Doubt clouds Partridge Inn's future

Business owners speculate about site's potential

  • Follow Local Business

When the Partridge Inn loans are auctioned off on the steps of the Richmond County courthouse, someone will walk away with the notes for one of Augusta's oldest landmarks.

Who that someone will be is anyone's guess, according to several local business investors.

Paul King is the broker-in-charge at Rex Property & Land, LLC and has been involved in the development of downtown projects such as the Whites Building and the Emporium.

He says it's hard to say what will become of the Partridge Inn, but that the building has considerable potential for the right person.

"It's a tremendous resource for someone, a smart owner who capitalizes on its location and works on building its relationship with the people in its neighborhood," he said. "In the right hands, it can be a success."

In the past, the Partridge Inn hasn't had a local "face," King said, and that could be why it is now facing foreclosure.

"Local people know you're going to see them, so they seem to care a lot more," he said. "I know my wife and I just want to see the ship righted, so to speak."

A local owner might be good, but local hotelier Jugal Purohit said he doesn't think anyone in Augusta is going to take the project on.

"I don't think anyone can make a dime off of it," he said. "The way this economy is going, everyone is in trouble."

Purohit said he wasn't surprised the $16 million note wound up in foreclosure -- to pay the yearly debt, he said, it would take the hotel making at least $400,000 each month.

"Could that hotel generate $400,000 per month? It's too much," he said. "The potential is there, it's just that banks are so tight right now. We all want to keep our heads."

Clay Boardman, local real estate investor behind the revitalization of Enterprise Mill and other projects, said it's really impossible to say what will happen to the property because so little is known as of now.

"I'm certainly interested in it from a historical perspective," said Boardman, whose family has lived in Augusta for generations. "I plan to follow the progress and get more information."

It won't be until the actual auction, however, that anyone will be able to say what will happen to the century-old building, Boardman said.

"Nothing will occur until August," he said.

Comments (9) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Just My Opinion
6262
Points
Just My Opinion 07/19/11 - 03:45 am
0
0
Oh, I can see it now....the

Oh, I can see it now....the once famous Partridge Inn, being the new home for a one-stop shop complete with nail salons, cellphone stores, a mexican restaurant, a tatoo parlor, a yogurt shop, and a few hotel rooms that would rival Motel 6! Oh, and there's talk they're gonna put in an oil change shop down in the parking deck! Yeah, it's a stupid joke, but can't part of you think that it could actually happen? Can't you just see a gawdy huge sign in the front that says "Partridge In & Out"?

commonsense-is-endangere
43
Points
commonsense-is-endangere 07/19/11 - 07:25 am
0
0
The cancer that is spreading

The cancer that is spreading up Walton Way is knocking on the Inn's doors.

Little Lamb
49060
Points
Little Lamb 07/19/11 - 07:36 am
0
0
I was just musing about the

I was just musing about the headline: Doubt clouds Partridge Inn's future

Isn't that true for everything? The headline writer could just as well have written Doubt clouds . . . fill in the blank . . . future

Lori Davis
1006
Points
Lori Davis 07/19/11 - 07:36 am
0
0
I can only imagine that the

I can only imagine that the residents of Summerville are watching this closely. Let's hope it ends up in the proper hands. If it doesn't, we might see a busload leave the area.

Riverman1
93699
Points
Riverman1 07/19/11 - 07:38 am
0
0
Little Lamb, it certainly

Little Lamb, it certainly would fit me. Doubt clouds Riverman's future.

raul
5729
Points
raul 07/19/11 - 08:09 am
0
0
Is there a minimum bid in

Is there a minimum bid in auctions? No one will pay 16 million, but if the highest bid is say 6 million, will it be sold at that price?

Piperpig
9
Points
Piperpig 07/19/11 - 08:44 am
0
0
When I was a bit younger

When I was a bit younger (about ten years ago), I remember the Partridge Inn was somewhat of a hip place. During Masters Week, there would be hundreds of people standing along Walton Way, up and down the stairs, having a good time.

I don't know if I've changed, but in my recent visits, the place just seemed to have lost something. I can't really explain it. The restaurant and bar still looked the same, but it wasn't crowded with locals. In many ways, it just felt like I was in a hotel in Anywhere, America. There was nothing special about it. I really hope the person who purchases it will invest in it as a hotel. I really hate to imagine the place being turned into condos or apartments (or worse, being turned into the Bon Air).

In the past ten years, metro Augusta has gotten larger, but it's also gotten much more generic. Everything that is unique about this town is being lost.

TrukinRanger
1748
Points
TrukinRanger 07/19/11 - 08:59 am
0
0
I'm an area native and have
Unpublished

I'm an area native and have never set foot inside the P.I.- never really cared to either. It was always a place for the rich golf visitors

Riverman1
93699
Points
Riverman1 07/19/11 - 01:46 pm
0
0
I find it interesting that

I find it interesting that Michael Jackson spent a week there when James Brown died. Can't you see him on that most Olde South verandah sipping a mint julep?

Maybe when the Augusta Housing residents now living in the Bon Aire start coming over and using the bar, they will be able to talk about where Michael sat. Tell the Hill residents there's hope for the venerable building yet.

Equaltreatmentforall
49
Points
Equaltreatmentforall 07/19/11 - 07:40 pm
0
0
How in the world were they

How in the world were they able to get a 16 million loan to start with?! I've eaten there several times and each time the place was almost empty. I spent the night there one time and the room needed to be upgraded. I'm not surprised they ran into trouble trying to repay that kind of mega bucks. Something just doesn't add up here.

Back to Top

Top headlines

Census: Augusta young adults struggling

A new report shows that young adults in the area today are better educated and on average, earn more money than 30 years ago, but are far more likely to be unemployed, unmarried and living with ...
Search Augusta jobs