EXCLUSIVE OWNERSHIP IN HATCHER PASS, AK   
Alaskan Landmark Lodge, Real Estate & Personal Property

·         14 guest rooms, 13,208 square foot lodge.
·         4.9 acres with Little Su River view and access.
·         Surrounded by State-owned Hatcher Pass wilderness area.
·         30 GPM glacier-fed artesian well.  
·         Conveniently close to Anchorage and outlying areas.  Paved access.
·         Two large private meeting/dining rooms plus cozier meeting areas.
·         Ski area under study.  Outdoor recreation paradise. Wildlife.
·         Gold Mining History – 3 miles below Independence Mine Park & Museum

Location in Anchorage to be announced.  Information subject to change without notice. For more information call J. Reese Investments & Brokerage, Ltd. @ 907.575-9618 email: akseller@clearwire.net  or go to: www.denaliauction.com

For appointments or to register to receive a property information package and other information required for bidding and purchasing, please contact the Listing Broker and property owner, Jill Reese, at 907.575-9618, by email at:  denaliauction@yahoo.com/

BIDDING REQUIREMENTS:

To bid on this auction, all bidders are required to become qualified by registering and signing the forms and documents required by the Auctioneer and leaving with the auctioneer a deposit of $10,000.00 in cash or certified funds made payable to Mat-Su Title Co. of Alaska, Inc. before the auction commences. The remaining deposit in the form of cash or certified funds equal to 10% of the winning bid must be deposited with the escrow officer at Mat-Su Title Co. of Alaska, Inc. by Friday, March 27, 4:00 p.m. Picture Identification, such as a driver’s license, and tax I.D. number will be required.  If the winning bidder fails to perform on any auction requirement, the entire Bid Deposit will be forfeited to the seller. 

THERE IS A TEN PERCENT (10%) BUYER’S PREMIUM FOR THIS SALE.

ADDITIONAL TERMS & CONDITIONS :

PROPERTY IS SOLD AS-IS. NO WARRANTY IS EXPRESSED OR IMPLIED BY SELLER/BROKER, OR AUCTIONEER.  WHILE THE INFORMATION PROVIDED IS DEEMED RELIABLE, ALL INFORMATION GAINED FROM THIRD PARTY SOURCES IS NOT GUARANTEED.  EACH BIDDER MUST RELY EXCLUSIVELY ON ITS OWN DUE DILIGENCE TO DETERMINE THE VALUE OF THE PROPERTY & THE SUITABILITY FOR ITS PURPOSES. 

INSPECTION SCHEDULE:

This property will be available for inspection on dates to be announced.  Appointments at other times may be scheduled with the Broker/Seller only. Prospective bidders will not be admitted onto the property without registering or without a scheduled appointment, if not at open inspection times.  All bidders inspect the property at their own risk.  

DRIVING DIRECTIONS:

From Anchorage, take the Glenn Hwy approximately 2 miles past Palmer.  Turn left on Palmer-Fishhook Rd.  Go 14 miles to lodge.

CLOSING REQUIREMENTS:

Registration and Deposits are required to bid on this property.  Closing is to take place within 15 calendar days of Seller’s acceptance. Extension of closing date allowed with additional deposit.  Buyer’s agent(s) are welcome, but must register.  For assistance, please contact:

Jill Reese, J. Reese Investments & Brokerage, Ltd., Real Estate Broker & Seller

Telephone: 907.575-9618 or email: akseller@clearwire.net

PROPERTY INFORMATION SUMMARY

LOCATION: Secluded alpine get-a-way, nestled in the spectacular beauty of the Talkeetna Mountains, the lodge is surrounded by gold mining history and extensive trails, but conveniently located, enabling guests to venture out to fish on the Kenai Peninsula, trek the Matanuska Glacier, raft the Matanuska River, play at Big Lake, or stroll quaint Talkeetna, all within approximately a 2-hour radius.  En route to Denali National Park via a picture perfect summer drive across the Pass, the lodge is about 16 miles from either Palmer or Wasilla, and about 60 miles north of Anchorage.  Hatcher Pass comprises over 200,000 acres of State-owned land dedicated to wilderness, historical preservation and recreation.  Sitting approximately three miles below the Independence Gold Mine, one of the most visited tourism sites in Alaska and the recipient of extensive restoration and upgrading efforts the past few years, the lodge also enjoys proximity to State maintained parking areas, pullouts, descriptive signage and improved trails.  The State DOT has expressed plans to pave the remaining road to Willow (Parks Hwy) as well as further improve Palmer-Fishhook Rd. from the Glenn Hwy. with bike trails, etc.  The area is host to the Olympic Ski Team for training and famous for world-class back country snow cat powder skiing, ski trekking, hiking, mountain biking, snow machine trails and easily accessible mountain vistas and glaciers. The Mat-Su Borough is working to develop an 11,000 acre Nordic and Alpine ski area in Hatcher Pass including lifts, a day lodge,  a Nordic/Equestrian stadium and Olympic-standard cross country ski loops, as well as additional public trails.  The alpine base entrance lies just 3 miles below the lodge; the Nordic entrance lies approximately 7 miles below the lodge.  Snow machine trails start at the lodge and continue to Hatcher Pass Rd., connecting to Willow.  Other area uses include gold panning, hunting, rock climbing, berry picking, wildlife viewing, salmon spawning, paragliding, sledding, and kayaking. The area enjoys spectacular Northern Lights displays including the rarest of lights:  the red corona.  Motherlode Lodge hosts film crews from around the world including Grainer Films from Australia and Kroschel Films (for movie “Avalanche”).  Independence Mine was the site for the season premier of NBC’s “Treasure Hunters” reality game.  Guests to the lodge come from all over the world, ranging from Rocker, Ted Nugent to Alaska State Senator, Lisa Murkowski, to Governor Sarah Palin.  Articles about the lodge are found in “Alaska Bride and Groom Magazine” (Winter/Spring 2004), “Alaska Business Monthly” (July 2008, “Alaska Magazine” (November 2008), and the Best Places in Alaska Guidebook, 3^rd Edition, to name a few.

SUMMARY:  Legal Description:  U.S. Survey #3105, Palmer Recording District, Alaska, at Milepost 14, Palmer-Fishhook Rd., Hatcher Pass, Palmer, AK. 99645, the lodge sits on a generally square parcel of 4.9 acres (462 feet on each boundary).  The site slopes downward from northwest to the southeast and has good drainage.  A bluff along the east end of the site drops to a level area along the river.  Soils are gravel and rock.  The tract is not zoned.  Access is paved and maintained year round by the State DOT.  The Little Su River view-shed borders the property. There are only four private property parcels in the Hatcher Pass Management Plan area above mile 9 of the Fishhook Rd. and on the East side of the pass, including the Independence Mine site and Motherlode Lodge.

IMPROVEMENTS:  The lodge has a colorful, endearing history and true old Alaskan charm. Now, a picturesque, two story 13,208 square foot wood frame building, the original smaller structure (the Little Su Roadhouse) was built in about 1942 to serve the traffic traveling to the Independence Mine and between Palmer and Willow.  Enlarged around 1983-4, Motherlode Lodge now has 14 guest rooms, a dining/meeting room that seats approximately 150, a day lodge/bar/private meeting room that seats approximately 95, garage, sauna, a sewer treatment plant, glacier fed artesian well and other supporting assets.  Purchase includes all furniture, fixtures and equipment (except some family keepsakes and antiques, and other items that will be listed by Seller as excluded).

OTHER INFORMATION:  Motherlode Lodge is a landmark location and one of few easily accessible four-season Alaskan lodges surrounded by vast wilderness, yet paved access and convenient to Anchorage.  The lodge is authentic Alaskana and provides a wonderful setting for weddings, meetings, retreats, tour groups and other private events, as well as serving the public with bed & breakfast accommodations and dining.  The lodge is a destination for scenic country drives, visiting friends and relatives, wilderness sports enthusiasts, businesses seeking a quiet but convenient venue for retreats, as well as area tourists.  Current owner has owned the lodge for approximately 18 years.  The Hatcher Pass area and Motherlode Lodge are considered preeminent destinations in the Valley and are frequently featured in news and magazine articles, film projects, and the Mat-Su Convention and Visitor’s Center’s publications.  Web site:  www.motherlodelodge.com

PRICE AND TERMS:  Lodge, trade name and internet domain, furniture, fixtures, equipment, site and site improvements will be auctioned to the highest bidder.  Seller retains a reserve bid amount.  Bidders may obtain the Auction and Property details and requirements, including reserve information, by registering with Jill Reese or by registering at www.denaliauction.com .  A full dispensary liquor license is available under a separate bill of sale.  

SCHEDULE:  Auction date is Thursday, March 26, 2009, 12:30 P.M. in Anchorage, at a place to be announced.  Sealed bids, including offers for exchange or creative bids for other than all cash, will be accepted up until 11:30 A.M. the day of the auction.  Buyer shall close on property by April 10, 2009 or on another date acceptable to parties. 

INSPECTION:  Inspection of the lodge:  Open house/inspection times will be announced to registered prospective bidders or private inspections may be arranged with the Seller.  Make all appointments through the Seller, who must be present during inspections.  Phone number: 907.891.0196 or (cell) 907.232.9648.  Please do not disturb the operator or caretaker. 

AUCTION INSTRUCTIONS:        To become a prospective bidder, you must register, receive the “Bidder’s Information Package” and pay a deposit.  All deposits shall apply to the purchase price.  Bidder’s fee of 10% will be added to the final winning bid amount.

NOTICE:   The author of this material attempted to provide accurate data with care and diligence, however, the reader is informed that data was collected, relying on information provided by others, thus all statements are offered subject to error or misinterpretation.  Anyone reviewing this material is responsible for performing an independent inquiry and inspection to verify the information provided, including consulting with their accountant and attorney.  Auction information may be changed, amended or appended.  Auctioneer’s announcements take precedence over any prior written document. This information may be withdrawn or revised without notice.  Updated versions of this information may be obtained on the web site for Denali Auction Co.: www.denaliauction.com or by contacting Jill Reese

DISCLOSURE:  Auctioneer:  James Alleva, Denali Auction Co.  (907.696.7355) www.denaliauction.com .  Listing Brokerage: J. Reese Investments & Brokerage, Ltd.  The listing broker, Jill Reese, is considered the agent of the Seller and is the Seller.  Buyer’s Broker’s Agreement is required.  1% courtesy brokerage fee offered, call Listing Broker for details.  Listing Broker is also the owner of the property.  The operator of the property is also a prospective bidder.

CONTACT:  For more information, please contact: Jill Reese, Listing Broker and Property Owner, J. Reese Investments & Brokerage, Ltd.,  Mailing:  P.O. Box 91187, Anchorage, AK  99509-1187, Ph.: (907) 575-9618
Email:  akseller@clearwire.net