An online auction of the Baton Rouge Marriott ended Wednesday afternoon with a high bid of $21.4 million.
Officials with Auction.com, which had the listing for the 299-room hotel and the 5.5 acres of land it sits on, would not disclose who the winning bidder was. It is not known if the bid will be accepted.
CCMS 2005-CD 1 Lodging, a pool of commercial mortgage loans, acquired the hotel at 5500 Hilton Ave. in September 2013 for court costs, which came to a little more than $2,200. The lender said it planned to market the high-rise hotel to potential buyers.
CCMS had seized the hotel a few months earlier from Columbia Properties Baton Rouge Ltd. At the time, it said Columbia owed $32.8 million as of May 1 on a $36.5 million promissory note signed in 2005. The interest and other fees owed to CCMS brought the total debt to close to $39 million.
The hotel, which is just off Interstate 10 near College Drive and Corporate Boulevard, has been in business since 1976, first as a Hilton. The hotel switched flags in 2000, becoming a Marriott after Columbia bought the property.