SOLD - Thursday, November 16, 2017 at Noon - Historic Inn at Kelly's Ford

SOLD - Thursday, November 16th at Noon - AUCTION HELD ON-SITE - Located approximately one hour from the greater Washington, DC suburbs, the historic Inn at Kelly’s Ford spans nearly 138 acres of rolling, riverfront Virginia horse country property with lodging, hospitality and equestrian assets.

  •   Nov 16 @ 1:00PM EST (Begins)
  •   Dec 18 @ 5:45PM EST (Ends)
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SOLD - Thursday, November 16th at Noon - AUCTION HELD ON-SITE 

The historic Inn at Kelly’s Ford spans nearly 138 acres of rolling, riverfront Virginia horse country property with lodging, hospitality and equestrian assets.  Located approximately one hour from the greater Washington, DC suburbs, the Inn is the ideal event venue for the entrepreneur that’s ready to put their mark on the expansive properties that the current owners have built over the past decade. 

With an Agricultural (A-1) zoning, and located on Tax Map’s 46-7 and 46-7A, the property is destined to continue to operate as the premiere event facility for many to enjoy.  The current owner has a strong book of business in 2017, and is already starting to field reservations for 2018.  While the property is for auction, the current owner, along with the experienced, dedicated staff, are committed to insuring that the current operations continue at the highest quality standards, including when the property transfers to the next owner, so that every promise, every commitment, every dream is answered.

Lodging facilities include ten guest rooms in six buildings, including two elegantly decorated Main House guest suites, an expansive apartment style loft, all with country themed, oversized rooms appointed with the finest furniture and sought after amenities, such as wood burning fireplaces and relaxing soaking tubs. During the warmer months, guests can enjoy the outdoor pool and hot tub after a day of hiking, trail riding or floating down the Rappahannock River.

All of the guests that have the pleasure of visiting the Inn at Kelly’s Ford can stop in for a drink and sandwich, play 8-ball on the regulation size pool table or play “Around the World” on the dart board with family and friends at Pelham’s Pub, a re-known local spot dating back to the 1700’s.  For those guests that have a little more time, they can make reservations in the fine dining restaurant to enjoy the ambiance of the oversized wood burning fireplace and the rustic décor that only this type of property can offer. 

The Inn is known as one of the most beautiful properties for weddings. Countless brides and grooms have selected the Inn at Kelly’s Ford as their dream destination to take their forever vows.  Given the expansive property, there are countless outdoor settings that will make memories for your guests, whether it’s by the cascading stone fountain adorned by rose bushes, the classic gazebos strategically situated on the most beautiful parts of the property or even under a mature willow tree, a simple yet refined setting.  

When the festivities move indoors, the Inn offers multiple venues. The largest banquet facility, the Arena, a 7,920 SF event center that comfortably seats up to 350 guests, includes chandeliers, sprinkler system and heated and cooled with forced air via electric heat pumps.   The Clubhouse, located at the entrance of the Arena, is a 1,280 SF wood and stone building ideal for a variety of uses.  For smaller events, Ripley Hall, a 6,000 SF building that seats up to 150 guests, has finished hardwood floors, decorative wood beams, a full service wood bar and chandeliers to brighten the space. Each of these venues has direct access to a large commercial kitchen outfitted with stainless steel counters, a rinsing sink, two double sinks and cooking area with an exhaust hood.  Attached to the kitchen is a storage area along with an industrial washer and dryer. With a combined capacity for approximately 500 guests, the Arena, Ripley Hall and the Clubhouse creates one of the largest indoor event facilities in the region, making it a high demand venue.  

Nearly every weekend, boarding customers, competitors, and weekend trail riders, traveling from near and far, descend on the Inn’s expansive equestrian facilities.  The property offers stable boarding for 24 horses, extensive fenced and cross-fenced pastures, competitive dressage facilities, an 11,200 SF indoor riding arena, stables, multiple run ins, an outdoor riding ring, two round pens, two show arenas, multiple paddocks and the “Loft” barn, a 5,767 SF barn with boarding on the main level and fully functional apartment above. Guests can stop by the equestrian center office and barn to sign up for lessons, schedule their trail ride or check in for their event with the expert staff. 

The property also includes a maintenance building, storage building, paved parking, gravel parking, river frontage, camping sites, hiking trails and countless scenic park settings. 

The Inn also includes an absolutely stunning collection of personal property assets, including artwork, fine furniture, kitchen and restaurant assets, equestrian equipment, approximately twenty five company owned horses used for lessons and trail rides, grounds maintenance assets and office assets.  The business has substantial value as a going-concern, including the existing book of business, the name – “Inn at Kelly’s Ford”, the company website, it’s loyal customer base and future revenue growth potential.

A detailed package about the real estate, personal property and business is available at Online Detailed Brochure. The property will be available for inspection at our open houses on Thursday, October 26 from 11am to 2pm and Sunday, November 12 from 11am to 2pm or by appointment only by contacting Stephen Karbelk, Auctioneer with Auction Markets, LLC and Team Leader with RealtyMarkets, a Century 21 New Millennium team, at 571-481-1037 or stephen@realtymarkets.com or Stephanie Young, Senior Sales Associate with Auction Markets, LLC and Realtor with RealtyMarkets, a Century 21 New Millennium, 571-223-9775 or stephanie@realtymarkets.com. This ABSOLUTE AUCTION will be held on-site.   A 10% Buyers Premium applies.  Please contact Auction Markets, LLC for the terms of the auction. 

To obtain access to the available due diligence information, please sign and return the Confidentiality Agreement found in the Documents Tab. 

Broker participation is encouraged.  3% Commission offered. 

Location

Auction Terms & Conditions

ABSOLUTE AUCTION

THURSDAY, NOVEMBER 16, 2017 @ NOON

Inn at Kelly’s Ford

16589 Edwards Shop Road, Remington, VA  22718

 

Summary of Auction Terms of Sale: The auction of the Inn at Kelly’s Ford will be held at Ripley Hall, 16589 Edwards Shop Road, Remington, VA  22718 on Thursday, November 16, 2017 at 12:00 p.m. local time.  This is an Absolute Auction; the assets offered for sale will sell to the highest bidder.  The real estate and personal property will be sold as an entirety.  The seller will not offer any assets individually. 

 

To register to bid at the auction, each bidder must provide to Auction Markets, LLC before the auction a certified or cashier’s check, payable to the bidder, for $150,000.  Immediately after the auction, the winning bidder must endorse the $150,000 check to Auction Markets, LLC to hold in their non-interest bearing Trust Account until closing.  The Deposit becomes non-refundable upon ratification of the Asset Purchase Agreement by the Seller.   Online bidding will not be available for this auction. 

 

A 10% Buyers Premium applies to the high bid.  Closing must occur on or before 5:00 p.m. local time on December 18, 2017.   By registering to bid, the buyer agrees to all of the terms and conditions in the Asset Purchase Agreement.  No changes to the pre-printed Asset Purchase Agreement will be permitted.  The Asset Purchase Agreement will be available for review by October 30, 2017 in the due diligence dataroom, by sending a request to Stephanie@AuctionMarkets.com or by calling Stephanie Young at 571-223-9775. 

 

If the Seller amends a previously distributed Asset Purchase Agreement before the auction, Auction Markets, LLC will make the amended version available by email, by adding it to the due diligence room and by having printed copies available at the auction.   At the conclusion of the auction, the high bidder must immediately sign the Asset Purchase Agreement and tender the required $150,000 deposit.  

 

To obtain access to the online data room, you must sign and return the approved Confidentiality Agreement.  You may request a copy of the Confidentiality Agreement by emailing stephanie@auctionmarkets.com or by downloading it at www.realtymarkets.com.

 

3% broker participation is offered, subject to the Auction Markets broker registration guidelines.  To be entitled to a commission, the broker must be the procuring cause of a buyer at the auction. 

 

Additional terms and conditions may be announced at the auction.