We intend to sell as an asset/real estate sale, not a sale of the operation as a hotel. The units were originally built to be sold as condos so each have a deed. Each building is split into 2 suites (except 1100 which is all one suite). There are 11 buildings; 21 suites. Each suite has its own electric meter and gas meter. Each building has a water meter. The property is set up to have WiFi available throughout, including the gazebo. The land is zoned MC. The sale would include all the contents, furniture and fixtures. The price is $3,500,000 for the 11 buildings, gazebo, and 1.75 acres.
The 10.3 acres of vacant land to the west and south have been sold and will be developed into an apartment project (175 units) and a storage facility.