Property owner checks out

daysinnairportstory

A hotel across from Richmond International Airport is headed for the auction block.

A Texas bank is foreclosing on the 2.2-acre property at 5500 Williamsburg Road in Eastern Henrico that contains a Days Inn and Aunt Sarah’s Pancake House.

United Central Bank, headquartered near Dallas, will hold a foreclosure auction for the property Thursday at the entrance of the Henrico County Courthouse.

The owner of the property, Good Hope LLC, defaulted on the $1.7 million loan. Good Hope bought the property for $2.11 million in September 2008, according to Henrico County records. It is assessed at $939,000.

Good Hope is registered in Gainesville, Va. Registered agent Rajinder Singh could not be reached for comment. A message left for the owner at the motel was not returned by press time.

At auction will be the 92-room, 30,000-square-foot motel. It was built in 1974, according to county records.

Also part of the property is the 4,300-square-foot Aunt Sarah’s. It’s one of three locations in the area for the Richmond-based chain. It’s unclear whether the restaurant is part of the foreclosure.

The motel and restaurant remain open for business.

Joe Jackson, an attorney in Northern Virginia acting as substitute trustee on foreclosure, declined to comment.

Alvin Pedescleaux of United Central Bank’s special asset department said the bank does not comment on its foreclosures.

daysinnairportstory

A hotel across from Richmond International Airport is headed for the auction block.

A Texas bank is foreclosing on the 2.2-acre property at 5500 Williamsburg Road in Eastern Henrico that contains a Days Inn and Aunt Sarah’s Pancake House.

United Central Bank, headquartered near Dallas, will hold a foreclosure auction for the property Thursday at the entrance of the Henrico County Courthouse.

The owner of the property, Good Hope LLC, defaulted on the $1.7 million loan. Good Hope bought the property for $2.11 million in September 2008, according to Henrico County records. It is assessed at $939,000.

Good Hope is registered in Gainesville, Va. Registered agent Rajinder Singh could not be reached for comment. A message left for the owner at the motel was not returned by press time.

At auction will be the 92-room, 30,000-square-foot motel. It was built in 1974, according to county records.

Also part of the property is the 4,300-square-foot Aunt Sarah’s. It’s one of three locations in the area for the Richmond-based chain. It’s unclear whether the restaurant is part of the foreclosure.

The motel and restaurant remain open for business.

Joe Jackson, an attorney in Northern Virginia acting as substitute trustee on foreclosure, declined to comment.

Alvin Pedescleaux of United Central Bank’s special asset department said the bank does not comment on its foreclosures.

This story is for our paid subscribers only. Please become one of the thousands of BizSense Pro readers today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Uncategorized

Editor's Picks

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments