Hotel Online 
News for the Hospitality Executive



advertisement 
 
No Offers Made on the $6 million Copper King Hotel and Convention Center
 in Butte, Montana; Owner Begins Preparation for Liquidation and Demolition

By Tim Trainor, The Montana Standard, ButteMcClatchy-Tribune Regional News

Dec. 12, 2008 - --The owner of the Copper King Hotel and Convention Center said he has received no inquiries on his Harrison Avenue property since it has been on the market and that he is preparing for liquidation.

"We have had no interest whatsoever," said Ken Burningham. "I'm moving ahead with liquidating." Burningham said he promised Butte-Silver Bow officials in September that he would try for six months to sell the property "as is" before demolishing the building and selling the land, which was his original plan.

The 146-room complex closed Oct. 1.

"I've waited four months now, and no one has made a move, so come February we'll make our own move," he told The Montana Standard this week.

Burningham said he is organizing a liquidation sale for next spring followed by the building's demolition and then "selling the land to Asian investors." He said he has already discussed permitting options for tearing down the building.

"That's just what's going to happen," Burningham said. "No one has made any inquiries or looked at the place." Burningham purchased the hotel and convention center, located on 14.5 acres directly across from Bert Mooney Airport, for $1.5 million in 2005, he said in previous stories. He listed the property with Kissock Realty and is asking $6 million.

Butte-Silver Bow Chamber of Commerce Director Marko Lucich said he had been in contact with real estate agent Joe Kissock, but that he did not want to comment on the sale.

Butte-Silver Bow Chief Executive Paul Babb said the county has no interest in purchasing the hotel and is prepared to move on without it.

"For the county to spend $6 million and take on that property, that would be hard," Babb said. "We don't want to get into the realty business." When it closed in September, the Copper King employed 70 to 80 full-time people.

Reporter Tim Trainor may be reached via e-mail at tim.trainor@lee.net or call 496-5519.

-----

To see more of The Montana Standard, or to subscribe to the newspaper, go to http://www.mtstandard.com.

Copyright (c) 2008, The Montana Standard, Butte

Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.




To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Classifieds| One-on-One |
Viewpoint Forum | Industry Resources | Press Releases
Please contact Hotel.Onlinewith your comments and suggestions.