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Hotel Business and Related Assets in West Virginia
Listing Information
Attachments
Hotel Business and Related Assets in West Virginia
Price: Not Specified
Other Item Info
Item #: wvnbke_73677
Created: 04/07/2018
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Morgantown, West Virginia
Sale Date: Tue. May 22, 2018
Created: 04/07/2018
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Morgantown, West Virginia
Sale Date: Tue. May 22, 2018
Seller Info
Salene Rae Mazur Kraemer
Debtor's Attorney
331 Jonquil Place
Pittsburgh, PA 15228
412-427-7075
Debtor's Attorney
331 Jonquil Place
Pittsburgh, PA 15228
412-427-7075
Bankruptcy Info
Case #: 1:17-bk-01105
Case Title: D&M Investments, Inc.
Court: West Virginia Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: D&M Investments, Inc.
Court: West Virginia Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of D&M Investments, Inc. and MNM HOLDINGS, LLC. D&M operated a hotel doing business as “Ramada Morgantown Hotel & Conference Center of Morgantown" located at 20 Scott Avenue, Morgantown, WV (the “Hotel”). The Hotel structure is owned by MNM Holdings, LLC. D&M had operated the Hotel as a franchisee of Ramada Worldwide Inc. The seller's are not selling the Hotel as a “Ramada”® branded hotel. MNM owns the Hotel and certain real property and improvements including approximately 9.9 acres on which the Hotel is situated at 20 Scott Avenue, Morgantown, West Virginia. The sale alos including equipment, contracts, leases, and permits.
Financial Overview
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Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on May 23, 2018 at 10:00 a.m.
- Each initial Bid Proposal shall be in the minimum amount of $200,000.00 in excess of the Stalking Horse Bid.
- Bid Increment: $50,000
- Bid Deposit: 10% of the purchase price
- Bid Deadline: May 9, 2018