This property is Off-Market

2455 Dryden Rd.
Dayton, OH 45439 ·

177 Rooms · Hotel & Motel For Sale

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Bankruptcy Auction - Holiday Inn

Price N/A Property Sub-type Full Service
No. Rooms 177 Property Use Type Investment
Building Size 67,645 SF Average Daily Rate $38
Property Type Hotel & Motel
Listing ID: 15948373 Date Created: 10/17/2008 Last Updated: 12/04/2008

Description

Rooms: 177
Gross Square Footage: 67,645
Meeting Space: 8,000 SF
Year Built: 1969
Full Service: Yes, restaurant and lounge
Amenities: Pool, hot tub, sauna, exercise room
Land Area: 5.3 acres
Ownership Interest: Fee simple

Bidding (Updated)
Bid Deadline: December 2nd, 2008
Auction Date: December 4th, 2008
Closing Date: December 17th, 2008
Starting Bid: $2,275,000

General Capital Partners ( GCP ) has been retained as the financial advisor for two hotels, the 130 key Ramada Inn in Zanesville, Ohio and the 177 key Holiday Inn in Dayton, Ohio. The hotels are being taken to a bankruptcy auction. Both hotels will be separate transactions and interested parties may bid on one or both. GCP will be accepting bids and backup bids for the hotels.

In order to be a Qualified Bidder, the potential purchaser must (i) submit a written bid to General Capital Partners on the approved asset purchase agreement no later than November 12th ( Bid Deadline )and (ii) deliver an earnest money deposit to debtor' s counsel for ten (10%) percent of the total proposed purchase price in the form of a certified check or wire transfer by the Bid Deadline.

**Purchase offers must be ALL CASH**

Dayton plays host to significant industrial, aerospace, and technological/engineering research activity and is known for the many technical innovations and inventions developed there. The city was the home of the signing of the Dayton Peace Accords, which brought an end to the war in Bosnia. The Wright brothers, poet Paul Laurence Dunbar, and entrepreneur John H. Patterson were born in Dayton. The Dayton area is home to several major international, national, and regional corporations, including NCR, Reynolds & Reynolds, Cargill, ChemStation International, Liberty Bank, NewPage Corporation, Standard Register, WorkflowOne (formerly Relizon), Huffy Bicycles, LexisNexis, and Mead prior to becoming MeadWestvaco. It was formerly home of Speedwell Motor Car Company.

Research

2455 Dryden Rd., Dayton, OH 45439 (Montgomery County)

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