Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tanner & Haley Resorts > News item |
Tanner & Haley seeks court OK of $1.3 million sale of Park City, Utah, property
By Caroline Salls
Pittsburgh, Dec. 14 - Tanner & Haley Resorts requested court approval of the $1.3 million sale of its Park City, Utah, property to Ladd Tanner, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Connecticut.
Tanner paid a $50,000 deposit, and the balance of the purchase price is to be paid in cash at closing.
According to the motion, the Park City property is not popular among the company's members, is not necessary for Tanner & Haley's operations and is not part of the global sale of the company's assets.
The company said the sale must close by Jan. 5.
Tanner & Haley is a hospitality and real estate company based in Westport, Conn. It filed for Chapter 11 on July 23, and its case number is 06-50245.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.