In a quick transaction in the lobby of the Townsend Justice Center, Casper’s troubled hotel complex was sold for $15, 500,000 dollars during a foreclosure auction on Thursday morning.
Only one bid was submitted by a man representing GreenLake Real Estate Fund LLC., who quickly left without making a statement after the auction. The final bid was also the starting bid on the property.
GreenLake Real Estate Fund was the original lender to Cru Casper LLC, which operated the historic hotel complex before it shut down without warning on Oct. 31.
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According to its website, California-based GreenLake “specializes in partnering with principals on discounted pay-offs, value-add, repositioning, and acquisition opportunities.”
Numerous people including some city employees gathered in the lobby to watch the auction, which lasted mere minutes.