The following was included in an 8-k filing to the Securities and Exchance Commission (SEC) by Meritage Hospitality Group Inc. September 1, 1998 relative to disposition of The Thomas Edison Inn.
On September 1, 1998, the Company's wholly-owned subsidiary, Thomas Edison Inn, Incorporated, sold real and personal property including (i) the hotel and restaurant facility (known as the Thomas Edison Inn) located at 500 Thomas Edison Parkway, Port Huron, Michigan (the "Hotel"), (ii) the fixtures, furniture, furnishings, equipment and supplies used in the operation of the Hotel, and (iii) certain other real and personal property owned by the subsidiary and located adjacent to the Hotel (collectively, the "Assets"). The Assets were sold to Innkeeper's Management, LLC and its affiliate, Reynolds/Ehinger Enterprises, LLC, both of whom have no relation to the Company. The Assets were sold for $12,200,000 pursuant to the terms of an agreement dated April 16, 1998 and amended on September 1, 1998. The purchase price was comprised of $10,200,000 in cash and a $2,000,000 one-year secured note bearing interest at 8.0% over the prime lending rate.http://www.secinfo.com/dR7Ak.78w.htm
You may also want to review these posts...
--Port Huron
:- Contributions to Levin raise questions over casino, contributors deny trying to win support
- Various properties controlled by the current owners of the Thomas Edison Inn
- The Bay Mills Land Claims Case Was a Scam from the Start
- Desperate for third casino; Tribe & its developer condemn Abramoff, but try to slip own approvals through Congress "under the radar"
- Bay Mills Indian Casino backers behind first fundraiser for Rep. Candice Miller
- Senator 113k. Rep 75k. Getting to build a casino, PRICELESS
- Publicist shines spotlight on Senator Stabenow & Rep. Miller after his clients invested $200,000 in their campaigns
No comments:
Post a Comment