Citizens Bank: Holbrooke sale nearly finalized |

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 and the Tuesday print edition of The Union.

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