One Bal Harbour will have 51 condo-hotel units auctioned by year end

Posted on Wednesday, October 30th, 2013 at 12:30pm.

Elcom Hotel and Spa owns 51 condo-hotel units at One Bal Harbour plus 41,047 sq feet of hotel space.  A motion has been filed in U.S. Bankruptcy Court to auction the properties with a reserve of $13,000,000.  The debt against the Elcom holdings at One Bal Harbour is around $20 million dollars. The building is located at the North end of Bal Harbour on the east side of Collins Avenue just before the bridge heading north to Sunny Isles.

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