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Published: 2004-05-13 04:17:00
Updated: 2008-11-05 22:32:40

Posted: May 13, 2004
Updated: November 5, 2008

Colonial Inn's owner declines offer from suitor to buy property

colonial inn
colonial inn
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HILLSBOROUGH, N.C. — A Greensboro businessman offered $500,000 for the Colonial Inn, but the inn's owner turned down the bid.

Henry Francis bought the Hillsborough landmark two years ago, promising to restore it. So far, that has not happened.

Francis wants $1.7 million for the property.

Until Francis starts making repairs, he is being fined $100 a day by town officials. So far, he is up to $4,500.

  • Reporter: Julia Lewis
  • Web Editor: Kamal Wallace
Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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