Downtown Toledo hotel being sold - News, Weather, Sports, Toledo, OH

Downtown Toledo hotel being sold

By Rob Wiercinski - bio | email

TOLEDO (WTOL) - News 11 has learned a deal is in the works to sell Hotel Seagate. That's the word from the Nation Republic Bank of Chicago, the company which owns the property.

Last month, during a power outage, some water pipes froze and burst inside the hotel damaging the first floor.

Bank President Edward Fitzgerald says repairs are being made. However, the hotel will not reopen until the new owner takes control.

Fitzgerald is not at liberty to discuss details of this potential sale.

The hotel reopening would be a positive development for the downtown area right down the street from the new arena set to open in the Fall.

Powered by Frankly