Sources Sale of Prospective Camellia Bay
Equity Development Systems, Ltd. (EDS), acting as transactional advisor to Apex Bank, identified and arranged for the sale of the former Lake Shore Marina (Torres Properties) site in Slidell, Louisiana, to Peninsula Pacific Entertainment (P2E) for its proposed new Camellia Bay Resort, Casino, and Marina.
P2E is a developer of quality gaming and entertainment destinations that enhance the communities where they are privileged to do business. Their properties include del Lago Resort & Casino, Hard Rock Hotel & Casino, Colonial Downs Racetrack, and Rosie’s Gaming Emporium.
“EDS has significant holdings in Slidell, and we welcome the P2E organization to the community and the tremendous economic development that CamelliaBay Resort, Casino, and Marina represents to the region,” states EDS Managing Director, Steven N. Siegler. Mr. Siegler led EDS’ team of transactional advisors to Apex Bank in arranging for the sale of the site to P2E. Siegler states, “This is truly a win-win transaction for Apex Bank and P2E.”
EDS’ Distressed Assets Group represents many of the world’s leading financial institutions, attorneys and law firms, secured creditors, investors, and myriad other stakeholders in the management and disposition of Distressed Assets and Special Asset Situations.