Hotel to go back up for sale [Farmingdale, NJ]
The 19th-century American Hotel, East Main Street, which operated as a banquet facility and restaurant for years before it was closed at the end of 2003, will be put on the auction block for a second time on March 23 at 1 p.m. The auction will take place at the hotel.
At the first public auction in October, the building and a liquor license connected to the facility were sold for a combined $4.35 million to Tran Dinh Truong, a hotel owner from New York City.
However, municipal officials were notified in November by Bankruptcy Trustee David Doyaga Sr., representing former owner Hoti Inc., that Truong had defaulted on the sale.