Monday, 06 December 2010 05:13

New World Properties buys National Hotel

slide1-new_world_properties_buys_national_hotel.pngAmador County – The deed of ownership for the National Hotel was transferred to a Los Gatos-based corporation last Tuesday, as confirmed by TSPN.

New World Properties, described on manta.com as “a private company categorized under Operators of Nonresidential Buildings,” reportedly paid between $457,500 and $458,000 for the historic building, which originally went up for sale for a reported $1.9 million in February 2009.

The state Alcoholic Beverage Control had issued an order to close the doors of the National Hotel and bar in May 2008 due to 7 violations, including selling alcohol to a minor.

Bill Smith, the National Hotel’s owner at the time, said he was seeking to sell the property for its intrinsic, historic value.

Jeff Taylor, listed agent for New World Properties, was not available for comment before this story aired.

This email address is being protected from spambots. You need JavaScript enabled to view it.