Hotel Knoxville foreclosed, sold in auction
Hotel Knoxville was sold in an auction after being closed down since March.
The popular, pyramid-shaped hotel, located at 501 E Hill Avenue, closed its doors last month amid the coronavirus pandemic.
According to property tax assessor records, the business was sold in an auction to a New York buyer on March 17 after closing on March 16. The hotel was purchased for $8.3 million by BSPRT Knox Owner LLC.
Hotel Knoxville, which opened in 1972, is Knoxville's largest hotel with 378 rooms and 26 meeting rooms.