News for the Hospitality Executive
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.
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"
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.