Hotel Online  Special Report


.

Accelerated Marketing Group in Cooperation with Tucson Realty
& Trust Retained to Conduct U.S. Bankruptcy Court Ordered
Auction of the 176 Room (former Ramada) at
5251 S. Julian Drive, Tucson on May 13, 2004
.
Irvine, California - APRIL 5, 2004 - Todd Good, National Director, Accelerated Marketing Group (AMG), announced today that the Accelerated Marketing Group, along with their Arizona joint venture partner Tucson Realty & Trust, has been retained to conduct on May 13, 2004, in the Honorable Eileen W. Hollowell’s U.S. Bankruptcy court, the auction of 173 room hotel located at 5251 S. Julian Drive, Tucson, Arizona.
 
“The property to be offered is the173 room hotel on 5.40 acres plus a 7,955 square foot stand alone restaurant on an additional 1.24 acre separately parceled property.   Both properties will be offered as one transaction.  Stated Rod Apodaca, National Director, Hospitality Division, AMG,  “This U.S. Bankruptcy ordered hotel auction offers the smart hotel investor an excellent opportunity to ”buy right.”  The Court has ordered the sale to have no reserves or minimum bids.  The Suggested Opening bid of $1,000,000 (or $5,780 per room) will be the starting point for the auction and may go up or down, subject to bidding activity.”  

The hotel is located just off Interstate 10 and is comprised of two separate buildings overlooking  four individual courtyards each with their own Jacuzzi™, and one main swimming pool.  The restaurant offers excellent frontage along Palo Verde Avenue.

All bidders will be required to, attend an open house, purchase a due diligence packet, show financial ability, pre-register and present a cashier’s check for $100,000 the day of the auction as initial earnest money.

On-site inspections dates are April 13, 28 and May 12, 2004 from 12:00p.m. - 2:00p.m.



Hotel Front Entrance
-

Restaurant Building
-

Hotel Pool

The Accelerated Marketing Group is a professional real estate accelerated marketing, brokerage and consulting firm located in Irvine, Ontario, and San Diego, California, Tucson, Arizona and Louisville, Kentucky.

For more information about this offer and the Accelerated Marketing Group please call (949) 253-4626.  Accelerated Marketing Group, 2102 Business Center Drive, Suite 155, Irvine, California 92612.

###

Contact:
Patti Zeis
Director of Marketing
Accelerated Marketing Group
2102 Business Center Drive, Suite 154
Irvine, CA 92612
(949) 253-4626, Ext. 190
(949) 253-4627
patti@amgre.com
www.amgre.com


To search Hotel Online data base of News and Trends Go to Hotel.Online Search


Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.