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.