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You can buy your own president - all 43, actually: Potential buyers are making offers on the Presidents Park property and the hotel next door.
(Daily Press (Newport News, VA) (KRT) Via Thomson Dialog NewsEdge) Jun. 7--YORK -- A commercial real estate firm said Wednesday that it's received multiple offers on Presidents Park, as well as multiple offers on a Days Inn hotel adjacent to the park.
One of the offers on Presidents Park calls for continuing to run it as a tourist attraction, said Jim Tucker, senior investment adviser with Sperry Van Ness.
For the Days Inn, hoteliers have made all of the offers so far, said Dave Butchello, an agent with Sperry Van Ness. Butchello said the hotel is in "outstanding shape" and is likely to stay in operation.
Both properties sit off Water Country Parkway in a growing commercial area by the junction of Interstate 64 and Route 199. This part of upper York County is slated to become home to a large retail center called "The Marquis."
"I see that becoming another hub for York County," Butchello said of this area.
Butchello said he approached the investors in the Days Inn hotel, which is majority-owned by local businessman Mario Kokolis and his family, about selling the valuable property. The agent said the hotel only takes up part of its 6-acre parcel, leaving up to 4 acres that could be developed. The hotel parcel, put on the market in April, is for sale for $12.5 million.
Tucker, the Sperry Van Ness adviser, said the company is listing Presidents Park and the Days Inn as separate properties. But he said the company can alert buyers who are looking at one parcel to check out the neighboring one.
Presidents Park, put on the market in March, is for sale for $4.5 million. The attraction, often called tacky by critics ahead of its opening in 2004, covers 10 acres and features 18-foot tall busts of all 43 U.S. presidents.
Haley Newman, the park's president, said the attraction was put up for sale mainly because of the death of a major investor who lived in North Carolina. He said he hopes that the next owner will keep running the park rather than redevelop the property.
Newman said the attraction drew more than 40,000 visitors last year, and he expects it to draw between 60,000 and 70,000 this year. He said, "The park's not doing what we want it to do, but it's doing better all of the time."
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