URBANA, Ill. (WCIA) — An update on the auction for the Landmark Hotel.
The company that won the auction JWM Ventures is out.
The contract was canceled after JWM couldn’t come up with the $130,000 deposit.
The money was due with 24 hours of winning the auction, though JWM was given a week.
Another buyer, which has not been identified has put down a deposit.
Closing is scheduled for November 12th.