Whiteside Inn stays with lienholder

Jason Sandford

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

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The Hendersonville newspaper has it:

FLAT ROCK – The Woodfield Inn will remain in the hands of the property’s lienholder permanently, Henderson County Superior Clerk of Court officials said Thursday,

SPCP Group submitted a $1 million offer for the business in a foreclosure sale on the courthouse steps April 29. SPCP Group was the only bidder at the sale.

In a separate foreclosure sale, the group out of Greenwich, Conn., also bid $600,000 for the house that is next door to the inn.

SPCP Group will retain the business and the house after countering an upset bid that was placed during the 10-day upset bid period following the April 29 sale, court officials said.

Whiteside Partners of Asheville bid $1,050,000 for the inn and $210,000 for the house. SPCP Group countered in May with an offer of $2.7 million for the business and $229,490 for the house, court officials said. The action by SPCP Group means the sales are final.