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$2 Million Hotel Selling for $11 per Chance |
You can look this gift horse in the mouth. The romantic 17-room Victorian hotel, dating from 1886, was recently modernized and completely re-furbished, remaining true to the traditional Scottish furnishings and architecture. Amenities include a highly rated restaurant, a conservatory with panoramic views, a large garden, ample parking on the grounds and even a resident ghost. The property overlooks Oban Bay and the Hebridean Islands and is a few minutes' walk from the Scottish harbor town of Oban, which is known for its whisky and close proximity to several world-class golf courses. The hotel is in top condition with a net asset value of nearly $2 million (2,260,000 Euros) not including the projected earning rate of over $85,000 (100,000 Euros), and has no mortgages or other hidden costs. The winner gets the hotel complete with staff, management, suppliers and a great many bookings for summer 2003. The only condition is that the eventual winner continue to run the Kimberley as a hotel for the rest of the season before contemplating any other use. Entries are being accepted online until June 30, 2003, and the raffle will be broadcast live on the Internet in mid-July. A notary will monitor the proceedings. In addition to the grand prize, there are 20 second prizes of a week's stay for two at the hotel. Participants' accounts will not be charged until the drawing takes place, which will only occur if a total of 350,000 virtual slates are purchased. In the event that the raffle does not draw 350,000 entrants, Baldauf will place the property on the conventional market. Already, four potential buyers are bidding on the hotel. |
Contact:
Peter Himler
+1-212-614-4082 [email protected] Kimberley Hotel http://www.kimberley-hotel.com/ |