Banks facilitate truck stops' reopening

Baack · May 27, 2010

Two travel plazas that closed unexpectedly in March are reopening under bank ownership.

Te-Khi Travel Court in Emmett Township last week began selling gasoline and diesel fuel. It also has reopened its convenience stores and service center. The Tekon Travel Plaza in Tekonsha opened Tuesday.
Both have adjoining restaurants, which are slated to start serving food again next week, said Ron Polowy, operations manager with TriGild, an asset recovery company.
"We're in the process of cranking it up right now," he said.
Polowy said Berkadia Commercial Mortgage LLC now owns the Te-Khi and Tekon. The bank hired TriGild to get the businesses running again so that they can be sold to a new owner.
"I'm glad to see them open again and putting local people back to work," said Mike Hawks, a Battle Creek truck driver who leases from North American Van Lines Inc. He was at Te-Khi on Wednesday.
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http://www.battlecreekenquirer.com/...270323/Banks-facilitate-truck-stops-reopening

passingthru69 · May 30, 2010

Yep, easier to sell it with it showing a bussiness trade.

When said bussiness closed it makes a buyer real leary about buying it.

Plus also the bank then has an idea on how much it takes to run it on a daily average, plus the daily income coming in.

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