Gurney’s buys out timeshare owners to take full control of Montauk hotspot

George Filopoulos, owner of Manhattan-based Metrovest Equities, approved a plan to buy out the timeshare owners of Gurney’s Montauk Resort and Seawater Spa to take full control of the inn. Fil上海千花网

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opoulos, with his company 290 Old Montauk Highway Associates, bought the oceanfront resort in 2013. CBRE appraised the property at $84 m上海千花网

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illion and Filopoulos’ company used that number to calculate the amount each shareholder will get paid out — $11,881 per 100 shares, which The East Hampton Star reported is equivalent to about a week’s stay at the property. Many were happy with the way things shook out, but an Arizona-based timeshare owner is pushing forward with a lawsui上海贵族宝贝

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t claiming the $84 million valuation is too low. [上海同城对对碰交友社区

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East Hampton Star]

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