Wanna buy a classy downtown Ogden hotel for cheap? We received this interesting email query late last evening, from another sharp-eyed WCF reader. It was broadly interesting enough that we'll share it with our general WCF readership:
Marriot Hotel is on the Auction BlockYes. This is very interesting, indeed. We searched the S-E digital edition, and did find the notice, although it was a mite too small and faint to make out. We did also find it on the utahlegals.com website however, where it was available in a more readable form:
Did you see the notice in the paper this morning (Monday)? It was different than most notices and I've never seen one that was that big. There was no mention of a debt amount, and a lot of legalese. The thought that the fieldhouse is not dead and about to resurface came to mind. I thought that maybe you could look it over and make some sense of it since you understand legalese.
The property in question? "[A]ll that parcel of land situated in Ogden, Weber County, Utah described as follows to-wit: PROPERTY DESCRIPTION: REAL PROPERTY Legal description of real property known as the Ogden Marriot, 247 24th Street, Ogden, Utah."
The legal situation? What's happening here folks that a Florida-situated entity, namely BACM 2006-5 24TH STREET LODGING, LLC seems to have perfected a civil judgment against the legal owners of this property, attached the hotel property under a writ of execution and scheduled a sheriff's sale, such sale to occur (barring an interim settlement of the matter), on the Second Judicial District Courts Building front steps on the "23 rd February, 2012, at 2:00 pm o 'clock."
We're not going to let ourselves get overly worked up over this at this point, inasmuch as situations like this usually get resolved short of an actual Sheriff's auction. Nor will we speculate whether this situation may be the result of an overbuilt and stressed out local hotel market. We will be keeping a close eye on this nevertheless, in which connection we offer additional thanks to yet another sharp-eyed and alert WCF reader for providing the timely heads up.
So who wants to throw in their own 2¢?
12 comments:
I seriously doubt that the Marriott hotel chain will let a Marriott hotel in the hometown of their founder be sold at a sheriffs auction.
But I thought we had been basking in the financial and developmental brilliance of our former Mayor and his A=team! Doesn't his new spiffy website say he that everything he touched turned to gold?
The answer is obvious. This was not a problem until the misquided and misled voters of Ogden stopped seeing the brillance of Godfrey. This is what happens when the innovative genisu is no longer Mayor. I am certain that this will be an example of the folly of the illinformed who declined to supprt Godfey for a 4th term.
Wanna bet that if this is true Mariott pops up on another site.....i have my theory on what site....
Q: I wasn't here at the time so I have a question for those who were: did the city subsidize bringing the Crown Plaza hotel to Ogden [attached to the Convention Center] just prior to the Olympics, or was that an entirely privately funded venture? If the former, it'd make the Hilton the second upper end hotel in competition with the Marriott the city subsidized.
So, was city money involved in the Crown Plaza coming? I don't know.
Once again the WCF gets to it before the Standard....one would think (wouldn't they?) that there would be some sort of investigative reporting on this issue, no?
BTW....work on the hot tub hotel seems to be moving at a snails pace....hmmmm
A: Yes.
TY
Off topic warning:
The FBI has designated WCF readers as terrorists.
"Anti-government
extremists opposed to taxes and regulations pose a growing threat to
local law enforcement officers in the United States, the FBI warned on
Monday."
http://www.reuters.com/article/2012/02/07/us-usa-fbi-extremists-idUSTRE81600V20120207
If you are opposed to taxes and regulations, prepare to be targeted by the FBI. Read WCF before it is shut down.
Nonsense. It doesn't say "those opposed to taxes and regulations," it says extremists opposed to taxes and regulations.
Now that I've got a minute, I googled "site:ogdenethics.org eccles hotel" and got this (among others):
http://ogdenethics.org/councilminutes/2001/2001-04-17-rda-sp.pdf
Bob, I would venture to say that there most likely is a wide margin of interpretation as to what the government defines/considers a "government" extremist to be and what I consider qualifies as one. Regardless of wether or not you believe the comment above to be nonsense, what should concern you (and most of us on this blog) is we're not the ones empowered to pen the definition.
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