalty debt of $60 million. Hotel Chatter covered the bankruptcy of Nicky's developer earlier this year and one of their commenters pointed out an interesting fact, when you type www.nickyosouthbeach.com into a browser you are redirected to the Royal Palm Resort in South Beach. Does Nicky's dream of hotel domination live on?Posts with tag hotel development
Is Nicky Hilton Still Planning To Open A Hotel?
The site of what was planned to be Nicky Hilton's hotel debut is ready to hit the auction block. Paris Hilton's sister and sometimes fashion designer Nicky announced her plans for the Nicky O hotels last year to great fanfare. TMZ reports that after a failed conversion to condos, a federal judge has ordered the oceanfront Breakwater and Edison properties in South Beach, Florida to be sold to the highest bidder. There is an outstanding mortgage and penalty debt of $60 million. Hotel Chatter covered the bankruptcy of Nicky's developer earlier this year and one of their commenters pointed out an interesting fact, when you type www.nickyosouthbeach.com into a browser you are redirected to the Royal Palm Resort in South Beach. Does Nicky's dream of hotel domination live on?
