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.
