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Crowne Plaza headed to foreclosure auction – Berkshire Record

PITTSFIELD – Documents obtained by The Berkshire Courier confirm that the Crowne Plaza Hotel building will head to a foreclosure auction next month.

Santander Bank, the holder of the mortgage, filed paperwork with the Berkshire County Registry of deeds on Jan. 5 beginning the process.

The property, located at 1 West Street, will head to the auction block on Feb. 22 at 11 a.m. According to the auctioneer contracted by Santander “the subject property is currently a full-service, 179-room hotel that is franchised as a Crowne Plaza, which is a brand of InterContinental Hotels Group.  The property offers multiple food and beverage outlets; approximately 12,000 square feet of meeting and function space; indoor pool; guest laundry; Wi-Fi; business center; room service; fitness room; and a typical complement of back-of-the-house facilities.”

Calls to hotel management for comment were not returned by press time.

The purchaser must place a $100,000 deposit at the auction with another $300,000 of the purchase price due within five days.

Check next week’s Courier for a complete story.

Crowne Plaza headed to foreclosure auction added by on January 27, 2017
View all posts by Kameron Spaulding →

Article source: http://berkshirerecord.net/2017/01/27/crowne-plaza-headed-foreclosure-auction/

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