By Caitlin Coakley
Last fall, Gordon and Rebecca Clark took a deep breath and took on risk.
Part-owners of the Davidson Village Inn on Depot Street in downtown Davidson, the Clarks had discussed, but never seriously considered, buying out their partners.
Then last year’s prolonged combination of dirt-cheap real estate and low interest rates built their confidence.
“There was a concern that we might not really benefit from buying out our partners if we were just trading equity for debt,” Gordon Clark said. “But I think that because of the timing of this and where the market is right now, we picked up the inn at a pretty good price. Based on the numbers we were looking at, we felt like we had a pretty good chance for success.”
Enter your email address/USER ID and password in the fields above to gain access to the subscriber content on this site.
Your subscription includes one set of login credentials for your exclusive use. Security features have been integrated on this site: If someone signs in with your credentials while you are logged in, the site will automatically close your ongoing login and you will lose access at that time. To inquire about group subscriptions for your organization, contact Joann Griffin.
Already a paid subscriber but not registered for online access yet? Click Here to register.
Forgot password or User ID?