NEWS

WIRES

OTHER

Williams & Williams to Auction the Historic Glendorn Resort

TULSA, Okla. - (BUSINESS WIRE) - The acclaimed Glendorn Resort, located in Bradford, Pennsylvania, will sell at auction at www.williamsauction.com/glendorn (both on site and live via the internet) on Sunday, October 4, at 2:00 p.m. EDT/1:00 p.m. CDT/11:00 a.m. PDT. Williams & Williams, the premier brand in real estate auction, will manage the sale. Auction Network will telecast the auction live online for real time global interactive bidding at www.auctionnetwork.com.

The Glendorn Resort is a 1,207 (+/-) acre award winning Relais & Chateaux property. Originally founded in the mid 1920's by the Dorn family, this secluded estate is one of the last privately owned family retreats in America today. The property houses 14 guest cabins ranging from 1,200 to 9,000 square feet and is highlighted by a 20,000-square-foot Main Lodge which features a commercial kitchen, dining facility, and turn of the century craftsmanship throughout the iconic structure. The resort offers an abundance of outdoor activities such as skeet-shooting, fly-fishing, hiking, bicycling, tennis, canoeing, swimming and cross-country skiing. Complete with a wellness center, award-winning culinary team and Orvis endorsement, Glendorn is a fully operational family estate turned resort created for recreation, learning and renewal.

Bordered by Pennsylvania's Allegheny National Forest, Glendorn also offers 787 (+/-) acres of commercial lumber potential with prized timbers such as black cherry, ash, hard and soft maple. Glendorn is easily accessible from the tri-state area and a short drive from Buffalo, Cleveland, Pittsburgh and Toronto.

"We look forward to offering this distinguished resort via auction on site and on-line through the Auction Network," said Dean Williams, Chairman and CEO of Williams & Williams. "Whether the property is turned back into a family retreat, used as a movie set, or continues as a functioning resort, The Lodge at Glendorn is rich in history with endless potential for the future."

The Glendorn Resort will be auctioned in four parcels:

• Parcel One - 418 (+/-) acres - The resort and its buildings, including the main lodge, known as the Big House, 14 cabins, recreational and maintenance buildings.
• Parcel Two - 593 (+/-) acres located on the north side of the resort consisting of black cherry, red oak, ash, hard and soft maple. Estimated volume to be logged in the next five to ten years is 1,100,000 board feet.
• Parcel Three - 194 (+/-) acres located on the south side of the resort consisting of black cherry, red oak, ash, hard and soft maple. Estimated volume to be cut in the next five to ten years is 287,000 board feet.
• Parcel Four - 2 (+/-) acres - Known as "The Gate House" this property lies outside of Glendorn's fencing at the main gate.

In addition to live on site bidding, individuals can bid online by registering at auctionnetwork.com. Individuals interested in more information about the upcoming sale may contact Gloria Gilleland at 888-818-9681 or visit the company's web site at www.williamsauction.com/glendorn.

About Williams & Williams

Tulsa, Oklahoma-based Williams & Williams, the premier name in real estate auction, is a global auctioneer that offers turn-key solutions from property preservation to closing for all types of real estate including REO, Commercial, Farms and Ranches, and Premier Properties. The company auctions more than a thousand properties every month and offers auction services throughout the United States, serving thousands of individual clients and the U.S.'s largest financial and investment firms and government agencies. (www.williamsauction.com)

About Auction Network

Auction Network was founded in 2007 to create compelling interactive programming that merges the sport and spirit of live auction allowing the audience to not only watch but engage in the thrill of the bidding process from anywhere in the world. The success of Auction Network stems from one simple concept, giving people a front-row seat to the most exciting auctions from anywhere in the world, and the capability to bid in real time like they are there in person via the Internet or phone. Auction Network not only delivers live high-energy entertainment all in high definition but also gives viewers an inside look at the fascinating items for sale, exclusive interviews with owners, experts, designers and celebrities, the history and emotional stories behind the auction items, and live tours of the region where the auction is held. (www.auctionnetwork.com)

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6035681&lang=en

Murphy O'Brien, Inc.
310-453-2539
Lucy Zepp, lzepp@murphyobrien.com
Christine Kirk, ckirk@murphyobrien.com
Emily Peterson, epeterson@murphyobrien.com