This is a public record generated listing.
Assets of Car Racing Track Business
Listing Information
Attachments
Assets of Car Racing Track Business
Price: $8,900,000.00
Other Item Info
Item #: debke_169352
Created: 05/14/2018
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Date: Tue. Jun 26, 2018
Created: 05/14/2018
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Date: Tue. Jun 26, 2018
Seller Info
DAVID M. KLAUDER
Debtor's Attorney
1204 N. King Street
Wilmington, DE 19801
302-803-4600
Debtor's Attorney
1204 N. King Street
Wilmington, DE 19801
302-803-4600
Bankruptcy Info
Case #: 1:17-bk-11752
Case Title: Speed Vegas, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Speed Vegas, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of the Speed Vegas, LLC, including its Lease and such other leases and executory contracts. The core of the company business is the operation of a 1.5 mile racetrack with adjoining buildings providing offices, a retail shop, and a cafe and event space. Central to the company current and future business is its twenty-five year, triple net ground lease (the “Lease”).
You can contact the Seller (above) or click on the case # in the bankruptcy case information section to find additional documents and descriptions regarding these assets for sale.
Financial Overview
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Asset and Liability Summary ($)
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Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on June 28, 2018 at 11:00 a.m.
- Bid Amount: Must be $350,000 greater than the Stalking Horse Bid.
- Bid Increment: $100,000
- Bid Deposit: 10% of the proposed cash purchase price
- Bid Deadline: June 21, 2018
- Last date to respond: June 25, 2018