This week in local history: El Monte sold for $460,616
The El Monte Best Western Motor Lodge in Granby was sold Tuesday morning, April 26, 1977, for $460,616.13 at the sheriff’s sale on the front steps of the courthouse in Hot Sulphur Springs.
The lodge was sold to the only sale bidder, Middle Park, Inc., which was the corporation that originally filed the foreclosure action.
The sale was scheduled after Middle Park, Inc. demanded sale of the property because its present operators, Vactionlands, Inc., failed to timely pay the indebtedness on the property as provided by a $435,000 promissory note, a deed of trust and security agreements dated in 1975.
The property was sold as a single unit.
Originally published in the Friday, April 29, 1977 edition of Sky-Hi News.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.