“The property was pulled from the auction last week so it’s not being auctioned at this time, but we fully expect that it will be taken back out in the next couple of months,” said Monty Levy, the property’s broker and vice president of Atlanta-based HREC Investment Advisors.
Levy said he wasn’t given a reason for the decision to remove the listing.
The hotel at 2110 Walton Way had been advertised on the real estate site auction.com since March, and bidding was scheduled from April 15-17.
Partridge Inn General Manager David McCartney said he had no other information about the decision other than that business will continue as usual.
The hotel, which has a market value of about $12 million, has 144 guest rooms and almost 9,000 square feet of indoor and outdoor meeting space. A staff of about 75 employees work at the hotel.
In 2011, the hotel went through foreclosure and was purchased for $14 million by Walton Way Limited Partnership.
LNR Partners LLC, based in Miami, was hired to improve the 177-year-old building and its business operations in order to prepare the property for sale. About $450,000 has been spent on capital improvements since it was acquired in 2011.