Selling a Hotel at Auction?

Thompson Carr Auctions is making a statement with Hotel Auction Sales! In the past 18 months they have taken 6 hotels to auction with 4 more in the pipeline. Selling a Hotel or Motel at auction is a specialized field which Thompson Carr seem to have found the knack for. With total sales reaching $20,000,000 this has turned out to be a better than average year. Thompson Carr Auctions is not just a local company anymore either with auctions from Kentucky to Alabama. The dynamic team at Thompson Carr leaves no stone unturned to find prospective buyers for the Hotels and Motels. They carry out marketing on a local, regional, national and even an international level, have managed to obtain lists of Hotel Owners and Investors from all over the United States assuring the seller that they have done there due diligence. "In our experience a Hotel/Motel is most often purchased by an existing Hotel/Motel owner. The buyers tend to group together and buy percentages each to make up the whole" says Todd Thompson, partner at Thompson Carr. "This is obviously something that works for them as we see this model repeated over and over again". Upcoming at the end of this month will see the team at Exit 52 on I75 in Athens, TN selling a 110 unit motel on 9+acres with restaurant. With E-Z on and off exits from Interstate 75, Interstate billboard and exit signage this is sure to prove to be one of their best auctions yet. The Travelodge will go under the hammer on July 30th 2009 Onsite at 1pm.

No Minimums No Reserves Auctions in Tennessee

Thompson Carr to ABSOLUTE AUCTION 3 Lots in the prestigious subdivision - Landing at River's Edge! Wayne Mitchell one of the developer's of this luxury subdivision, just 15 minutes from Knoxville's East Town Mall have decided to try something a little different. Wayne said recently " we thought long and hard about our descision to do a "Kick Off Auction" and decided in these economic times this would be something different". Thompson Carr Auctions one of the region's most sort after auction companies agreed staraight away. Dale Carr, Partner stated "As soon as we visited the subdivision we knew it was an auction we would love to conduct". With its own 3000 ft Private Airstrip and plans for Golf and Country Club this is surely one of East Tennessee's more luxry developments. The Auction will take place on site at the subdivision and will be a buyer's choice event. Melanie Sims from Thompson Carr Auctions explained "a buyer's choice auction basically means that who ever is the highest bidder gets to choose how many and which lots they want to buy" "it is very easy once you get used to the process". Some pilots are flying in for the start of the auction and are anxious to bid on the "hangar lots" other interested bidders are looking at the river front lots. This will be a catered event with free lunch provided by the Thompson Carr Auctions. Don't miss out on this opportunity to buy at ABSOLUTE AUCTION PRICES on SATURDAY APRIL 4th, 2009 @ 11am. Call Thompson Carr Auctions for more details and an information packet. To interested Realtors with their own clients, Thompson Carr Auctions are offering 2% Broker Participation provided you sign your client up prior to auction day. A Broker Participation package is available from Thompson Carr Auctions.

Thompson Carr Auctions the Unstoppable Train?

Saturday June 28th, 2008 saw Thompson Carr Auctions in Newport, TN and Douglas Lake, TN with two major Auctions. First thing Saturday the Auction Team sped their way to Newport, TN to Auction the Walter Thomas Estate Sub-Division. 10 tracts of land at Auction prices. The weather, which again co-operated and was cooler and breezier than usual for this time of year, drew bidders from all over Tennessee to buy tracts in this new development in Newport. Bidding was hot and heavy and prices were realized beyond any one's expectations. Soon after bidding was over the Thompson Carr Auction team hi-tailed it to Douglas Lake to sell two tracts of land with Lake access. Again the weather co-operated with the Team and a huge crowd greeted them when they arrived at the Auction location. Property Auctions are obviously fast becoming the way to sell your property and bidders and sellers alike were in a frenzy. After a couple of stalls in bidding the end result for bidding on the two tracts of land was amazing. Dale Carr of Thompson Carr Auctions said of the prices achieved on both Auctions "proves there are still buyer's out there willing to get what they want regardless of price. This was a very successful day for all involved and shows us that regardless of what the regular Real Estate market is doing, Auctions are not suffering". When asked why clients take their properties to Auction? Dale replied simply "Auctions put the seller in charge, with the regular Real Estate method of selling the Buyer is in charge. The Auction method is on a timeline and the seller knows when he or she will get their cash". "Now with the introduction of ONLINE BIDDING direct on our website we expect to see a huge increase of buyers"! Dale stated.

Thompson Carr Lands Auction @ Le Conte Landing

Thompson Carr Auctions is again excited to offer 40 lots of Le Conte Landing Subdivision Phase II at Absolute Auction. This second phase of this popular Sevierville subdivision has been eagerly awaited within the Great Smoky Mountains communities. Mountain views, restrictive covenants and less than 5 minutes to shopping, hospitals and attractions have made this one of the most popular areas in Sevier County. Thompson Carr will be bringing down the hammer on 40 lots out of the 60 within Le Conte Landing. The lots will be sold Absolute, Buyer's choice method where the highest bidder can choose how many and which lots they want to buy. Le Conte Landing is centrally located close to all amenities with panoramic views of the Great Smoky Mountains National park making this a perfect location for your dream or vacation home. Dale Carr part of the Thompson Carr team has been involved with this subdivision from its inception. "One of the great joys of my job is to watch a development come to fruition, and this development is no different. From plotting out the best use of the land to getting bids on excavating and water treatment to watching the entrance way built." says Dale "making this akin to raising a child and then the Auction is like sending that child off to College". Thompson Carr will take this baby to Auction June 21, 2008 @ 10:30am onsite at Lot number 144. Lunch will be catered by Victory Baptist Church and for those of you who attended the LashBrooke Auctions you know how aweseome that will be!

Lake Front Community attracts overseas bidders

Saturday May 24th saw Thompson Carr Auctions at a lakeside venue selling lake front lots to the highest bidder. Thompson Carr Auctions, who were announced as the largest Auction Company in East Tennessee a few weeks ago seem to have captured the market for auctions channeled towards international buyers. In the current Real Estate climate finding bidders from overseas is important for the sellers of Real Estate. Dale Carr one half of the Thompson Carr team stated after the auction on Saturday, "In the current market we have to expland our ideas and sphere of influence to include new ideas for getting the word out about our auctions. Overseas buyers are a particularly untapped market and Europeans, especially with the exchange rate, are excited about buying property for vacations, second homes, investment or retirement spots." Thompson Carr are moving away from traditional advertising for auctions and moving towards holding auctions online and marketing to a broader spectrum of the public through internet advertsing.

Saturday's auction saw bidders from as far away as Florida and Arizona and Great Britain and Spain. An auction needs to satisfy both buyers and sellers, Thompson Carr Auctions appears to have found that happy balance. Location is everything in Real Estate and Thompson Carr certainly have the perfect location being minutes, literally, from the second most visited National Park in The States makes Sevier County and The Great Smoky Mountains National Park and investors dream.

Sevierville Auction House another Absolute Auction Success!

Amid torrential rain and gail force winds Thompson Carr had a great turn out for their Auction of property on Flat Creek Road in Sevierville. Buyers turned out despite the stormy weather to bid on Billy and April Jones' homes at Absolute Auction. Investors looking for bargains were out in full force knowing that this is the market they like to buy property in. The nationwide housing slump seems to have effected all parts of the country except the Sevier County residential, land & commercial marketplace. Auctioneers Todd Thompson and Dale Carr of Thompson Carr Auctions commented Friday after another successful Absolute Auction; "Our auctions don't seem to have been negatively effected, in fact the reverse is often the case. We are booking more Auctions and increasing sales, the slump appears to bringing out more bargain hunters for the housing market". As with any down market including this one when prices are down that seems to be the time to buy. Thompson and Carr also commented they are using new and innovative ways to get news of their Auctions out to the general public. "We are adjusting budgets to reflect internet buyers and international buyers". This week sees the launch of their new look website which they hope will draw even more clients from across the country and Europe.

Radio Station Tunes into Auctions!!

Public AuctionThursday, June 12, 2008 @ 2:00 P M415 Middle Creek Road, Sevierville, TN(Former Dollywood Radio Station & MIXX 105.5)Corner of Middle Creek and Veterans Blvd.PRIME COMMERCIAL PROPERTYFee SimpleUnprecedented Offer!!HIGHLY VISIBLEWaterSewerGasZoned C4Thompson Carr Auctions are excited to offer this excellent lot on the corner of busy Veteran’s Boulevard and Middle Creek Road. For many years Middle Creek Road was the main thoroughfare for all the traffic from Dolly Parton Parkway towards Pigeon Forge.With the construction of the new Veteran’s Boulevard, this parcel has become not just a piece of land on the road, but has become a highly visible, desirable corner lot for your commercial needs.With the new Veterans Boulevard slated to extend over Highway 66 and the opening of the new Hospital this lot is set be one of the busiest corners in this area.Join Thompson Carr Auctions for this exciting event!This .49 acre lot is currently Zoned C- 4 allowing several applications.Available Uses:Grocery StoreShopsProfessional ServicesRestaurants or ClubsHotel/Motel/LodgeStrip MallsAuto Repair/Mobile Home SalesAmusementsBeauty ShopLaundromatAnd many more uses3523 sq ft building and could be renovated for just about any business you may anticipate. This excellent location, with the condos behind and just road frontage in the front, keeps any building on this lot visible 365 days a year.Don’t miss this opportunity to buy at auction some of the most desirable land available, as land on Middle Creek Road is rarely every offered for sale.Preview: Wednesday June 11th 2 – 6pmTerms: 10% down day of sale, balance at closing within 20 days of saleBroker Participation: 2% broker participation being offered, call office for guidelines and fax or e mail package.
Labels: Auctions in Sevierville, Commercial Lot Sevierville, Commercial Real Estate, International Auctions, Sevierville Real Estate, Thompson Carr Auctions