Foreclosed Ramada hotel up for auction

Back to TopCommentsE-mailPrintBookmark and Share

A foreclosed Ramada Inn property on the east side of Indianapolis will go up for online auction on Tuesday with a minimum starting bid of $300,000.

The two-story, 188-room hotel, which is still open, is located near Interstate 465 and Pendleton Pike at 7701 E. 42nd St. Built in 1970, it features 12,500 square feet of meeting space, a restaurant space used by Bennigan's, as well as an indoor and outdoor pool.
The property was recently listed for sale for $1.8 million by Clinton, N.J.-based Unity Bank.

Bidding on the Auction.com website begins at 1 p.m. Tuesday and ends at 5 p.m. June 9.



Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ