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Eola Hotel, Guest House, Prentiss Club sell in auction
Published Tuesday, November 17, 2009
NATCHEZ — The Natchez Eola Hotel, the Natchez Eola Guest House and the Prentiss Club sold in a commercial and historic real estate auction Tuesday in the hotel’s upstairs banquet room.
The Eola sold to a high bidder for $4.8 million. Both the Guest House and the Prentiss Club sold to a high bidder for $800,000 each.
The nominal opening bid for the Eola was $500,000 while the nominal opening bid for the Guest House and the Prentiss Club was $250,000 each.
Auctioneer Tommy Williams of Williams & Williams auction firm in Tulsa, Okla., presided over the auction. A Williams & Williams on-site bid representative submitted the high bids against a live crowd of approximately 20 people.
Before bidding began, Williams reminded the audience the Eola is not something one can duplicate, saying the landmark is a historic property in a historic American community.
“We’re selling something money cannot replace — history and ambiance,” Williams said.
Williams said closing will occur within 30 days of seller Bob Dean’s acceptance of the high bids. The bidders’ identities were not revealed since the sales are not final.
The high bidder of the Eola will incur an added cost of $250,000 for all personal property on the premises unless the seller excludes personal items.
The high bidder of the Guest House and the Prentiss Club will incur an added cost of $150,000 for all personal property at the Guest House.
All personal property at the Prentiss House will be removed by the seller with the exception of the draperies and lighting fixtures valued at $100,000. The added cost is due at closing if the buyer decides to purchase the furnishings.
Comments
Posted by friendofjimmy (anonymous) on November 17, 2009 at 7:05 p.m. (Suggest removal)
come on, staff, somebody should take credit for this scoop.
Posted by steve_o (anonymous) on November 17, 2009 at 7:29 p.m. (Suggest removal)
They seem to have sold for waaaay less, than the listed prices on zillow.
http://www.zillow.com/homes/map/110-N-Pe...
(last 2 listings, Eola had no price there)
Posted by Krogers (anonymous) on November 17, 2009 at 8:14 p.m. (Suggest removal)
to whom?
Posted by gottabehappy (anonymous) on November 17, 2009 at 9:11 p.m. (Suggest removal)
Yeah we'd like a NAME!
Posted by gottabehappy (anonymous) on November 17, 2009 at 9:19 p.m. (Suggest removal)
GOOD LORD he's in town I hope it's not Dr Vaughn!
Posted by friendofjimmy (anonymous) on November 17, 2009 at 9:29 p.m. (Suggest removal)
Dr Patel, maybe.
Posted by jfinley (Julie Cooper) on November 17, 2009 at 10:19 p.m. (Suggest removal)
No buyer names have been released, because the sale is not yet closed. When we get names, we'll share them.
Thanks
Julie Cooper
managing editor
Posted by snowgarden (anonymous) on November 18, 2009 at 8:26 a.m. (Suggest removal)
I know personally that the Guest House and Prentiss Club are worth far more than what they went for. I helped Mr. Buzz Harper with much of the renovation of both of these structures a few years ago and have an attachment to both. I hope dearly that whoever has them restores them to the glory that Buzz gave them. Bob Dean did nothing with them and he should be ashamed.
Posted by double011 (anonymous) on November 18, 2009 at 8:27 a.m.
(This comment was removed by the site staff.)
Posted by SIOUXLADY (anonymous) on November 18, 2009 at 8:28 a.m. (Suggest removal)
HOPEFULLY ALL EMPLOYEES WILL KEEP THEIR JOBS.
Posted by gottabehappy (anonymous) on November 18, 2009 at 8:38 a.m.
(This comment was removed by the site staff.)
Posted by snowgarden (anonymous) on November 18, 2009 at 9:07 a.m. (Suggest removal)
Very very true Siouxlady!!!
Posted by eawprops (anonymous) on November 18, 2009 at 9:30 a.m. (Suggest removal)
Sounds like somebody got a good buy on the Prentiss Club and Guesthouse.
Posted by 2feathers (anonymous) on November 18, 2009 at 10:07 a.m. (Suggest removal)
.........WHAT..........is the prentiss club...????
Posted by gottabehappy (anonymous) on November 18, 2009 at 10:26 a.m. (Suggest removal)
Yellowish brick building corner of pearl and jefferson 2feathers.
Posted by gottabehappy (anonymous) on November 18, 2009 at 10:55 a.m. (Suggest removal)
And it was just THAT back in the day....a club
Posted by 3on23 (anonymous) on November 18, 2009 at 3:52 p.m. (Suggest removal)
Prentiss Club was a gentlemen's club back in the day. Most of us under age 60 know of it as the former home of the Pearl Street Cellar.
Posted by freedom42 (anonymous) on November 18, 2009 at 8:21 p.m. (Suggest removal)
The Prentiss Club was the old Masonic Temple. While the Masons are strictly for men, the female version was the Eastern Star, and the teenagers were Demolay for the boys and Rainbow Girls. I don't think it was a "club" for drinking or carousing until it was sold and became the cellar. The Guest House was, I believe, the Lions Club building and I remember it had a pool in the back, don't know if it is still there.
Posted by lefteyeonyou (anonymous) on November 18, 2009 at 8:43 p.m. (Suggest removal)
It was originally the"Elks Club" Building..
Posted by getthefacts (anonymous) on November 23, 2009 at 8:52 a.m. (Suggest removal)
I hope they do not let the Warren Ruthers of the world get it......That would be a shame and he would drive up prices more and run it into to the ground........Caution, Natchez
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