"LENDER ORDERED AUCTION" Best Western Inn of Petoskey

Thursday, June 4 - 11:00 AM 1300 Spring Street Petoskey, MI  49770

Beautifully Maintained Property! US 131/Spring & Sheridan Street Frontage 85 Rooms in 2 Buildings 37,215 Sq. Ft. on 1.79± acres 23,136 Sq. Ft. North Building – 63 Rooms with $800,000 upgrades since ‘04 14,079 Sq. Ft. South Building – 22 Rooms 10 King Hot tub Suites 10 Queen Doubles with Spa tubs 2 Business Suites with Spa tubs 2 Family 2-Room Units 13 Queen Singles 15 Double/Double • 22 Queen/Queen Newer High Energy Efficient Boiler Electrical & Plumbing Upgrades 95 Car Parking Lot Zoned B-3a Resort Commercial District Indoor Pool, Whirlpool, Sauna, Guest Exercise Room & Game Room Continental Breakfast Room • Wireless Internet Located in Resort Community on Lake Michigan Bay Inlet Currently Operating! Excellent Opportunity for New Owner! Auction will be held On-Site INSPECTIONS Monday, May 11, 12:00 PM – 4:00 PM Tuesday, May 12, 12:00 PM – 4:00 PM Wednesday, June 3, 12:00 PM – 4:00 PM Thursday, June 4, 9:00 AM – 11:00 AM Other times by Appointment. BROKER PARTICIPATION: Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed Michigan broker who registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.

Payment Info: $100,000 Certified Deposit due on day of sale, with a deposit equal to 10% due within 2 business days, and balance due within 30 days.

Full Terms: 7% Buyer Premium. Selling Subject to Owner Confirmation. Attorney David Hipp, Bodman LLP, 248-743-6000, is coordinating the closing. Real Estate is selling AS-IS, WHERE-IS WITH NO WARRANTIES OR GUARANTEES, EXPRESS OR IMPLIED. See Bidder Kit for Complete Terms. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction will take precedence over any material published about this event. In all transactions, Auctioneer is acting as an agent for the Seller. Valid Government Issued Photo ID required to obtain bidding number.

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