National Hotel in Prince George to be sold to highest bidder at unreserved Ritchie Bros. auction



    PRINCE GEORGE, BC, Dec. 10 /CNW/ - On Tuesday, December 18, 2007, the
National Hotel in downtown Prince George, B.C. will be sold to the highest
bidder - regardless of price - at an unreserved Ritchie Bros. Auctioneers
auction. The 32-room, two-storey hotel features a 56-seat restaurant and
186-person nightclub, and includes the lease for a nearby cold beer and wine
store.
    Ritchie Bros., the world's largest auctioneer of industrial equipment,
will sell the hotel during the one-day unreserved auction at its Prince George
sale site, in addition to hundreds of items for the forestry, construction,
aggregate and other industries. The auction will be open to the public and
strictly unreserved - meaning there are no minimum bids and no reserve prices.
Every item, including the hotel, will be sold to the highest bidder on auction
day.
    "The National Hotel is located in a prime position in Prince George,
directly opposite the Via Rail station, and offers tremendous development
potential," said George Willows, Ritchie Bros. Regional Manager. "Our upcoming
auction represents a once-in-a-lifetime opportunity for investors or
developers, because this unique property will be sold on December 18 to the
highest bidder at the auction - regardless of price."
    The National Hotel is located at 1201 First Avenue in Prince George, and
offers exceptional visibility from Highway 16. The lease for the Bon Voyage
cold beer and wine store at 115-4488 Highway 16 West is included in the sale
of the hotel. For more information, contact Brendon Krueger, Ritchie Bros.
Territory Manager, at 250-614-9851.
    Interested buyers can bid on the real estate and equipment in the
December 18 auction in three different ways: in person at the Prince George
auction site; by proxy bid; or live and in real time over the internet using
the Ritchie Bros. online bidding service, rbauctionBid-Live. Registration is
free. Online bidders must register online before auction day at
www.rbauction.com (at least 2 to 3 business days is recommended for first-time
registrants).
    The auction starts promptly at 8 a.m. on Tuesday, December 18, 2007. The
auction site is located at 1434 Old Cariboo Highway in Prince George, B.C.
Interested buyers can visit the auction site to inspect and test the equipment
prior to auction day. The site opens daily at 8 a.m. More information,
including photos of real estate and equipment in the auction, is available at
www.rbauction.com.

    ATTENTION: MEDIA - You are invited to attend the auction. Directions to
sale site: From Prince George airport, travel south on Airport Road to Johnson
Road. Proceed east on Johnson Road to Old Cariboo Highway. Head north on Old
Cariboo Highway for approximately 5 km. Watch for our site on the right.

    About Ritchie Bros.

    Ritchie Bros. is the world's largest auctioneer of industrial equipment,
operating through over 110 locations in more than 25 countries around the
world. The Company sells, through unreserved public auctions, a broad range of
used and unused industrial assets, including equipment, trucks and other
assets utilized in the construction, transportation, material handling,
mining, forestry, petroleum, marine, real estate, and agricultural industries.
The Company maintains a web site at www.rbauction.com.





For further information:

For further information: about the auction contact: Kim Schulz,
Corporate Communications Manager, Ritchie Bros. Auctioneers, Head Office, Tel:
1-800-663-8457 or email: kschulz@rbauction.com; Or George Willows, Regional
Manager, Ritchie Bros. Auctioneers, Prince George Sale Site, Tel: (250)
963-8491


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