Planned auction of Hotel Otrobanda halted, reports indicate

Otrobanda Hotel & Casino
Otrobanda Hotel & Casino as seen in August 2018. (Photo by Todd DeFeo/The DeFeo Groupe)

The planned auction of a Willemstad hotel has been postponed, according to news reports.

The Otrobanda Hotel & Casino, built in 1990, was to be auctioned yesterday, the Curaçao Chronicle reported. However, a judge halted the sale, the report reveals.

According to another report, the family that owns the six-floor, 45-room hotel has found an investor willing to cover its 3 million guilder debt. Despite the halting of the auction, Bank Giro could proceed with the sale if a proposed settlement does not succeed.

Earlier this year, the Plaza Hotel was on the selling block for $8 million, lowered from the previous asking price of $9 million. The hotel, dating to circa 1970, was sold last year after it went bankrupt, but the bid fell through when the buyer was unable to pay.

A buyer purchased that hotel in November for roughly $7 million.

Palazzo Vecchio
About Sightseers’ Delight 413 Articles
Sightseers’ Delight started publishing in June 2016. The site, published by The DeFeo Groupe, collects and curates content about places where historical events large and small happened. The site builds off the legacy of The Travel Trolley, which launched in June 2009. The site aimed to be a virtual version of the trolley tours offered in so many cities.