MENDON-The Mountain View Lodge in Mendon sold at auction for
$595,000 last Tuesday, Sept. 18. The large property includes an 86
seat restaurant, 40 rooms, and over 28,000 square feet. On Route 4,
it occupies 7.4 acres across from the Cortina Inn.
The final selling price was well below the $1.26 million
assessed value. The winning bidder was Recreation Properties LLC of
Ridegwood, NJ. Although the company has experience in the ski
industry, this acquisition is their first in the Killington
About 25 people gathered in the lobby of the hotel to
participate in the auction but the bidding was relatively slow to
get going. The auctioneer, from Tranzon Auction Properties, started
the bidding at $500,000 but had to settle for $250,000 to get it
going. Amongst the crowd, only three parties offered bids to get
the final price up to the final $595,000.
The Mountain View Lodge joins other similar properties that have
recently been auctioned off. The Holiday Inn in Rutland, The
Kokopelli Inn, The Vermont Inn and Bill's Country Store all
recently auctioned for much less than their assessed values.