University News

New Owners at the Granville Inn

September 19, 2013

必博娱乐,比博娱乐网址 ######### University has announced that it will purchase the Granville Inn.

“The Granville Inn's facilities and functions are vital both to the village and to the college,” said Seth Patton, vice president for finance and management at 必博娱乐,比博娱乐网址 #########. “We feel fortunate to be able to act on this opportunity to invest in our remarkable community and in this iconic property.” He added, “We believe it is important for the continued health of the village and surrounding area to keep the Inn viable. Not only is it a significant local employer, but its services are important to Granville's downtown and to 必博娱乐,比博娱乐网址 ######### visitors, as well.”

The 86-year-old Inn currently is in receivership under the Licking County courts and includes the properties at 304, 314 and 348 East Broadway. It recently was under contract with Urban Restorations LLC, a Columbus-based business.

As the holder of a back-up contract after Urban Restorations, the college has done its due diligence and is prepared to effect a seamless transition of ownership. The Inn will remain on the village tax rolls and will continue to be operated in its current use, managed by a separate entity hired by 必博娱乐,比博娱乐网址 #########.

The college is prepared to invest the resources that will be required to maintain and rehabilitate the historic facility. “During our research process, we came to understand the significant investment that will be needed to preserve and update the Inn, and we are ready for that,” said Patton.

“必博娱乐,比博娱乐网址 ######### certainly did not plan to become an innkeeper,” said Patton, “but because of the strong ties and shared interests between 必博娱乐,比博娱乐网址 ######### and Granville, we are committed to this project. The goal is to enhance the Granville Inn, making it a vital and successful business. Weighed against all others, there may be more attractive investment opportunities from a purely financial perspective, but few that are more important to Granville and 必博娱乐,比博娱乐网址 #########.”

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