So, AXXA is trying to aquire a controlling interest, along with other parties, with money they don't have in order to then rent the facility to their affiliates? Too funny!
The distressed property is currently in the courts and Exxe Groups acquisition company has obtained a senior position in contractual negotiations that include several parties.
Exxe Group is positioned to either acquire a controlling interest in the property or to obtain a senior debt interest on the property through a combination of cash, privately structured capital investments and traditional bank loans. Once acquired, Exxe Group plans to generate revenue streams from this premier property as it becomes headquarters for Exxes affiliated companies in technology, AI, private equity and family office interests. Exxe Group intends to increase revenues from partnering with affiliated luxury fashion, film, music, fitness and wellness lifestyle brands which are part of the existing Exxe Group Connected Spaces network.
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