Historic Edison Walthall Hotel to go up for auction - WLOX.com - The News for South Mississippi

Historic Edison Walthall Hotel to go up for auction

The Edison Walthall Hotel, which had its beginnings as a bakery in 1927, goes on sale May 22 in an online auction.

The eight-floor hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors.

Tax records put the appraised value at $3.79 million, though its assessed value for tax purposes is $569,261.

Auctioneer Benny Taylor tells the Mississippi Business Journal the auction will require a minimum bid but he could not disclose the amount.

He says the auction includes the more than 100,000-square-foot hotel, its four-level, 200-space parking garage and all furnishings in the hotel. The hotel has 205 rooms.

Taylor expects the Walthall's next incarnation will be as a condominium or residential apartment building.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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