Brookdale Lodge fails to sell at auction
by Press-Banner
Dec 12, 2013 | 5837 views | 3 3 comments | 393 393 recommendations | email to a friend | print
The Brookdale Inn and Spa, formerly the Brookdale Lodge, is once again the property of the State Bank of India, after no one was willing to pony up the $3.2 million minimum bid at a trustee auction last month.

The trustee auction, held on Friday, Nov. 22 on the steps of the Santa Cruz County Courthouse, was conducted by Irvine-based Real Estate Financial Services, Inc.

The property, as famous for its alleged ghosts as for the celebrities and politicians who frequented it in its long-past heyday, has been shuttered since October 2011, when Boulder Creek fire officials shut down the property due to safety violations.

The former owner, Sanjiv Kakkar, purchased the lodge in 2007 for $5.3 million. He pleaded no contest in May to a count of felony insurance fraud, as well as two misdemeanors that stemmed from lack of worker's compensation insurance and building without permits.

Comments-icon Post a Comment
January 01, 2014
Tear it down and put it baseball fields
December 24, 2013
Perhaps they should have it deemed a Historical Monument.. It is quite rich in history and it would keep something like this from happening again. And open doors to grants to restore it and bring it to code. Then it would be protected too. Its important to our valley.
John wales
July 16, 2014
Anybody want to help me raise the money to buy it and reopen it?

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