It's a busy month for Alex Cooper as downtown Baltimore properties continure to go on the block, under theeir auctioneer's gavel.
October 3rd 2011 - Brookshire Suites with all furnishings. Here are the details:
ALL THAT fee-simple LOT OF GROUND AND THE IMPROVEMENTS THEREON, if any, situated in Baltimore City, MD known as Tax ID #04-11-0661-008 and more fully described in the Indemnity Deed of Trust and Security Agreement.
The real property contains approximately 84,591 sq. ft. and is believed to be improved by a 13-story hotel property containing 97 guest rooms, lobby workstation, breakfast dining area, exercise room, guest laundry room and approx. 1,250 sq. ft. of meeting space.
The building also includes laundry facility, administrative offices and fully equipped kitchen.
HOTEL FURNITURE, FIXTURES & EQUIPMENT
Pursuant to that certain Financing Statement by and between MJ Baltimore Hotel Associates Limited Partnership, Debtor and MSCI 2006-HQ10 Brookshire Lodging, LLC, Secured Creditor, recorded among the Financing Statement Records of the Maryland State Department of Assessments and Taxation on August 23, 2006 in ID No. 1000361993585896, Liber U00473, folio 1841, work order #0001281820, original file number 181279624, default having occurred thereunder, the undersigned Secured Creditor will sell at public auction the following:
All that certain tangible and intangible business property & equipment of any nature or description of the hotel business and including, without limitation, any and all furniture, fixtures, equipment, etc. (except for the leased items).
The property and improvements, if any, will be sold in an "AS IS" condition and subject to all conditions, restrictions, existing building and/or environmental violations, covenants, agreements, whether or not of record, affecting or benefitting the same, if any, and with no warranty either expressed or implied as to the description of the condition of the property or improvements. The property will be sold subject to any violation notices and subject to all conditions, restrictions, covenants, encumbrances, rights-of-way, agreements and other matters, whether or not of record, affecting or benefitting the same, if any. Note: The real estate, furniture, fixtures and equipment will be sold as entirety.
See my posts just below for more on the subject of selling Baltimore's city center.
[To be continued...]