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Amsterdam hotel headed to auction block

Saturday, April 20, 2013 - Updated: 3:51 PM

By REBECCA WEBSTER

Recorder News Staff

The America's Best Value Inn in the city of Amsterdam is back up for auction.

Mid-April legal notices detail that the 10 Market St. parcel of land will be sold via public auction at 11:30 a.m. on May 3 at the Montgomery County Courthouse.

The judgment amount is more than $3 million, the notice reads.

An auction had been originally planned for March 15 at the county courthouse, but Robert von Hasseln, Director of Community and Economic Development for the city, said the city had talked to the property owner about holding off in order to give the city a chance to help them find a buyer interested in boosting the property.

Von Hasseln compiled a list entitled "Top Twenty-five reasons to buy the America's Best Value Inn, Amsterdam, New York" and offered it to the broker of the property.

"I sent that to the broker and I said, look you've got all the information about the hotel itself, but would you send this around to your prospects, your potential clients, and he agreed and must of because I started to get calls," von Hasseln said.

Calls came in from interested buyers from Las Vegas, Florida, and Colorado who wanted to know more about the hotel and Amsterdam, von Hasseln said, and in following weeks he received regional interest.

But seeing the legal notice once again about the auction boggled him.

"I don't know at this point why it's gone back on the auction list. It could be several reasons."

The director said he has reached out to the broker to find out, but as of Friday had yet to hear back.

But von Hasseln said they did the right thing.

"We stepped in and tried to help it along for the good of the downtown and the good of the city."

Best Value Inn management personnel could not be reached for comment on Friday.

     

Comments made about this article - 1 Total

Posted By: A Downtown Amsterdam businessman On: 4/26/2013

Title: The real story! - The FACTS

The auction for March 15th didn't happen because the city stepped in, there were no qualified bidders registered to bid, so the auction did not take place. The city did nothing to stop it, but because of their one sided comments, caused the hotel to lose quite a bit of money with people cancelling reservations and functions.
Once the auction is completed, and there are qualified bidders for this auction, it will take a couple of months at least before the bidder that wins takes over the property after the paperwork, etc. is filed, so the hotel will be open the whole time. The management company presently running the hotel has a contract and that doesn't expire until the end of August, so the hotel is stable and will continue to be open. I have not heard of one of the parties registered are interested in closing the hotel, they plan on rehabbing the property and improving the hotel and keep it functioning as a hotel.
It would have been nice to see that when the hotel applied for the facade grant for downtown, that the politics of the Mayor stopped it, and the outside of the hotel would have been updated and look nicer on the outside. She says that she wants it to look nice, but then she stops the grant that would have made a difference.

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