Online Auction of Inventory and Equipment
Clock Tower Resort and Water Park
Complete 300 Room Hotel & Furnishings, Multiple Restaurants, Banquet Hall, and Water Park!
Type of Auction:
Auction Closing Date and Time:
August 24, 2017
First lots close at 10:00 AM CDT
Inspection Dates and Time:
August 23, 2017
10:00 AM to 4:00 PM CDT
7801 E. State Street
Rockford, IL 61108
Type of Assets/Lots:
(300) Fully Appointed Guest Rooms & Suites – Including Flat Panel TV’s, Lobby & Meeting Rooms, Gym Equipment, Multiple Restaurants & Snack Bars Including Complete ‘Tilted Kilt’ Restaurant – With All Cooking & Refrigeration Equipment & Related Small-Wares – Hotel Maintenance Equipment, Boilers, Convention & Meeting Room Tables & Chairs, Arcade Games, & Much More!
Auction will Also Include: Entire Water & Amusement Park to be Sold in it’s Entirety as One Lot – Built New in 2008 for Over $20M (With over $600K in Pool Equipment Upgrades in 2015)
Payment is due within 24 hours. Cash, wire transfer, cashier’s check, or company check with a bank letter of guarantee are all acceptable forms of payment.
Buyers are subject to an 18% premium, which will be applied to purchase total.
Lot Book and Webcast Auction Platform:
Lot Book and simulcast online auction provided by CA Global Partners.
For questions regarding assets or auction registration, please contact Director of Auction Services Burdette Wilber at (314) 616-8422 or firstname.lastname@example.org.
PAYMENTS AND FEES
Payment Due Date: Invoices must be paid in full within 24 hours of the closing date and before removal of any of the assets of the sale unless otherwise specified. No assets will be released until invoices are paid.
Accepted Payment Forms: All deposits and balances due shall be payable to the order of CA Global Partners. All payments must be made by Cash, Cashier's Check, Wire Transfer or Company Check with Bank Letter of Guarantee(see below). All sales are in U.S. Dollars.
Business/company checks will not be accepted without a letter of verification from your bank similar to the example illustrated below:
(Bank Name) unconditionally guarantees payment to CA Global Partners from (Company Name) up to the amount of __________. This guarantee will be valid for purchases made at the auction of (Auction Name) on (Auction Date).
Buyer's Premium: HYPERAMS and its partners impose a buyer's premium on any goods sold to help defray auction expenses. The buyer's premium is a reflected as a percentage that is added to the final purchase price of any item. Rates vary depending on the auction, but are generally between 15% and 18%.
Final Sale Notice: All assets are being sold “AS IS, WHERE IS” and buyers acknowledges they have inspected all assets prior to bidding. While all care was taken in gathering information on the equipment that is for sale, HYPERAMS will not be held responsible for the correctness of the descriptions. As such, HYPERAMS recommends buyers, if able, to inspect items before purchasing. All persons are inspecting, bidding and removing assets at their own risk and liability without recourse on HYPERAMS.
Sales Tax: Buyers must pay all sales, export, use and other taxes due to any federal, state or local taxing authority on their purchase. To receive the benefit of any tax exemption, the buyer must supply HYPERAMS with a sales tax exemption certificate. HYPERAMS has provided downloadable sales tax exemption certificates for buyers:
REMOVAL AND SHIPPING
Removal and Shipping Responsibility: The Buyer is solely responsible to provide any personnel, equipment, or material needed to pick up purchases and shall assume all responsibility for the removal of any item purchased at the sale. The Buyer is required to remove within the stated time frame which is on their invoice unless prior arrangements have been made in writing and approved by the Auctioneer.
Insurance Certificates: Buyers may remove assets themselves or hire any rigger company that they so choose. Buyers, or their riggers, must provide the Auctioneer and the owner of the premises of the sale a certificate of insurance in amounts acceptable to the Auctioneer prior to removal of any Lot. On small lots which are considered "hand carry," no insurance is needed.
HYPERAMS has provided a list of local rigging companies that have expressed interest in assisting with removals for this auction:
Adcom Worldwide Services – Tel: 800.370.7700
Craters and Freighters – San Jose, CA • Tel: 800.993.7688
Craters and Freighters – Tel: 800.736.3335
Computer Transportation Services – Chad McDermott • Tel: 800.831.0030 x17
Navis Pack & Ship – Tel: 800.344.3528
Nationwide Equipment Transportation, Inc – Tel: 866.922.8855
The Packaging Store – Tel: 818.956.1137