Developer of planned Nicky O hotels files for bankruptcy

03/29/2007 | Miami Herald (free registration), The

The Breakwater and Edison hotels in Miami Beach, Fla., once slated to represent heiress Nicky Hilton's debut into the lodging industry, have filed for bankruptcy. Condo-hotel converter Robert Falor was in a deal with Hilton to convert the adjoining hotels, but the deal fell apart in February and a lender suing Falor for $36 million says the developer did not deliver other celebrity endorsements.

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Miami Herald (free registration), The

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