Assets of Amusement Park and Hotel Business
Listing Information
Assets of Amusement Park and Hotel Business
Price: $1,200,000.00
Created: 01/22/2021
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Date: Tue. Mar 2, 2021
Debtor's Attorney
125 First Avenue
Pittsburgh, PA 15222
412-338-2817
Case Title: Trustees of Conneaut Lake Park, Inc.
Court: Pennsylvania Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of Trustees of Conneaut Lake Park, Inc. (the “Seller”). The seller is the owner of certain real Property located in Sadsbury and Summit Townships in Crawford County, Pennsylvania, as depicted in the drawing attached as Exhibit "A" attached hereto and incorporated herein and as more particularly described in a deed dated September 15, 1997 and filed in the Crawford County Recorder's Office at Instrument No. 9700010144 and a deed dated August I, 1997 and filed in the Crawford County Recorder's Office at Record Book 355, Page 911 (collectively, the "Deed"), less any out sales (the "Property"). Seller owns and operates on the Property a vintage amusement park, a water park, a camper rental area, a boat marina, and a water supply company (collectively, the "Business"). In addition, the Seller owns the Hotel Conneaut (the "Hotel") which is operated by a third party pursuant the Hotel Conneaut Lease Agreement dated January!, 2016 and its extensions (the "Hotel Lease").
The sale assets include, but are not limited to, the following categories: the seller's Water System, Amusement Park, Water Park, Hotel Conneaut Property, Boat Dock System, Camperland, Contracts, Permits and Assignments, Intangible Assets and post-closing receivables.
Financial Overview
Additional Details
- Auction and Sale Hearing Held on March 2, 2021 at 10:00 a.m.
- Bid Amount: $1,300,000
- Bid Increment: $50,000
- Bid Deposit: $50,000
- Bid Deadline: February 19, 2021
- Last date to respond: February 17, 2021