Reportedly the property now housing the Hannibal Inn is being marketed, at least through the end of 2017, by the Mumford Company of Chicago.
Hannibal’s largest hotel remains up for sale after a potential buyer was in town recently on a fact-finding mission.
Reportedly an investor from California was in America’s Hometown to check out the Hannibal Inn, 4141 Market St., earlier this month. During the investor’s time in town the individual met with George Walley, executive director of the Northeast Missouri Economic Development Council (NEMO EDC). While the investor didn’t break out their checkbook and purchase the 17-acre site, after taking a tour of the city they might yet establish a footprint in the community in the future.
“They were very impressed with Hannibal and the activity they observed,” said Walley during Wednesday’s NEMO EDC meeting at Hannibal Regional. “They asked to be kept informed of opportunities to invest in the community.”
In another attempt to sell the property, it was included in an online auction in October. It is not known how many bids, if any, were received for the hotel or if the bids that were received did not met a minimum threshold.
Reportedly the property is being marketed, at least through the end of 2017, by the Mumford Company of Chicago. Walley told the NEMO EDC in November that a Mumford representative had advised him that there were “interested parties.”
According to information posted on the real-estate firm’s website – mumfordcompany.com – the asking price for the Hannibal Inn is $800,000.
Built in 1968, the facility features 242 rooms, a hot breakfast area, business center, fitness center and 7,600 square feet of meeting space.
The facility, which has hosted many large political gatherings, was closed on April 30, 2007, after reportedly experiencing financial problems. It was bought by the Patel family at auction for more than $800,000 in 2007. A portion of the business reopened for use in early 2008 following a $1 million renovation.
Reach reporter Danny Henley at firstname.lastname@example.org