Downtown Hotel Sold Again
Posted: December 3, 2013
The downtown Eau Claire hotel and convention center was purchased on Tuesday for the third time in almost three months.
Entering the winning bid of $1.45 million was the former lender, Dougherty Funding of Minneapolis. $145,000 must be paid by the end of Tuesday. Dougherty Funding then has 10 days to pay the remaining sum.
It is expected that Dougherty Funding will sell the hotel instead of running it but a lawyer for the firm declined to comment.
More information can be found at the WEAU website