Foreclosed Ramada hotel up for auction

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.

 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}