The Days Inn Hotel in Oil City is up for sale again.
This time, the current owner, Oil City Hospitality, is asking for $2.5 million for the five-story hotel in downtown Oil City by Veterans Bridge along the Allegheny River.
The hotel, which has sat vacant since it closed in 2019, is currently in a state of major disrepair and has recently been vandalized.
The listing was posted May 16.
More than two years have passed since Oil City Hospitality purchased the property for $250,000 in February 2021 from First Western SBLC Inc. of Dallas.
The bank was the sole bidder for the 106-room riverfront hotel at a Venango County sheriff’s sale in mid-2020.
Patel also said previously the hotel has had two water main breaks that have caused damage.
During a May city council meeting, Oil City city manager Mark Schroyer said there was a recent break-in at the hotel that Oil City police are investigating.
He said the culprits seemed to have broken into the back of the hotel and had been in there for a while and that the first floor had been “trashed.”
A meeting between Oil City Hospitality, the city and other local organizations has been scheduled for Thursday as that is the day the hotel owner is planning to be in town, Schroyer said last month.
The hotel was built as a five-story Holiday Inn at a cost of $1.6 million. It opened for business in August 1965 and for the better part of the next three decades was one of the focal points of Oil City’s social and business scene.
The hotel was later renamed the Arlington and became part of the America’s Best Value Inn chain. Then in 2013 it became a Days Inn as part of the Wyndham Hotel chain.
