Downtown Hotel's Future Still Unknown
Posted: October 21, 2013
The downton Eau Claire hotel's ownership is again unknown as Minneapolis investor Wayne Miller of SBM Holdings who won the hotel in a September 17th sheriffs's auction failed to pay the remeaining $1.48 million by the October 18th deadline.
No deadline extension requests were received by either the Eau Claire County Clerk of Court office or Judge Jon Theisen, who presided over the auction. Additionally, Miller never spoke with the City of Eau Claire about renewing the licenses to keep both the hotel and the bar in operation through the upcoming change in ownership.
It is now the responsibility of Dougherty Funding - the Minneapolis-based investment firm who financed the Singh Brothers Hotel Management purchase of the then Ramada Convention Center in 2004 – to notify the auction’s runner up, Attorney Allan W. Van Dellen.
Ten days is then given to Van Dellen’s client to come up with the money to purchase the hotel if they so decide. If they decide not to purchase the hotel it will go back to auction for a third time.
For more information on the hotel, read the full article here.