Sold: Rutland's Holiday Inn File photo
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.
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