A foreclosure auction for Fell’s Point’s Inn at the Black Olive was cancelled last week due to a bankruptcy filing by the owners.
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Last Thursday morning at 9 a.m., auction-goers were met at the door by an attorney, who advised that a bankruptcy filing had occurred.
The Inn at the Black Olive, 803 S. Caroline St. near the border of Fell’s Point and Harbor East, bills itself as “Baltimore’s Premier Boutique Organic Hotel” on its Web site.
It was foreclosed on for $5.4 million in mid-January; the property was most recently assessed at $3.3 million, according to the Maryland Department of Assessments and Taxation.
The hotel markets an “organic” lodging experience analogous to organic eating, with organic linens, regionally-made bamboo furniture, and geothermal heat. The 12 available suits are up to 1,150 square feet, and a roof-top restaurant seats 100.
Rates for this Friday night run from $269 for a Spa Suite to $369 for a VIP Corner Spa Suite.
The Inn, which was developed by the Spiliadis family that also owns the Black Olive restaurant on S. Bond St., remains open; specials were posted for last week’s Greek Week festivities.
A call to the Spiliadis family was not immediately returned.
by Erik Zygmont