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Author Topic: A further Update on Black Beard's sale  (Read 205 times)

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Big boy

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A further Update on Black Beard's sale
« on: December 25, 2017, 08:06:23 PM »
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  • I am just back from a five week trip to Costambar.  The scuttlebutt is that the potential sale is going nowhere.  The prices being offered are not nearly what John thinks it is worth.

    The problem with that is that John is in poor health and when he dies, if he still owns it, the executor handling the estate may just sell the place to the highest bidder who may get rid of the whole concept of a "Hotel with chicas".

    Linkback: http://ifoundthechicas.com/blackbeards-misc-questionsanswers/170/a-further-update-on-black-beards-sale/9165/

    ralphie1

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    Re: A further Update on Black Beard's sale
    « Reply #1 on: December 26, 2017, 07:56:49 PM »
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    I am just back from a five week trip to Costambar.  The scuttlebutt is that the potential sale is going nowhere.  The prices being offered are not nearly what John thinks it is worth.

    The problem with that is that John is in poor health and when he dies, if he still owns it, the executor handling the estate may just sell the place to the highest bidder who may get rid of the whole concept of a "Hotel with chicas".
    i forget what john was asking, 1. something million.  anyways, a business that could be going balls to the walls one day and the next be closed is going to have a hard time demanding the kind of money john is trying to get.

    the authorities can come in tomorrow and close them down, just that simple.  look at some of the bars in sosua.  that is exactly what happened.  they were going gangbusters and then closed the following weekend.

    ralphie1

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    Re: A further Update on Black Beard's sale
    « Reply #2 on: December 26, 2017, 09:39:42 PM »
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    DrinksOnMe

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    Re: A further Update on Black Beard's sale
    « Reply #3 on: December 29, 2017, 09:38:07 AM »
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  • What is the insurance situation down there for business owners?

    Any chance of recovery if the Dominican authorities simply come in and take the property?

    Could Pica Flor ownership be interested in expanding to Costambar?

    Big boy

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    Re: A further Update on Black Beard's sale
    « Reply #4 on: December 29, 2017, 09:46:02 PM »
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  • But remember John started at $2.5 Million when he first put it on the market.

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