No bids received on historic Riceland Hotel - KAIT Jonesboro, AR - Region 8 News, weather, sports

No bids received on historic Riceland Hotel

 

STUTTGART, Ark. (AP) - No one placed a bid on the historic Riceland Hotel in Stuttgart when it went up for auction this week.

The hotel opened at Third and Main streets in 1923 and its guests included Ernest Hemingway and Clark Gable. It was added to the 2005 Most Endangered Historic Places List after preservationists found that a lack of maintenance threatened the integrity of the building.

The hotel went up for auction Wednesday because its taxes have been delinquent for the past five years. The minimum bid had been set at $19,760.

The Stuttgart Daily Leader reports (http://is.gd/gSlcRZ) that there's a 90-day wait for properties not sold during the auction. After that, the hotel will be available once again through a negotiated sale process with the Arkansas Commissioner of State Lands.
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Information from: The Stuttgart Daily Leader, http://www.stuttgartdailyleader.com/

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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