| The Repository
JACKSON TWP. A Belden Village area hotel will be sold at a sheriff’s auction in less than two weeks.
The Ramada by Wyndham Canton/Hall of Fame hotel at 4914 Everhard Road NW, will be offered in a public auction at 10 a.m. Oct. 5 at the Stark County Courthouse. The still-operating facility was foreclosed on after its owners fell behind on mortgage payments, according to court records.
The three-story, 49,236 square-foot hotel features an indoor swimming pool and fitness center. Built in 1990, the building is between Munson and Belpar streets NW, across the street from Sunset Hills Burial Park.
The hotel has an appraised value of $4.2 million.
Wilmington Trust, National Association had filed a foreclosure action in Stark County Common Pleas Court of Dec. 30. The complain alleged that hotel owner North Canton Hospitality Corp. had not responded to mortgage default notices issued to it three times last year.
According to court records, North Canton Hospitality owed $3.4 million in principal, penalties and interest on a $3.6 million loan issued in 2014.
Judge Chryssa Hartnett signed a foreclosure decree in January. An outside firm has been acting as a receiver since that time, operating the hotel and turning proceeds over to the mortgage-holder.
Jeanna Weaver, an attorney representing Wilmington Trust, confirmed the sale date, but declined further comment. Hotel attorney Michael Shuster, of Cleveland, did not return a phone call seeking comment for this story.
Receiver reports, filed with the court, show hotel revenue of $73,008 in June, $86,956 in July and $91,860 in August.
The hotel originally opened as a Best Suites of America, then had operated as a Quality Inn and a Magnuson.
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