02/10/2022

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Another developer bids $600,000 to build hotel on City Harbor lot | Free Share

Another developer bids 0,000 to build hotel on City Harbor lot | Free Share

The deeding of Guntersville Metropolis residence to Metropolis Harbor developer Patrick Lawler may perhaps get additional exciting now that a different offer you has been produced to buy the home. 

Guntersville businessman Wes Extensive has submitted a hard cash give of $589,200 to order the assets — roughly two acres adjacent to Town Harbor— which is set to be conveyed to Lawler for $10. 

An investment team structured by Prolonged owns and operates the Hampton Inn Lake Guntersville, the Fairfield Inn and Suites in Albertville and the Hampton Inn Jacksonville. 

Lengthy arrived at the virtually $600,000 determine after on the lookout at the assessed value of the home on the county tax documents. He also connected a $50,000 verify of earnest income to the proposal, which he shipped to the metropolis.

Very long also mentioned he would match the full of what the land would appraise for now if an appraisal was finished. 

Throughout the very last Guntersville Metropolis Council conference, Councilman Larry Wilson entered a motion to have the land appraised. Councilman Rich Russell seconded the motion, but it was struck down by a 6-2 vote. 

Very long claimed he feels the greater use of the home is for the town to get an immediate return on it, these types of as he is proposing. If the Council would favor to get an appraisal, he would like for them to do it in 14 times then an additional 30 times just after that, to do his thanks diligence, he said.

He also said he would follow the same timelines as proposed for Lawler.