By Brian Ball
The lender to a foreclosed hotel in Delaware hopes a bit of extra marketing will help it avoid the typical two-step auction process to getting a troubled asset off its balance sheet.
Ciena Capital Funding LLC has hired Lewis Center-based Gryphon Realty Advisors and Oklahoma-based auctioneer National Commercial Auctioneers to drum up interest among investors and hotel operators in the planned March 18 sale of the four-story, 104-room Delaware Hotel at 351 S. Sandusky St.
