The 109-key hotel located at 1834 W. Lucas Street, Florence, SC is being sold via deficiency sale hearing happening on December 5th. The plaintiff made a bid of $500,000 and according to the master in equity office the plaintiff cannot bid again. Bidders will need to be in courtroom 3C in the Florence County Judicial Center on December 5th at 11am to participate. Please see the notice from the Florence Morning News below along with a link to the article. I’ve also included a link to a website with more information about the hotel here: https://www.knightsinn.com/us/sc/florence/knights-inn-florence Please note that Berkadia is not representing the seller or any party listed in the below announcement; we are helping announce the auction opportunity. It is your responsibility to independently verify all the terms of the sale with the master in equity as outlined below. The opportunity information included in this email has been obtained from a third-party and Berkadia does not make any guarantee, warranty or representation of any kind or nature about it. We cannot offer any assurances as to the auction process and can only refer you to the notice below and the phone number of the master in equity office. Please let me know if you have any questions and we will do our best to answer them. Location Florence County, South Carolina Notice Text BY VIRTUE of a decree heretofore granted in the case of: The MINT National Bank v. WLS Hotels, LLC; Jagdish A. Patel; Dharmendrakumar M. Patel, Civil Action No. 2024-CP-2101652, I, the undersigned Master in Equity for Florence County, will sell on Tuesday, November 5, 2024, at 11:00 a.m., Master's Office, Florence County Judicial Center, 181 N. Irby Street, Florence, South Carolina 29501 to the highest bidder: All that tract of land in Florence County, South Carolina depicted as 4.4546 acres (194,044 sq. ft.) and more particularly described on the ALTA/ACM Land Title Survey prepared for Accor North America by Millman Surveying, Inc. bearing the seal and certification of James Michael McNeely, SCPLS No. 14812 on October 18, 2011 and last revised on September 19, 2012 as follows: Beginning at an existing iron pin on the westerly right-of-way road S-21-498, said iron pin being 800 feet southeasterly from the point of the intersection of the southwesterly right-of-way said S- 21-498 Road, with the southeasterly right-of-way of Interstate 95 being the easterly corner of the Hardees Food Systems Inc. tract, this being the POINT OF BEGINNING ("POB"): Thence S 43 57'23" E along the westerly right-of-way of S-21-498 Road a distance of 34.21 feet to a found iron pin at the northerly corner of the Raines Enterprise tract; thence S 45 56'41" W along the northerly line of said Raines Enterprise Tract a distance of 666.12 feet to a found iron pin for a corner at the northerly line of the Florence Concrete Products Company tract; thence N 59 43'24" W along the northerly line of the Florence Concrete Products Company tract a distance of 180.81 feet to a found iron pipe at the easterly corner of the Albert L. and Betty J. Bell tract; thence N 59 09'49" W along the northerly line of the Albert L. and Betty J. Bell tract a distance of 225.80 feet to a found iron pin for a corner being the southerly corner of the Almetta Anderson Wilson tract; thence N 45 56'00" E along the southerly line of said Almetta Anderson tract a distance of 529.41 feet to a found iron pin for the westerly corner of the McDonalds Corporation tract; thence S 44 08'07" E along the westerly line of the McDonalds Corporation tract a distance of 200.97 feet to a found iron pin for the westerly corner of the Hardees Systems, Inc. tract; thence S 44 19'13" E along the westerly line of said Hardees Systems, Inc. tract a distance of 17.03 feet to a found iron pin for a corner; Thence S 45 26'44" W a distance of 7.98 feet to a found iron pin for a corner on the westerly line of said Hardees Systems, Inc. tract; Thence S 44 10'52" E along the westerly line of the Hardees Systems, Inc. tract a distance of 139.90 feet to a found iron pin for the southerly corner of the Hardees Systems, Inc. tract; Thence N 45 56'48" E along the southerly line of the Hardees Systems, Inc. tract a distance of 251.77 feet to the POB. Easement for the benefit of the fee parcel as created by Sign Easement from Cardinal Industries Development Corporation, an Ohio corporation to The Florence North Motel, a Limited Partnership, dated September 30, 1987, filed for record October 8, 1987 at 2:39 p.m., recorded in Book A-273, Page 1706, aforesaid records, said easement being more particularly described on the Millman Surveying, Inc. plat referenced above as follows: Beginning at an iron pin on the westerly right of way of road S-21-498, said iron pin being 842.20 feet southeasterly from the point of intersection of the southwesterly right of way of said road with the southeasterly right of way of Interstate Highway 95, and being a common boundary line between the Florence North Motel, a Limited Partnership and Cardinal Industries Development Corporation; thence S 44 08'11" E along the right of way of road S-21-498 a distance of 12.00 feet to a point; thence S 45 55'12" W a distance of 17.5 feet to a point; thence N 44 08'11" W a distance of 12.0 feet to a point on the boundary line of the Florence North Motel, a limited partnership; thence N 45 55'12" E along said line a distance of 17.5 feet to an iron pin marking the TRUE POINT OF BEGINNING. TMS No. 01211 01 070 1834 W. Lucas Street, Florence, SC TERMS OF SALE: The successful bidder, other than the plaintiff, will deposit with the Master, at conclusion of the bidding, five per cent (5%) of his bid, in cash or equivalent, as evidence of good faith, same to be applied to purchase price in case of compliance, but to be forfeited and applied first to costs and then to plaintiff's debt in the case of non-compliance. If the Plaintiff's representative is not in attendance at the scheduled time of sale, the sale shall be canceled and the property sold on some subsequent sales day after due advertisement. Should the last and highest bidder fail or refuse to make the required deposit at time of bid or comply with the other terms of the bid within thirty (30) days, then the Master may re-sell the property on the same terms and conditions on some subsequent Sales Day (at the risk of the said highest bidder). As a deficiency judgment is being demanded, the bidding will remain open thirty (30) days after the date of sale. Purchaser to pay for documentary stamps on Master's Deed. The successful bidder will be required to pay interest on the amount of the bid from date of sale to date of compliance with the bid at the rate of 8.5% per annum. Plaintiff may waive any of its rights, including its right to a deficiency judgment, prior to sale. SUBJECT TO ASSESSMENTS, FLORENCE COUNTY TAXES, EXISTING EASEMENTS, EASEMENTS AND RESTRICTIONS OF RECORD, AND OTHER SENIOR ENCUMBRANCES.