FOR IMMEDIATE RELEASE

National Lender Orders Immediate Liquidation of the Historic Prince Charles Hotel in the Heart of the Fayetteville's Revitalized Downtown!

        The Prince Charles Hotel has been seized and foreclosed by a National Lender who has Ordered the Property Liquidated as soon as possible! Never again will you have the opportunity to own a landmark property of such magnitude as this Southern Jewel. The auction event is being managed and handled by Tranzon Fox, a licensed North Carolina auction firm and real estate broker. Make your plans today to participate in this unique and outstanding auction event on Tuesday December 11 - the auction will be held in the Prince Charles Hotel sky-view ballroom!

        The Prince Charles Hotel was constructed during the romance and grandeur of the Roaring Twenties; since then it has seen many transformations in its historic reign over downtown Fayetteville. With an ornate colonial revival edifice along with the handsome lobby, the Prince Charles has earned a place on several prominent historic and architectural lists including the National Register of Historic Places. The Prince Charles is considered to be one of the finest Colonial Revival structures still remaining in North Carolina. This stately hotel features exquisite marble floors and staircases, arched Palladian windows and doorways, and beautiful brass railing. The foundation for redevelopment has never been as solid since its construction in 1925 with the outstanding downtown renovation now proceeding in the central business district - all that's needed is your ingenuity, pride of ownership and dedication to restore this Southern Jewel to its former glory!

        The Prince Charles Hotel is located directly across from City Hall and its prominent setting has been a landmark for generations. It is situated on 3.32 acres of prime downtown real estate, with 12 Single Rooms, 19 Queen Size Rooms, 6 Double-double Rooms and 46 well-appointed Suites. Sitting on this parcel is the hotel's 168 space fee-simple owned parking lot and a picturesque second parcel on which rests an ornate fountain enjoyed by people visiting downtown. The lobby features the original inlaid marble floors, updated crystal chandeliers and beautiful sitting areas to greeting visitors as they pass the grand double staircase leading up to the mezzanine meeting area. The remaining space on the first floor is comprised of five meeting/conference rooms with seating capacities ranging from 10 to 250. A fitness room is available and open 24 hours a day. There is also space available for future commercial development. Just off the lobby is a lounge that is currently leased; the savvy investor will recognize the advantage afforded by commercial, retail and office space for profitability enhancement. Another bonus, for buyers who desire to handle catering and larger functions, is provided on the Eighth floor where a grand ballroom may well be the focal point of Fayetteville society functions. If handling all the aspects of an events facility isn't your game then simply rent the ballroom for added, easy income. The ballroom features an outdoor terrace providing attendees of ballroom functions outstanding panoramic views of downtown and the surrounding countryside.

        All real estate investments are governed by location, and from a marketplace position standpoint your purchase of the Prince Charles couldn't be more insightful. With tremendous financial and innovative local cooperation, the entire downtown area is experiencing a sustained rebirth and revitalization effort. The Amtrak Station, City Hall, corporate headquarters, and county courthouse/government offices are within blocks. Fayetteville is the home of Ft. Bragg Army Base and Pope Airforce Base, two of the most utilized military complexes in the United States. Hay Street is now the place where professionals and families go to enjoy first class condominium living, award winning museums, libraries, shopping, churches, and fine cuisine. Join with the leadership of Fayetteville and stake your claim for outstanding potential profits and a property that puts excitement back into hotel ownership!

"The combination of a well-located stately hotel with tremendous upside presents a unique opportunity for buyers. The Lender-ordered auction just adds more excitement to the sale since the public auction process allows the true market value of the property to come forth," said Bill Londrey, a partner at Tranzon Fox.

Tranzon Fox, headquartered in Virginia Beach, VA, (NCAF4953) is a full-service real estate auction company and a member company of Tranzon, L.L.C., which is based in Richmond, Va. Founded in 2001, Tranzon L.L.C. has 14 independently owned and operated member auction companies that collectively have more than 20 offices coast-to-coast. The professionals working at Tranzon member companies specialize in providing real estate, business asset and liquidation auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S.

Interested bidders may contact Bill Londrey with auction questions at Billauctionquestions@tranzon.com. For complete details about the auction, visit the property listing TAA-0763 at www.tranzon.com or call 877-355-2251.