Old Havana Hotel Investment Scam?
Old Havana Hotel Investment Scam?
Word on the street is that investors have the opportunity to invest in “O Havana, a 300-room luxury hotel with restaurants, a spa and a nightclub in front of the SugarHouse Casino, boasting retro Cuban flair that has support from the City of Philadelphia, Delaware River Authority and the community.” The only problem is that city planners, the Fishtown community, the Northern Liberties community, the Delaware River Waterfront Corporation, and the Central Delaware Advocacy Group have never heard about the project. According to PlanPhilly O Havana’s Managing Partner is Orlando E. Ballate who, by email, identified O Havana’s local partner as Core Equities. Core Equity is owned by Michael Samschick’s company, as is Core Realty. At this point nobody in the Philadelphia real estate community has any idea what to make of this. Stay tuned for more details.
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
