Sold: Rutland's Holiday Inn
Rutland The 14-acre Rutland Holiday Inn and conference center, constructed in 1972, has been sold for $2.8 million as part of an Internet auction, according to news reports.
The new buyer has not been identified.
Texas-based C-III Capital sold the placed the hotel on Auction.com.
Rutland-area realtors said the complex had been assessed at $5.6 million.
The sale will not be finalized until the new buyer agrees to start payments at the close of the final sale.