ATLANTA-A grassroots effort is under way locally to save the Clermont Motor Hotel, known more for its entertainment value than historic status, from foreclosure. The 129-key structure, which occupies just over an acre along Ponce de Leon Avenue, is currently scheduled for a July 7 auction at the Fulton County Courthouse.

Locally based Inman Park Properties, which bought the 85-year-old hotel in 2003 and is now in default on its loan with New York City-based Fairway Capital, has had the Clermont on the market for the past few months at $6.5 million. Both sides are reportedly negotiating an agreement that will remove the property from the foreclosure rolls.

“The owner and lender are working together to try to take it off the auction,” Gene Kansas, an Atlanta broker and developer currently marketing the property, tells “Certainly it’s in the owner’s best interest.”

John Mansour, an attorney with Atlanta-based Ayoub & Mansour LLC who represents Fairway Capital, says there is “a good chance” of holding off foreclosure on the 88,000-square-foot hotel. Efforts to reach Inman Park were unsuccessful.

The Clermont, a no-frills hotel offering room rates as low as $35 per night, is likely better known for its basement strip club and an adjoining bar featuring live music and deejays. Celebrities visiting Atlanta are as likely to stop in as local residents, and the club has been featured in Playboy, Esquire and Stuff magazines.

The pending auction isn’t necessarily hurting Kansas’ efforts to market the hotel, he says. Publicity is growing and a documentary on the Clermont is already in the works.

“I think it helps because you’re going to have a more motivated seller from a time perspective and more people know about it,” Kansas says. “We may be able to consummate a deal more quickly.”

Furthermore, Kansas has launched a design competition for the Clermont, inviting artists and architects to decide what should become of the hotel. A $1,000 cash prize and other giveaways are being offered, with the winner to be announced during a party July 30 at the hotel’s lounge.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.