The financially troubled Ramada Kingman hotel and its Canyon 66 restaurant will be up for bids via bankruptcy auction May 17, with the sale date of May 23.
According to legal documents, the public sale date will be 1:30 p.m. May 23 at U.S. bankruptcy court in Riverside, California. The proposed sale price will be $4.1 million on a cash-only, as-is condition for the properties at 3100 E. Andy Devine Ave. (aka Route 66).
The contact person for potential bidders will be Jennifer J. Bergamo pf CBRE Inc. in Phoenix at (602) 735-1987 or emailing Jennifer.Bergamo@cbre.com.
The hotel and restaurant abruptly closed in March 2018 amid allegations of unpaid contractor bills and stiffed employees. It reopened two months later, then closed again.
According to an article last year in The Bee during the first closing:
The California-based real estate developer who owns Ramada Kingman is under investigation for financial crimes. The property was purchased for less than $1 million in 2014 and multiple loans were taken out for a complete renovation of the property including new amenities such as a helicopter pad. Renovations were started on the property but halted after contractors abandoned the project due to non-payment. Unpaid employees committed thefts at the property which resulted in arrests from KPD. The property went into foreclosure in 2016. Additional loans were secured to avert closure. He filed for bankruptcy last month for the 6th time.
A Facebook post on the Promote Kingman page posted a screen shot of a document identified the developer as Joel Zubaid.
Mohave County property records showed the hotel was owned by Golden Crown Properties LLC, courtesy of Noble Zubaid, based in an office building in Redlands, California.
The business, formerly a Magnuson hotel, was rebranded as a Ramada and remodeled its restaurant and lounge in a Route 66 theme about five years ago. According to a 2014 article in the Daily Miner, brothers Joel and Noble Zubaid of California bought the property in 2013. The article also reported a hotel had been at that site since at least the 1970s.
The Ramada Kingman played up Route 66 in its marketing, including soliciting images from Route 66 enthusiasts for a photo contest in 2016.
(Hat tip to Tim Gannaway; image of the Ramada Kingman’s swimming pool in 2016 via Facebook)
A sad state of affairs…….
Does someone know if it is still open and operating during all of this commotion?
u think thats bad the same person scamed my mother out of everything she owned her 500k home ,120k cash +24k in fake mortage payments than tells her to get out in one week and sold her property in another country to cover his debts there gives her a check for 1000 that bounced the property was worth 50 times that much she had it for 20+years he threatened her and other people he pretty much caused her death