By: Diane Benjamin
Waukesha Wisconsin has one of their own! See this post from earlier today: http://blnnews.com/2015/10/05/weekend-in-wisconsin/
Guess what?
Clarke Hotel in Waukesha faces foreclosure suit
A boutique hotel in downtown Waukesha that received $1.5 million in city financing is facing a foreclosure suit.
The owners of the 22-room Clarke Hotel, 314 W. Main St., defaulted on a pair of loans from Community Bank & Trust after failing to pay the hotel’s property taxes on time, according to the suit filed in Waukesha County Circuit Court.
The hotel remains open, but it could end up being owned by Sheboygan-based Community Bank or a new investor if the lawsuit leads to a foreclosure auction.
My readers are SO smart! I got a tip on this one.
Fast forward to “the CHATEAU” How’s IT doing? They have a Tony Romas, but you NEVER hear of anything going on there, it’s ALL in UPTOWN at the Mariott.
Once on life support the odds of regaining eternal youth are greatly diminished if not comedic.
Read the article about foreclosure. It’s from 2013 so I checked to see if it was still open. The revues are interesting.
http://www.tripadvisor.com/Hotel_Review-g60365-d1235576-Reviews-The_Clarke_Hotel-Waukesha_Wisconsin.html
How’s the city’s tax delinquent friends at Jumer doing, do they still owe Bloomington money?
Koos saw to it that they will never be able to pay!
What???
You missed this:
http://m.jsonline.com/business/county-clare-owner-buying-waukeshas-clarke-hotel-b99274269z1-259970481.html
Have taxpayers been repaid?
Looks like 2022 is when the payback is due. The hotel was sold for about $4 million less than its original assessed value. At foreclosure, it was valued at $2.3 million. So taxpayers are still on the hook. Mayor that approved the deal lost re-election. Then the new mayor held on to it and he was voted out.
When I first went to Waukesha the Clark Hotel had a restaurant on the first floor. If you drive by it now you will see it is likely still empty. The restaurant went belly up. I remember seeing the menu posted outside and it was quite expensive. People’s Park down the street and almost right across from the Clark did 100 times the business.
One thing about the Clark Hotel there is no on sight parking. I have no idea where people park because the downtown has a no parking time range over night. I suppose in a not so nearby city parking garage.
So no surprise the Clark Hotel is on iffy financial ground. Not my cup of tea location when right across the street is a tattoo shop, some bars, a cigar smoking lounge, some empty buildings, aka as in there is nothing there.
There is an old theatre down the street that plays are done in and it isn’t much to speak of. Nothing like the Normal Theatre.
I can sure think of a hundred places up there that I would stay at rather than the Clark Hotel.