Monday, March 2, 2009 11:51 AM By Dana Wilson

The Columbus Dispatch DELAWARE, Ohio -- The Delaware Hotel, which closed last fall, will be auctioned at a sheriff's sale scheduled for March 18 at 10 a.m.

The four-story hotel at 351 S. Sandusky St. was condemned in September after city inspectors found safety- and health-code violations.

Violations included inoperable smoke alarms or alarms without batteries in roughly 95 percent of rooms; vacant rooms containing food scraps; improper electrical connections on air-conditioning units; exposed wiring and uncapped electrical boxes; and bathroom water leaks and mold.

The minimum bid for the hotel and roughly 5.4 acres of land is $860,000. The appraised value is about $1.3 million, according to liquidator and auctioneer Gryphon USA, of Lewis Center.

Prospective buyers can tour the property March 11 and March 16 from 1:30 p.m. to 3:30 p.m.

"While the property needs some corrective actions before the business can re-open, any experienced operator can accomplish what needs to happen quickly and re-start the business into a profitable venture," Gryphon President Richard F. Kruse said in a news release.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Ohio Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Ohio Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

 
This post has been included in Ohio Information Delaware County, OH Information Delaware, OH Information
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3 Comments on Delaware Hotel to be auctioned at sheriff's sale

MAR
03
415,897 Points 17 Featured Posts Outside Blog

Those are some serious issues! Is this being sold with the assumption that the buyer is going to tear it down?

3:13am • #1
116,568 Points 9 Featured Posts Outside Blog

The property acutally has great bones, but it needs an overhaul.  It would be too bad if it were torn down.

4:59am • #2
AUG
11
Hello everyone. I am more and more convinced that our happiness or unhappiness depends more on the way we meet the events of life than on the nature of those events themselves. I am from Papua and also now'm speaking English, please tell me right I wrote the following sentence: "To of howard miller wine cabinets, wine racks, and wooden bars wooden curio cabinets." THX :p, Carissa.
Carissa
7:06am • #3

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Rich Kruse

Columbus, OH

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Gryphon USA, Ltd.

Address: 9387 S. Old State Rd., Columbus, OH , 43035

Office Phone: (614) 885-0020 x 17

Cell Phone: (614) 885-0020

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A lighthearted and informative look at the real estate and asset sale professions. The Gryphon Organization provides real estate, auction and asset management services through a variety of subsidiaries including Gryphon Asset Management and United Country Ohio Realty & Auction Group.


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