Historic Green Park Inn is sold, will be reopened
It opened in 1891, fell victim to poor economy in '09
BLOWING ROCK (By Monte Mitchell, Winston-Salem Journal) - After several failed attempts since last summer, the Green Park Inn sold at auction yesterday to a New England businessman for $935,000.
Gene Raice, of Garden City, N.Y., was the sole bidder during yesterday's auction and bid $800,000. But immediately after the auction closed he agreed to come up to the seller's reserve auction price of $850,000, plus a 10 percent premium.
Raice said he intends to have workers on the property as soon as the deal closes, and hopes to reopen the inn in three to four months.
BLOWING ROCK (By Monte Mitchell, Winston-Salem Journal) - After several failed attempts since last summer, the Green Park Inn sold at auction yesterday to a New England businessman for $935,000.
Gene Raice, of Garden City, N.Y., was the sole bidder during yesterday's auction and bid $800,000. But immediately after the auction closed he agreed to come up to the seller's reserve auction price of $850,000, plus a 10 percent premium.
Raice said he intends to have workers on the property as soon as the deal closes, and hopes to reopen the inn in three to four months.
posted by BP News Bureau | 12:06 PM
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