A New Bern hotel was sold to the highest bidder Thursday morning, and that turned out to be just $1.26 million.
The Days Hotel in Five Points closed due to bankruptcy in May. The auction drew a lot of onlookers, but only a couple of serious bidders.
The winning bid was actually over the phone from a man in Georgia. Sanmukh Patel says he is keeping it as a hotel and will open it as soon as possible.
Bidding on the six-story hotel started out at $500,000 but the auctioneer had to drop that opening bid after no one spoke up.