STAUNTON, Va. (WHSV) -- The Beverley Hotel in Staunton is up for sale again, after being vacant for more than a year.
It is privately owned, but city leaders are working with a real estate group to reach out to developers.
A development group terminated the contract last week.
Commercial Realtor David Denman with Cottonwood Commercial is handling the sale.
The development group that was going to work on the building requested to stay private after the contract fell through.
Denman said he can't say much at the request of the group.
The hotel was condemned before because of health sanctions and infrastructure issues.
Director of Economic Development Bill Hamilton said he's disappointed the contract was dropped.
Hamilton said the development group had experience dealing with historic buildings.
"It would be great success for us to be able to get this building revitalized and get new life and energy back into that building. And you don't want buildings like that to sit for any length of time because they tend to affect property values around them," said Hamilton.
Hamilton said the city works with prospective groups to let them know incentives for renovating the Beverley Hotel.
If businesses or groups are interested in buying the building, Denman said to contact him.
Denman's phone number is (540) 810-3000.
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