The Mount Washington golf course during the auction. Pictured are: Chris Jensen in brown shirt, a reporter for NHPR; Chris McInnis in the white shirt and tie; Paul McInnis in the tan suit; and attorney Rolf Goodwin in the dark suit with red tie.
The holder of the mortgage, Wells Fargo Bank, ordered the auction after default on an original mortgage given when the property was purchased in 2006. The McLane Law Firm of Manchester represented the lender.
Paul McInnis, Inc., a New Hampshire based auction company, was hired to conduct a national marketing campaign. Interested parties from 14 states and Canada were required to sign a confidentiality agreement to access the due diligence material.
Approximately 50 people were in attendance when the bidding opened at $6 million and swiftly went to $9 million before slowing between two bidders then closing at $10.5 million. The high bidder was not disclosed.
