Luxury Boutique Inn Located In World-Class Sun Valley, Idaho Sold at Auction Through Concierge Auctions

26-suite Knob Hill Inn generates 50 showings, 6 bidders and a successful sale

PR Newswire
SUN VALLEY, Idaho
Jul 26, 2011

SUN VALLEY, Idaho, July 26, 2011 /PRNewswire/ -- Knob Hill Inn, a luxury boutique hotel with 26 guest suites nestled mountainside in world-class ski destination Sun Valley, successfully sold at auction today to the highest bidder, Concierge Auctions announces. The sale took place in cooperation with listing agent Pam Colesworthy of Sun Valley Sotheby's International Realty. The buyer is from Seattle, Washington and is represented by Janine Bear, also of Sun Valley Sotheby's International Realty.

"The amount of interest we generated through the Concierge Auctions platform was phenomenal. The property was originally listed with another brokerage firm for two years before I took on the listing and the sellers decided to auction," Colesworthy stated. "The process turned the tables around, put the sellers in control, and generated inquiries from all over the nation and a number of international countries. The Concierge Auctions team was highly professional, and I look forward to working with them again."

The extensive global marketing campaign for the auction of Knob Hill produced 180 prospects and 50 showings, and resulted in 6 bidders from Texas, California, Washington, Idaho and Utah. More than 2,500 visitors viewed the auction website from all US states and 32 international countries.

Named for its location next to Ketchum's landmark Knob Hill, Knob Hill Inn is situated on 1.4 manicured acres reflecting European charm in America's first destination ski resort. Offering vistas of Bald Mountain, the majestic Sawtooths and the Boulder Mountain ranges, this prestigious boutique hotel includes 26 guest suites, a two-bedroom manager's apartment, five employee housing suites and a host of luxury amenities including 10 fireplaces, a fitness room, wine bar, indoor/outdoor swimming pool, a lounge/reception area and two restaurants.

"This auction presented an amazing opportunity to own a true alpine lifestyle property in one of the most sought-after mountain resort destinations in the country," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Pairing our process with the expertise of Pam Colesworthy of Sun Valley Sotheby's International Realty resulted in overwhelming interest and in the end, a successful sale. Today is a great example of how the Concierge process is a powerful enhancement to traditional brokerage methods, whether for luxury homes or one-of-a-kind commercial properties."

Concierge Auctions is currently accepting applications from luxury sellers nationwide with premier, storied properties. The company's innovative auction platform offers a 60-day disposition solution from engagement to closing. For more information about Concierge Auctions and its services please call 888-966-4759 or visit www.ConciergeAuctions.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 10,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions