Posted at: 05/19/2013 11:46 AM
Hemingway's Restaurant in Killington, Vt.
KILLINGTON, Vt. (AP) - A former restaurant once considered the Killington area's most upscale eatery has a new owner.
Hemingway's Restaurant was sold at a foreclosure auction Friday for $55,000 to an undisclosed buyer.
The Rutland Herald reported that auctioneer Thomas Hirchak began the bidding at $200,000, with four bidders present and a fifth on the phone.
But the opening bid eventually came in at just $25,000 before the price went up to the winning price of $55,000.
Hemingway's, a four-star restaurant named after writer Ernest Hemingway, was known for its new American cuisine with a French and Italian flair, and its extensive wine collection.
After nearly 30 years in business, owners Ted and Linda Fondulas closed the restaurant two years ago. The mortgage holder foreclosed on the property in February.
Information from: Rutland Herald, http://www.rutlandherald.com/
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