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Accelerated Marketing Group Announces the Absolute
Auction of the 205-room Ramada Inn Conference
Center, Lebanon, IN on Thursday,
September 30, 2004
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Irvine, California – September, 2004 – Rod Apodaca, National Director of Hospitality and Lodging, Accelerated Marketing Group (AMG), announced today that the Accelerated Marketing Group, has been retained to conduct the auction of the 205-room Ramada Inn Conference Center, Lebanon, Indiana on September 30, 2004.
 
This is an outstanding opportunity to purchase this full service hotel.  The sale shall proceed on the basis that there is no ‘reserve price’ or ‘minimum bid price’ the suggested opening bid of $1,500,000 (or $7,317 per room) is the number at which the Auctioneer will start the bidding (bids may advance or decline from this point).  Substantially remodeled in 1999 as a Holiday Inn at a cost of over $5,000,000, the property was appraised August 8, 2004 at $5,200,000.

With mostly interior corridors overlooking courtyards that include an indoor swimming pool, jacuzzi; and playground the property has consistently won the prestigious Gold Key Award from Ramada.  The one- and two-story buildings are situated on approx. 11.3 acres of land and feature over 8,400 square feet of state-of-the-art conference and meeting space, a full-service 104+/- seat restaurant with a 40+/- seat cocktail bar and lounge.  The property 


Ramada Inn Conference Center
Lebanon, Indiana

Indoor Pool
will be delivered free of franchise agreement.

The hotel is located just 15 minutes from Indianapolis and has exceptional freeway access and visibility.  Immediately off Interstate I-65 and S. Lebanon Street Off-ramp and within Proximity To: Indianapolis International Airport, Indianapolis Motor Speedway, Indiana Basketball Hall of Fame, NCAA Hall of Champions, RCA Dome and Conseco Fieldhouse. 

The property will be shown by appointment only, on-site inspection dates are September 15th and 29th from 12:00 to 2:00 p.m.  Please call Patti Zeis at 949-253-4626 to schedule an appointment.  Visit www.amgre.com for more information, Terms of Sale and to request a due diligence package.

All bidders will be required to: purchase a due diligence packet, show financial ability, pre-register and present a cashier’s check for $100,000, on the day of the auction, as initial earnest money.

The Accelerated Marketing Group is a professional real estate accelerated marketing, brokerage and consulting firm located in Irvine and San Diego, California, Tucson, Arizona and Louisville, Kentucky.

For more information about this offer and the Accelerated Marketing Group please call (949) 253-4626.  Accelerated Marketing Group, 2102 Business Center Drive, Suite 155, Irvine, California 92612.  This offering is made in cooperation with Gordon Greene, a licensed Indiana Auctioneer.

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Contact:
Patti Zeis
Director of Marketing
Accelerated Marketing Group
2102 Business Center Drive, Suite 154
Irvine, CA 92612
(949) 253-4626, Ext. 190
(949) 253-4627
patti@amgre.com
www.amgre.com


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