Description

Stuart Extended Stay Hotel

Lender orders 126 room former Suburban Extended Stay Hotel by Choice Hotels sold to the highest bidder

Description:
Sells to the Highest Bidder - LENDER OWNED PROPERTY - This is your opportunity to buy this 9 year old, full service exterior corridor hotel. Room features include well equipped kitchens with microwaves, refrigerators, coffee makers, cook tops and utensils along with premium cable and internet access. There is also an on-site guest laundry facility. The subject property is located on 2.21+/- acres with 132 parking spaces with a highly visible location. The hotel operated as a Suburban Extended Stay Hotel by Choice Hotels until October and the new owner may re-affiliate with this brand or explore alternative franchise affiliates.

On-site Auction:
December 3, 2009
11:00 AM EST

Address:
1900 South Federal Hwy
Stuart, FL 34994

Terms of Sale:
10% Buyers Premium. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold "AS-IS, WHERE-IS". In order to bid at the auction, a non-refundable deposit of 10% ($100,000 minimum) of the purchase is required and closing within 30-days. Broker participation invited. Complete terms and conditions will be provided prior to auction day.

To receive the Property Information Package, go to the property page for this hotel at natcomauctions.com, click on the documents file, download the Confidentiality Agreement, complete, sign and fax it to National Commercial Auctioneers.

In Cooperation with: Atlantic Real Estate Services, LLC; Broker # CQ1034940