The Baker Hotel (Mineral Wells) May Get New Lease On Life

From The Weatherford Democrat:

How much is it to buy the Baker Hotel?

The answer confirmed Friday morning is $2.2 million.

On Thursday, Industrial Foundation and Mineral Wells city officials announced an agreement reached between the Industrial Foundation and the historic structure's owner, Greg Horne, of Phoenix, Ariz., to market the property.

“We now have a fixed price,” said Richard Ball, president of the Industrial Foundation, which is good through the end of 2008. He explained at Thursday's press conference that they met with Horne approximately two months ago and eventually worked out the terms Horne would agree to.

When asked Thursday what that “fixed price” was, Ball demurred, “We'd rather not go there. … We just got the contract back this week for the second or third time.”

Industrial Foundation's Steve Butcher explained the foundation has the hotel “under contract” in order to market it to potential developers, but not to buy the hotel itself.

“We've got till the end of 2008 to structure a deal,” he said

More Here: Weatherford Democrat - Historic hotel may get new lease on life

This is great. I hope the deal works out. Although, I wouldn't like to work here because I think it's haunted. Yes, I'm weird like that. Check this out though:

The Baker Hotel