Pontchartrain to be auctioned March 8

Smith, Jennette; Ankeny, Robert
February 2005
Crain's Detroit Business;2/14/2005, Vol. 21 Issue 7, p2
This article informs that the landmark Hotel Pontchartrain downtown is scheduled to be auctioned March 8, 2005. According to city property tax records, the owner of the 413-room hotel is GE Credit Equity in Chicago. Richmond, Virginia-based national auction firm Tranzon LLC is handling the sale. Two calls to Tranzon were not returned last week. The winning bidder will be required to make a minimum deposit of $250,000.


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