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What does it look like when two hotels sell as one?

It looks like one clock: two hotels, 202 rooms and 14.58 acres in Erie, Pennsylvania, sold together in an online-only auction. The starting bid is $2,000,000, and bidding closes October 22 at 4:00 PM EDT, run by Transition Auction Group.

Two hotels, one parcel, one clock.

In Erie, Pennsylvania, a 110-room Quality Inn & Suites and a 92-room EconoLodge, 202 rooms in all, share 14.58 acres. Transition Auction Group is selling them together in an online-only auction. Bidding opened October 5 and closes October 22 at 4:00 PM EDT, with a $2,000,000 starting bid.

What it shows: a fixed schedule gives every bidder the same terms on the same day.

See the Erie auctionTransition Auction Group

Questions? Adrian Walters can be reached at 740-558-8377 or info@transitionauctiongroup.com.

Auction conducted by Transition Auction Group. Adrian Walters is a Senior Advisor with eXp Commercial and a Founding Member of Red Ball Commercial Group.

Speaking of hotels: a 52-room Baymont by Wyndham near Toledo Airport opens for bidding on October 12.

Sources

  1. Hospitality portfolio, Erie, PA: Transition Auction Group

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