Hotel Online
News for the Hospitality Executive

.

advertisement
 
 

The 179 room City Center Hotel - Oshkosh, Wisconsin (Formerly Park Plaza Hotel)
Scheduled for Auction May 14, 2009
.

OSHKOSH, Wis.- April 2, 2009 - Maas Companies of Rochester, MN will auction the 179-Unit City Center Hotel - Oshkosh on Thursday, May 14, 2009 at 11:00 a.m. on-site at One North Main Street in Oshkosh, Wisconsin. 

The City Center Hotel - Oshkosh, formerly the Park Plaza, is a full-service hotel located in downtown Oshkosh adjacent to the convention center. The hotel offers travelers an exceptional location and close proximity to the river and local attractions. 

Potential buyers are encouraged to attend the public open houses or to schedule individual appointments: 

Monday, April 20 from 10 a.m. to 4 p.m. 
Tuesday, April 21 from 10 a.m. to 4 p.m. 
Wednesday, May 13 from 10 a.m. to 4 p.m. 

Auction buyers will need a $100,000 certified deposit on the day of auction. An additional deposit will be due within 48 hours to bring the total deposit to 10 percent of the purchase price. The balance of the purchase price is due at the time of closing within 30 days of auction. 

Attorney Richard Schmidt with Boardman, Suhr, Curry & Field LLP is coordinating the closing on behalf of the seller. 

"LENDER ORDERED AUCTION"

179 Room Full Service Hotel
Thursday, May 14 - 11:00 am
1 North Main Street
Oshkosh, WI  54901
City Center Hotel - Oshkosh, former Park Plaza 
Hotel & Personal Property Selling as an Entirety! 

8-Story Building 
Interior Corridor 
179 Guest Rooms 
129 Double/Double * 47 Kings * 3 Suites 
6,503 Sq. Ft. Meeting Room 
117 Seat Restaurant * 73 Seat Lounge 
Indoor Swimming Pool 
Guest Exercise Room & Laundry 

157± Space Parking Garage 
River Frontage 
Prime Downtown Location 
Adjacent to Convention Center 

Currently Operated by a Hotel Management Group 

INSPECTIONS 
Monday, April 20, 10:00 AM � 4:00 PM 
Tuesday, April 21, 10:00 AM � 4:00 PM 
Wednesday, May 13, 10:00 AM � 4:00 PM 
Thursday, May 14, 9:00 AM � 11:00 AM 
Other times by Appointment. 

Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his behalf, or on behalf of any business entity in which he holds an interest, is not entitled to a commission. 

Payment Info: $100,000 Certified Deposit due on day of sale, with a deposit equal to 10% due within 2 business days, and balance due within 30 days.

Details of the sale are available at the Maas Companies website, www.maascompanies.com or by contacting the auction company directly at 507-285-1444. 

Maas Companies Inc. is an international marketing company with considerable experience in successfully marketing industrial plants, equipment, and real estate, hospitality and commercial properties worldwide. 

.
Contact:

Jerry Ley
Sr. Vice President, Banker's Bank
(608) 829-5523

Maas Companies
(507) 285-1444 
 

.
.
.

 

.


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.