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Marketplace Listing - Hospitality

UCC Foreclosure Sale | 217-Key Select-Service Hotel | Queens, NY

N/A, N/A, NY 00000

Unlisted

Asking Price:
  • Asset Type
  • Other
  • Property Type
  • Hospitality

UCC Foreclosure Sale | 217-Key Select-Service Hotel | Queens, NY

NOTICE OF PUBLIC SALE OF COLLATERAL
PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, 37-10 114TH Street ML Funding LLC, a Delaware limited liability company (“Secured Party”), will offer for sale, at public auction, all of CHATUS MEZZ (DE) LLC’s (the “Debtor”) right, title and interest in and to (a) 100% of the membership interests of SAMCOM 48 (DE) LLC (the “Pledged Entity”), and (b) certain related rights and property relating thereto (collectively, (a) and (b) are the “Collateral”). Secured Party’s understanding is that the principal asset of Pledged Entity is the parcels of real property commonly known as the Holiday-Inn-Express LaGuardia located at 37-10 114th Street, Corona, New York. The public auction will be held on June 7, 2021 at 12:00 p.m., New York time, by remote auction via the Cisco WebEx Platform or web-based video conferencing and/or telephonic conferencing program selected by Secured Party. The Collateral will be sold to the highest qualified bidder; provided, however, that Secured Party reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, NYC DCA License No. 1434494, with offices at 305 Broadway, Suite 200, New York, New York. The Collateral will be sold as a block, and will not be divided or sold in any lesser amounts. Interested parties who intend to bid on the above Collateral must contact Brock Cannon of Newmark at brock.cannon@ngkf.com  or telephone 212-372-2066 to receive the Terms of Public Sale and bidding instructions. Upon execution of a standard non-disclosure agreement, additional documentation and information will be available. Interested parties who do not contact the Secured Party and qualify prior to the sale will not be permitted to enter a bid. 
 

Download Offering Memorandum

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Unlisted

Asking Price:

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