SUN VALLEY, Idaho, March 15, 2011 /PRNewswire/ -- Knob Hill Inn, a luxury boutique hotel with 26 guest suites nestled mountainside in world-class ski destination Sun Valley, will sell at a live, on-site auction on July 12, Concierge Auctions has announced. Originally listed for $17,000,000, the property will be auctioned without reserve to the highest bidder regardless of price. The sale will take place in cooperation with listing agent by Pam Colesworthy of Sun Valley Sotheby's International Realty.
"Concierge Auctions is a preferred provider of auction services to the Sotheby's International Realty brand – evidence of their expertise at identifying the most premier buying opportunities nationwide. My clients and I were thrilled when the Concierge team affirmed that Knob Hill fit this profile, as it is a one-of-a-kind property," Colesworthy stated. "The new owners will choose from many exciting possibilities. They can continue to run the inn as-is, or redesign and redevelop it into an entirely new experience. Either way the inherent charm and endless nearby amenities are sure to attract visitors for years to come."
Named for its location next to Ketchum's landmark Knob Hill, Knob Hill Inn is situated on 1.2 manicured acres reflecting European charm in America's first destination ski resort. Offering vistas of Bald Mountain, the majestic Sawtooths and the Boulder Mountain ranges, this prestigious boutique hotel includes 26 guest suites, a two-bedroom manager's apartment, five employee housing suites and a host of luxury amenities including 10 fireplaces, a fitness room, wine bar, indoor/outdoor swimming pool, a lounge/reception area and two restaurants.
Settled in the heart of the world-class Sun Valley community where more than 100 inches of snow falls annually, Knob Hill Inn offers investors an opportunity to own a slice of alpine accommodations with top-notch amenities. Tucked along five spectacular ranges in south-central Idaho, the Wood River Valley's 250 days of sunshine wash its charming communities and natural spender of the "American Alps" - a draw for guests any time of the year. Without a doubt, Sun Valley's abundance of slopes makes the area a premier destination. Bald Mountain is guaranteed to take your breath away with its 3,400 feet of vertical drop and 2,000 skiable acres. More than 60 runs offer visitors variety. The mountain, affectionately nicknamed Baldy, has been called one of the world's best ski experiences in the world. The property is located just a 2.5 hour drive from the airport in Boise over the scenic Camas Prairie.
"Selling without reserve, this auction presents an amazing chance to purchase a true alpine lifestyle property in one of our nation's most sought-after mountain resort destinations for your bid price," stated Laura Brady, Director of Marketing for Concierge Auctions. "There is no minimum bid, so the property will transfer to the highest bidder regardless of price."
The live, on-site auction of Knob Hill Inn will be held on July 12. Bidders will be able to participate in person or proxy via telephone or Internet. Preregistration is required. A 2% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. The property is available for preview daily by appointment. For more details visit KnobHillAuction.com or call 866-605-7286.
About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 10,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information, call 888-966-4759 or visit ConciergeAuctions.com.
SOURCE Concierge Auctions