Bankruptcy Trustee Retains Keen Realty to Sell Waterfront, Income Producing Hotel, Marina and Restaurant Property Located in Fairhaven, MA.

Keen to Dispose of Holiday Inn Express w/ Marina, Turn-Key Restaurant and Banquet Hall 

GREAT NECK, N.Y. -- John Aquino, Esq., Chapter 11 Trustee for the estates of Southcoast Express, Inc. and Sky View Lines, LLC, has retained Keen Realty, LLC to market and sell an operating Holiday Inn Express Hotel, marina and related property located in Fairhaven, MA.

The property consists of 1) an 88-room Holiday Inn Express hotel, 2) a one- and two-story building including a 64-room non-operating hotel with indoor pool, a 400-seat banquet hall and a 140-seat waterfront restaurant, 3) a 102-slip marina with approvals in place for an additional 27 boat slips, and 4) vacant, developable land. The property site totals approximately 4.65 acres and is located on the waterfront in Fairhaven, MA, approximately 60 miles south of Boston. The Trustee may consider offers for the property as a whole or in parts.

"Interested parties should act immediately," said Mike Matlat, Keen Realty's Vice President. "This property represents an excellent opportunity for hotel operators to secure an operating Holiday Inn Express located in a market which is currently experiencing revitalization. The marina, turn-key restaurant and banquet hall add to the income potential of this property as a whole. The property also allows itself to be subdivided and sold in up to four parcels. It's located on the waterfront and we all know that they are not making anymore waterfront property," Matlat added.

Established in 1982, Keen Realty specializes in selling excess assets and restructuring real estate and lease portfolios for companies in bankruptcy. Keen Realty has had extensive experience solving complex problems and evaluating and selling real estate, leases and businesses. Keen Realty, a leader in identifying strategic investors and partners for businesses, has consulted with hundreds of clients nationwide, and evaluated and disposed of more than 20,000 properties containing nearly 2,000,000,000 sq. ft. across the country. Recent clients include: Cable & Wireless, Meadowcraft, American Candy, Spiegel/Eddie Bauer, Arthur Andersen, Service Merchandise, Tommy Hilfiger, Warnaco, and JP Morgan Chase.

For more information regarding the sale of this property, contact Keen Realty, LLC, 60 Cutter Mill Road, Suite 214, Great Neck, NY 11021, Telephone: [phone], Fax: [phone], e-mail: [e-mail] Attn: Mike Matlat.