Landmark Hotel Sold to Atlanta Developer

The Landmark Hotel was awarded a new owner yesterday, Dave McNair reports for The Hook, to John Dewberry, a Waynesboro native and real estate developer who lives in Georgia. At $6.25M, he submitted the high bid to the federal bankruptcy court. Construction has been on hold since January 2009, when owner Halsey Minor defaulted on the construction loan. The skeletal structure was seized by the FDIC two years later, after a court found that Minor had violated the terms of the loan. Dewberry still has to follow through and actually purchase the structure. He thinks it’ll be another year until construction resumes.

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