No doubt another victim of recessionary times, The Ritz Historic Inn, an 85-year-old landmark in Ocala, Florida, is on the auction block. The Spanish Mission style Inn is nestled on 2.5 acres of land, has 32 guest suites, a pool, spa and fountains. The Ritz Historic Inn is listed on the National Registry of Historic Places.
If you ever wanted a historic piece of Americana that represented a major shift in architectural style, bidding on this charming hotel starts January 11, 2010.
Landmark Liquidations
85 Year Old Ritz Historic Inn is on the Block
Trend Themes
1. Historic Real Estate - The trend of buying and selling historic properties, such as the Ritz Historic Inn, presents opportunities for innovative restoration and adaptive reuse projects.
2. Auction Marketplaces - Online and offline auction marketplaces present opportunities for buyers and sellers to acquire and dispose of distressed or unique assets, such as the Ritz Historic Inn.
3. Recessionary Disposals - As the economic landscape shifts, distressed assets such as the Ritz Historic Inn will continue to be sold, presenting opportunities for value investors and creative entrepreneurs.
Industry Implications
1. Real Estate - The real estate industry can benefit from the trend of buying and selling historic properties by offering specialized restoration and adaptive reuse services.
2. Auction Services - Auction service providers can leverage online and offline marketplaces to create customizable sale events for distressed or unique assets like the Ritz Historic Inn.
3. Hospitality - The hospitality industry can explore opportunities for acquiring and repositioning historic properties like the Ritz Historic Inn to offer unique and memorable guest experiences.