The Quincy City Center Hotel is situated between 4th Street on the east and Gardner Expressway (3rd Street) on the west, with York Street to the south. The Hotel is just south of Maine Street, or U.S. Route 24.
According to Johnson, “This is a tremendous opportunity for an experienced hotel operator or investor to acquire a full-service hotel with significant banquet capabilities. Alternatively, this quality constructed block and steel atrium building has other potential uses which could include assisted living, residential development, or Quincy University student housing.”
The auction opening bid is $200,000 and an initial earnest money deposit of $30,000 is required in order to participate. The online auction will be held on Wednesday, October 23rd, 2013. Property inspections will be held by appointment only. CBRE representatives will be available to answer questions about the auction process, procedures, as well as the property.
Detailed property information will also be available for review including the purchase and sale agreement. For this, and other information about the auction, including the terms and conditions of the auction and a brochure, prospective bidders should visit www.cbre.com/auctionservices, or call CBRE Auction Services at 800-815-1038.