COPY-Former Ramada to go to auction again - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

COPY-Former Ramada to go to auction again

Eau Claire (WQOW) - A troubled Eau Claire hotel faces a third foreclosure auction, but this time the hotel's doors may not be open.

In a hearing today, a judge ruled a receiver in charge of running the former Ramada has the authority to close the hotel which continues to lose money.

Financial reports show the hotel lost more than $30,000 in September and was expected to lose about the same in October.

The judge also set a date for a third sheriff's auction for the hotel.  It will be held on December 3rd.  Bidders will be required to sign an affidavit beforehand saying they are not connected to the Singh Brothers, who owned the hotel. 

If the highest bidder fails to do that, they'll have to put 25-percent down right away.  Otherwise, the down payment for the winner will be 10-percent.

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