Citizens Bank: Holbrooke sale nearly finalized | TheUnion.com
YOUR AD HERE »

Citizens Bank: Holbrooke sale nearly finalized

The long-awaited sale of the Holbrooke Hotel is nearly complete, said Citizens Bank Executive Vice President Phil Campbell.

Nevada County resident Ian Garfinkel is expected to close escrow on the property “any day now,” Campbell said.

The now-former owners of the historic Grass Valley landmark, located along West Main Street, went into default on the property earlier this year after two management companies allegedly mismanaged the Holbrooke’s finances. It was listed for sale at $1.4 million, though some have speculated the hotel went for less than its listed price.



For more details on the sale, check back with TheUnion.com and the Tuesday print edition of The Union.


Support Local Journalism


Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User