Celebrity Justice
Nicky-O Hotel a No-Go

The South Beach hotel that entreprenheiress Nicky Hilton had hoped to reinvent is now bankrupt and heading to the auction block. No rooms at the inn!
Nicky Hilton
After a failed conversion to condos, a federal judge has ordered the oceanfront Breakwater and Edison properties be sold to the highest bidder to satisfy a mortgage and penalty debt of $60 million! Paris's lil' sis signed a licensing deal last year to turn the 95-room complex into a boutique hotel with news tickers in the elevators, a signature scent and a $5000-a-night penthouse designed by Roberto Cavalli.

"I've been around hotels my whole life," she told People in July 2006. "I know a good hotel when I see one."

Or not.



Tags: Nicky Hilton, NickyHilton

Reader Comments

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16. Or....maybe it was just an endorsement deal and she had absolutely no operational control? Maybe it's closing didn't have anything to do with her, but rather resulted from mismanagement on the developer's end?

Come on people....don't just spit out nasty comments because you think you're entitled to an opinion because she is often in the media spotlight. That's classless.

Posted at 8:13PM on Nov 5th 2007 by jc

17.
Tourism worldwide & hotel sales going through the roof but Nick picks the 1 loser.

Posted at 8:14PM on Nov 5th 2007 by 1

18.

Paris & Lindsay & Brit - that is what we want - who is this Nicky - though $60M loss is impressive.

Posted at 8:20PM on Nov 5th 2007 by 1

19. Her parents gave their uneducated, unworthy daughter the responsibility of running a $60m hotel. Hey Kathy and Rick, how about springing for a little education for the girls. What a joke. Just because you have money doesn't mean you have brains.

Posted at 8:25PM on Nov 5th 2007 by jj

20. nikki who?

Posted at 8:29PM on Nov 5th 2007 by jerry sucks

21. I'm sick of those two........I wish Paris and Nicky would both disappear off the face of this planet............literally

Posted at 8:31PM on Nov 5th 2007 by ihateparishilton

22. This undertaking was a corpration and Nicky is not personally liable for the debts a corporation incurred.

There was a lawsuit filed against her in Los Angeles but it was thrown out last Spring.
I like Nicky.

Posted at 8:33PM on Nov 5th 2007 by Jeanne

23. I just read this story, and I'm going to have to call "AIRHEAD" on this one...

Typical hilton arrogance. She's been in a hotel, and suddenly she knows about how to create & run them? With it's own signature scent? Puh-leeze; it sounds like this is the fantasy of a young girl who thought that her last name entitled her to play in the yard with the big boys. Well, she found out that not only didn't she know what she was doing, but no one took her seriously. They just took her money for her idiotic, unresearched ego trip, and laughed all the way to the bank.

Nicky, stick to showing up at parties and acting bored & indifferent (or dancing on tables without any underwear), like your idiot sister. It doesn't require any brainpower or education (which both of you morons lack), and is all you're good for. Now, pull up your skirt so the photographers can take pictures of your privates, just like your dumbass sister pair-ASS...

Posted at 8:36PM on Nov 5th 2007 by GEEZ-USSS...

24. Nicky, maybe you should sleep with THE DONALD so he can give you some lessons in how to run a hotel! Even his BIMBO daughter can do a better job than you!!! Or else start making porn movies like YOUR SLUT SISTER. Too bad all your money and family connections couldn't buy you some intelligence and/or CLASS.

Posted at 8:36PM on Nov 5th 2007 by Nicky is the UGLIER Hilton sister

25. I remember seeing that lawsuit.
It was the builder who had financial problems, it wasn't Nicky Hilton's fault.
The same builder also had previous problems on a project in Chicago.
No, Nicky had nothing to do with the hotel building going belly up. They could not touch her on that.

Posted at 8:40PM on Nov 5th 2007 by Joe

26. She should've gotten an underage celebrity to get wasted in there, and then get a DUI ...then she would've been the talk of the town. I'm sure the matresses were comfortable.

Posted at 8:42PM on Nov 5th 2007 by SuperstarSteve

27. Heh, it's what the ignorant, spoiled bitch deserves for being so pretentious.

Posted at 9:09PM on Nov 5th 2007 by sarah

28. I just read the FUNNIEST thing. The Hiltons hardly have the cash they profess to have. An interesting article in the latest Vanity Fair magazine discusses their insatiable need for incoming cash, how the family really pushed Paris' skank tape, how mommy Kathy pimps herself out as scenary for as little as $5000. Nothing is ever what it seems!! How gullable are we? Nikki seem the most sane of all though....

Posted at 9:26PM on Nov 5th 2007 by hot_homo

29. Signing a licensing agreement with Falor was a huge mistake in judgment.
It's prime real estate, but in today's market, converting a hotel such as this into condo units with plans as ambitious as these was risky...especially, with his track record in recent years.

Posted at 9:42PM on Nov 5th 2007 by GeorgiaMrk

30. Forget about Dog the racist and take a peak at the comments made by Nicky Hilton. I have heard at least two taped conversations of her in a club saying " those f*king poor, stupid, nig**ers"!! She is so ignorant and entitiled that she can't even stand to be around black people. Listen to the whole Dog tape and you will see tthat he person who is really pathetic is the son and the girlfriend trying to make money by selling out family. Karma is a bitch!!!!!!

Posted at 10:25PM on Nov 5th 2007 by cookie

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