Business, Commercial Property, Foreclosures

Clermont Hotel faces foreclosure

From the Atlanta Business Chronicle:

The Clermont Motor Hotel, which houses a strip club famous for its mix of eclectic and ageless performers, is facing foreclosure.

But the real estate agent listing the property as a redevelopment opportunity, said the owner is hopeful to stave off a forced sale from the courthouse steps.

The 85-year-old hotel on Ponce de Leon Avenue is scheduled to be foreclosed on July 7. Gene Kansas, broker and developer for Gene Kansas Developments, said the “owner is working on a deal with the lender and in hopes it will not be foreclosed on.”

The property has been for sale since at least April and with a listed price of $6.5 million.

Say it ain’t so, Blondie!

Clermont Lounge, originally uploaded by atomicvixens.

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