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Mineola Lounge and Marina owner Pete Jakstas says tough lending standards has made it impossible for anyone to purchase his hotel.
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You very much well the hotel once known to be the weekend retreat for mobster Al Capone falling on hard times a once great.
Mineola hotel has gone unsold for two years.
Now is up for auction on eBay Jeff Flock is in -- -- Illinois with more -- Cheryl a signpost on the real estate road for -- take a look at the what they called the grand lady of the -- this is the Mineola hotel.
Right here on the shores of the chain of lakes and I've got a man whose family owned this.
Since 1943.
-- -- -- Did -- real estate downturn is not help you sell -- No it has not.
They wanted to that you're looking to buy it does got a problem -- raising money the banks -- -- -- any money out.
Until banks start loaning money out -- economy's not gonna go anywhere.
Despite this tremendous history that some really quickly I want to bring you inside any of our will -- viewers that are interest they have in a piece of history here.
Al Capone used to hang out here inside the bar.
And maybe I have Dutch take.
Where there used to be able to get a room here for dollar and this was a nice hotel there was a lady -- -- kingdom castle.
Who loves it.
But the downturn has not helped but if anyone wants seventeen acres of beautiful Lakefront acreage out here.
And a tremendously historic hotel he got -- opponents had over there yes we do we have a number right in that we found in around hotel.
It's -- -- showcase and Geraldo didn't even dig it out of the basement but there you go the Mineola hotel fox lake Illinois come on down and get a bargain.
