The lender for the shuttered Melrose Resort on Daufuskie Island, S.C., will acquire the failed property after fending off an unexpected last-minute rival bid at a U.S. Bankruptcy Court sale on Wednesday, the Charleston (S.C.) Post and Courier reported yesterday. A federal judge said that he will approve the ownership transfer to Odeon Singapore Ltd. Affiliated with a Netherlands-based maker of sausage casings, the firm has sunk more than $27.5 million into Melrose. Odeon was able to use that debt to bid on the 420-acre seaside property and take title to it. It set the minimum sale price at $19 million in June and had hoped to sell it to another buyer, said its attorney, Michael Weaver.
