Posts Tagged ‘motel for sale’

Vintage Palmantier’s Motel set for auction

July 29, 2010

Mike Hocker, Executive Director of the Ohio Lincoln Highway Historic Byway, writes, “I drove by Palmantier’s Motel near Minerva yesterday and saw a sign for an auction Aug 11th. I guess there is nothing else we can do.” The beautiful 9-unit motel is within sight of the famous stretch of Baywood Road paved in red bricks (bottom center of photo).

Palmantier’s Motel, opened 1947, was purchased five years ago by Scott Segeti, “lured to these parts by the beauty of nearby farm fields, grazing cattle, grassy meadows, chirping birds, fresh air and an opportunity to be his own boss.” By last year, slow business forced him to put the motel, swimming pool, two houses, and 3.25 acres for sale at $425,000.

Palmantier's Motel (near Baywood bricks) for sale

June 11, 2009

The Canton Repository reports that a classic 9-unit motel along the Lincoln Highway in eastern Ohio is for sale. Fans will recognize it as being at the eastern end of the famous brick stretch of Baywood Street.

Palmantier’s Motel, opened 1947, was purchased four years ago by Scott Segeti, “lured to these parts by the beauty of nearby farm fields, grazing cattle, grassy meadows, chirping birds, fresh air and an opportunity to be his own boss.” Now Segeti is trying to sell the motel, swimming pool, two houses, and 3.25 acres for $425,000.

OH_Palmantier'sMotelPC

“I thought it was a gift from God,” he said.

He bought it on land contract from longtime owner Carolyn Koontz in 2005. He immediately digitized the motel’s old phone system. He hard-wired room fire alarms. He touched up units here and there. He moved into one four-bedroom house on the land and rented out the other.

Four years later, Segeti isn’t sure he can make it work.

The bad economy has squeezed the motel. Even for $50 a night, sometimes not a single room is rented. Its airy one- and two-bed country decor units remain empty. Most guests these days are building contractors who follow jobs into the area, stay for a few weeks and move on….

“It would be the ideal business for a retired couple,” Segeti said. “This place still has the ambiance of the 1950s. From a time when the whole world moved at a much slower pace.”