1675-11 Eden Roc ....
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u•ith the Eder; I:,,,'ill :.") . ..:41 ,.„ .•,.r if. -.•'-'7.• ar•,._.' ' .
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enou0s left over after nearly SH) -%'-•• '...• . •
• • million in mortgages,bark .,dater,, "IIII-Y II'ill 1;11% • • ' • :'.11:' '4VIIIV ' ., ..
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• ' taxes and administratite Lose.are 'h'rr I/II'l,'',' • l'•' '''• ", - ',Ils. ' '
paid oft to alto pay more than SI ri x•••al e••• .
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million owed to more than 4tx) lotro'N. 1.1.-- 1 I •• -, • .,:,. . .
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other creditors. I . . '5'' •
Eden Icrx- •
'Iøy LNCLUDE huriebny ten. . ."'
tractors, pulse": relations r•en, at• • • • ' ' • • • ••-•''
' tomeys,food and be%erage tupph. . , ' ' • 1, • ,,.•
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tharunkr,i ,.-• •:•,g pr..!.., ,'•
• & - -. en. trmel agents who say they •• .
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' ' a . didn't receive thee tommiscons for He had a "I 'I I I'I:I'll"' II" .r f
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stearin busineta to the hotel, very Lordir:,......, ., ..i Ple..."'I•II' ig ..........a. •
would-he guests wive tried to cancel makes at,excellent in puss, o
.• Garfinkle made no seere! of the . .. ., .. • ", c•-. o,.. ,r r 6 . ,e I..•r el
. • t and (ball get the,r money back, .
'''s''' ''
fact that he had muted two ....rd. .•
even i airr'enatire men and the
company eut d.an,,,, the tad,. in plum In the early POO.:n his
.',4* .
. j ' .„ . In the hat,a cabanas.Mary had re- halite N'',', -lat,rY on 'ha'10, er '-,jta' , ' '
i,•r•:, i,•. •-• ••,', 0 11..(1•11.
didra•Id.Pg ran 1 51'..511 4,:d Id.01,..111
- . • - leered Eden Rn" checks that . -ft. ••...,.!. -
- • . • S.:S(11,03 t.3!.••.I •n In ishour is , •aid;h..., ,.' ....,4.•
. . •.1. •• bounced,soine ftrr as Mite as SSO. ,., •--;Xi::•. ‘je'...r -., •
(the Or,..,:o -,• osroel as dc
e'--•••• . ' ' • Why dal the hotel go under? mire poll,A-5.of at Le 11.1 isern ' " -- '".I. 1/4. r -'..'.
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i.5....1-i• ". ' 1. .'.. klIdaIrli CM I -... • . “r11115111•
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1,...portly.40-)ear-0l4 GarfinMe. Flared or probation in lidera: l.( Of • ? .•
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(1 5 i.•••1 agrIll •' . . I' It•CIP1
c . • •
. / contriceol in New York last week, 5.05:1( In Newark in 1513 all,t a:';'.'.'. •., .• .••• .1•
, , ..ni4•
id dI,(VOW. ...if'.,5ri•has not
' -' refused to discuss the hotel with a PlcIAInX X'FIN it,a'aara•.4 inn '' . ' .-•....:::!.r.. ' D
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... . - Herald reporter, and attempts to spurn y it,,rarapot.e-.nt•rfell sr- r,„, - 10 is •,.. . . !.ei filed an unset rn;he...,11. the
....le Ins"arr..(01P111.5,,(.1151.5 Or
reach his attorney,Asher Fenster. Curlt•es Irl agersi a le.ommene.
"-ihelm.failed. He Min conceded in an inters'iew '•e.5,n5,1,,:at•rg the rninte• mai
.',• 11 • . • Ha,...a..,In a brief roireem . ThH
aitoo -Ith e Herald at the time that PDu*.
its iShip tir,)
d; ' ' • .
...(MA 1,/..C.A •otraiteni
••• • • . . with a reporter the day after the four years earlier he had been hilly At .Sr false time OA tin.' 16.r i
Rou was routing Into trouble.line.
hotaf cloud.Garfir.kle put much of in debt-to the Internal Retinue
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on adverue .morial Service and others-and had been
about him which, he said, drove on Lie serge of bankruptcy. 1.1 an he inns ft.'14 r....+11 met a fmkie's other pltrIsaffia,55(.11` II150
- . .
Ils-try other p•r...•I I. had dI DatIr
lividness away and made it hard IncRUT BY 1973. he said Pre bad user*ing cIerk In the Ilattbaladlg and III'''''sald ' i.e hullerial
- . . (.1.• • I •
• him to borrow money It reasonable made millions in real estate ant "ItsItruse. !..i .' /irate Aeon.
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6 what tad „ft all hr.„rd dab, and he For the neat two months, to 'r'‘''' ' .°,' l''r,' H'I".lhe Alm::
tadtIa:d.in hi han,,,.."pairt,,,A La., ,,,,rae a reals, ,„:ert,,r , •pread the pores •roond, "Ir.gasr ' . ' . ''''''''' •-e •.4''
4 . .
..- •*...n Slim an
an- i • No alio blamed a poor ronmer'ea' An,en...in air. He had just offered "4 'a`la .wa": t" r'"r"''e' '" '..''r.1''
' •i .. sou last year •nd g • Hp Poor the University of Miami more than stead of the ,at. lie ii;,,, "., ' -• •• ' • .!'..• • • •• :9:h st.rit
again . ••• • • . eto2001aa conditions. 33"'Winn for a new addition to the $1.1140 I's'!"I"'I'l'Il''"''''I'a ‘•3•' '
+SI sea, / : Bur MOM COURT records and [owe Art Museum (This offer was rad)month.NI,. r•i ...rf irls,r,o, .. ' % ' .. S '' .... ,
.nr11 Ca ' cneeersetl,,,n.t won present end f o• •elected the neat sear by numbees "se at II' u"• ', I,o• au 6:-:: ' ' '' ' •' I
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.', -I. .„,,, ar,. ,me,.. ,..e9ena,,e,„ .L.„„ sstro,set•••••.1 r.kt•••west.•••:co.t•• .•'••1.-•-,••••1..-•,, .
et fore-
Grarrti-c.".• purthased 0 In (:.•„ ite tnent• we, •Prod (.4rf.nkt• • . . 1
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:here's . I
..e•-, ...1973,a drrirent pxt we en-.g,,,
----• Ii.• It appears clear that the hotel it. hill_PrOto'se.) . ,
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) - .'.. - t. self didn't fail.The Eden Roc had at _ Loder teems of toe 1.:e :.. _ _, .,, .., . , . . •
I •-• •-a .." least moderately successful seasons laultharES'(°han Stoop look lash •"' 'L. ,','•i•i• r. ,.• • •• •
ir.ortgages for more than$4 mirlion g"'sa "a a' a"r"Ic‘'"Ia1 1.", . . • • .•. .
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"'. ' the last rao winters,alth sigh ban. 101 inn hotel jue.3 and a 099-year f mendinn,Grafton,Spills and Carr-
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-: quit business was down. dela. ,:-•• . ,
:ease on the land:under rt.Garfinkle
''• 'Muria LousufficIent Income to
.11IATS 11-IIAT :e a I iy an .
-...., ". lb. :,.. .1,trx,k over a first mortgage held
....take etre cf normal hotel opera.
I lit. 1 Id\ Rot., .,,„......,,
- •• tillr''''' I .::••:tions,' Freehling sa.d.
Ly the Aetna Life Ir.rrrr nee Co. press.,me,it..al i•of h
.•(In,,,..,-
I e•help nuke a$1.2 mirdon dean ple r ren.nd 11,11." lard rails!, , 6 ''' 'd' id'"''id"'''"I'''''"ma
.".. Ilu principal problemsst.piared
p 15
to be: WM, (Infurkle burrowed $1.1 I man Wo,,IN Kr .:•nrr. : ..!,(•.; I••'`,•• :I•. ..O
• • rd lit .011
'a• . ...•
mil;on from Me-Com
m .:cad Trait Wiener ,:t 11/,'...a f:r.tn of I••• ... ..."'t ' '...'' .'1' '''' .
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Too muds luxury too soon.ear-
•-•?ME,tap Meet the vat!by 20 per '''x C,"rs- (the I.N. IV...ern...al" httteri i•td-1..N.•••••••t.1:., lie ho. i ... . • • • • • .
- ' Illoi.?." ^,, Vbal• 11141 (0 1•1,15151. •(I 4. I.
I an It,r A tont! Inettnt•rt! tot nnne •••,,,
I
I Ark 11:•!..1,0 5 errl:a•Irak
.-.cent to provlie the tetra urn :e he
1 a e:,wanted and Is. saw_ epent more In'',7011A,as.....anq f',,.""[loin 111%000 for pot:dud' la lark 113 f,,.) r, at,.n ,t,,,„„,,,.,.. I
:....&Sri 62 milhon in ten's rifle 'al. 131°SS'I''Llaed'he IdliaI""'",I 'lid for the I dru Kra' it lid,,,,,, ;or,- ii;se,nkie used'a.; I:I.nn;;"
on
though whether ha actually pa 'Ii_ eraf.:01'w:lhho:(11•1 lane'a•ni !if..f10,!.ha•A potpie ril 1..I SIA104., .„a i • . '
-• 0 g•••!. ..p.;•ef.. 1,..• 411 n
.,. es:nti.Iset
rt.n :••••:tn..- .,,,,•,•„,,,,:, ,,•,,,,,,,,,, fr..,,,,,g
I .....,SOM.Oe fkO,bil:6 IS VIII the suhle,i t'w".") Othr trm
Harbtra Garfirkle ...a., !,1•4 .n tir,a,a:sr,base i,rjonen..•or pen& ..,..„1511. he.„...4 a,, i.d,-n Ian,
' •• • • .. :a!of lawatot.$).
••;: Too owls debt.Curfinkte said in Pill ClUti ftag.ii It i,reltaMtr of leg la adrorris ar.,:n•t the hotel 1 .1e.It tn p•. a 11 I h 1 t•tne t•trier
r ' :...ail bankruptcy petition that meat. he Ida" "r• t•••• ,•''' Waa h't After the ausmrious 1114,1,flintier h,,, !Mt A cht•ski bounced
quidurn In the rtn,t•:•fin.1,1%,,
•.:r gar psyrnen!I and interest came to , ' r • fitohl'Ill, 'Ph klY d.,eloPrd NU. :n tna ' Nitankruph .linn,. 114.
- •I!".°P.e"'h''4'I'-'"`',.I.l.the In I,Y s",',1 mans''4 th•ludel'a sue. hold listed.dem.ot more than SI
• - • •' SI., tr'llyrn a tear.
,.. Tem many„ha,lama. ,,n car, ho)e! •Aho tee t,.: ,•, war - p::ert begs.%.h.n..hr,11 a g fast,..tt •••• ...i..,or.. (,araak:a 1,4
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.•••!Garr.:k:r iitriy•I•er oroy a ft.',10,11.(15.
' 4 . • finhlea real estate emp•re -pri. &his r.t mole than gl t rt•tro•n•- • •
manly the purehast sot sate ..f I ''' III" 4'''• '. r!.-1'.!.• 40" "h" ''' 10".1 " Isa" l'IrrYth-Flt Ilool th'' 1"1", ',Ill'
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oh.,lo,I.a•I,AI,r;"•,.. sa:d. '
Apartment build Ing - teLan Ir. , PIIII II to h It.imed 1.1 I f 1,•n.p.•
IE.14•1).4.'•+,"r"'d"':^g""' .4 4 .'• f.' : .• r,.. I. „.: ., 111.11("Inal,',...;(d,'..1..:•''''''..5;r':;.".".'s-!.;7:‘ ';I!,"7.7,05•51. '..!'•'...:'.....7:.'•... ii5.),..ri.r..I.a..
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Roe IIVOITAI to h•fp pay h s other .., , ,, , . , , .
debt.and there put wasn't ensugh „ I_ ,.• • 4'•, '`....• I I II,o. '' 5' ' .'e! '-''• -e'••. : ._ ,.•,„
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a. ,1 I.•• the •/.•.•• .
• • . HIS TENANCIAL 515 II Nat 1,,,•‘; I ,...,•• 1r•' '''' Imo% .\., '1,•I. r , r..
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. , AA had that the 1-4,,. lea net no,,,, ...r:•• , ..,,1 • .• :i...,, I:.•,- -. ,•.. . .• .
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• • , 4777 ru.Tr... Ih-,..,%stir aim''I '""-:!!-----" • • • - ---•
sold at ow.,••• • .•.•.•, t,,1••.• .
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ilellnon p,•!,.••, .• ,•..•.-1 1., I , .1
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Eleldiniea(Mae in lintels and Inns:n I-,.,.,.
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