Owner of Kemble Inn in Lenox wins time to right its finances ahead of sale berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.
The owner of the Kemble Inn in Lenox, a Gilded Age mansion that had undergone recent renovations, has filed for bankruptcy, days ahead of a scheduled foreclosure auction. U.S. Bankruptcy Court Judge Elizabeth Katz scheduled an emergency hearing on the case for Thursday. EAGLE FILE PHOTO
LENOX â The historic Kemble Inn, a downtown Gilded Age landmark built in 1881 as a seasonal home, has filed for bankruptcy protection at the U.S. Bankruptcy Court, District of Massachusetts, in Worcester.
The legal action Monday by owner Scott Shorttâs company, the Frederick LLC, cancels a foreclosure auction for the property previously scheduled for Wednesday.
11th hour save for Kemble Inn? Vacation rental group eyes purchase as auction looms berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.
Or of just being able to afford renting one for multiple nights?
Daniel Dus, founder and managing partner of Shared Estates Asset Fund GP, says he has found a way to bring the countyâs former Gilded Age mansions within reach of the middle class â as affordable short-term luxury rentals and, more importantly, as investment opportunities.
âI grew up in Richmond and Becket. Iâve never set foot in Canyon Ranch [the former Bellefontaine mansion]. I wasnât about to spend $1,500 a night for a hotel room; it always kind of felt wrong,â he said in a phone interview with The Eagle. âI always wanted to change that.â