Budget Host, Eilers Steakhouse, Laser Wash headed to auction
Sheriff’s sale is part of bankruptcy proceedings
The former property of Budget Host Inn and Eiler’s Steakhouse will be for sale next month after a bankruptcy case was completed.
The sheriff’s sale auction of the property will be at 10 a.m. Oct. 23 at the Webster County Law Enforcement Center, 702 First Ave. S., according to legal notices that were published.
Laser Auto Wash at 207 Ave. O, which had the same owners, and a house will also be sold.
Court documents show Great Western Bank filed a foreclosure suit on Jan. 23. Joseph and Tamera McMahon filed bankruptcy April 9 in United States Bankruptcy Court.
The judgment amount was $2,213,587, according to legal publications.
The car wash, hotel and steakhouse all were closed in spring of this year.
Court filings name three loans, two of which were for a total of about $2.4 million dated August of 2013.
The Messenger’s records show Eiler’s Steakhouse opened Oct. 1, 2013, at the Budget Host Inn location after an extensive renovation of the restaurant.
The Eilers name recalls the Eilers Hotel, as did historic photos that were part of the dining room decor. That establishment, situated in downtown Fort Dodge on City Square, was a prominent part of the town’s history in the 19th and 20th centuries.
McMahon and his father, also named Joe McMahon, purchased the Eilers Hotel in 1990 and were its last owners, according to a 2013 story in The Messenger.
The hotel burned down in 1994 and the city later used that property in its efforts to build the Fort Dodge Public Library.
Budget Host Inn was established in 1994, according to the 2017 Fort Dodge business directory. It staffed 21 people.
-Messenger photos by Joe Sutter
TOP: The Budget Host Inn and Eiler’s Steakhouse, shuttered since spring, will be sold at a sheriff’s auction in October.
RIGHT: The now-closed Laser Wash will be also be sold.