No one showed up with a cashier’s check for $1.7 million to buy the fabled Prospect Historic Hotel at an auction held Monday on the steps of the Jackson County Courthouse in Medford.

The foreclosed, 5.6-acre property at 391 Mill Creek Drive in Prospect, the gateway to Crater Lake National Park , included the original Victorian-era house. The former stagecoach stop and roadhouse along the Upper Rogue River grew to become a popular resort destination.

The property last sold for $2.8 million in October 2024 to Prospect Collective LLC.

The southern Oregon lodging, restaurant and event space closed less than a year later in July , the same month lender ThorMar LLC foreclosed on the property due to nonpayment by Prospect Collective LLC.

The auction minimum bid of $1,682,149 was to

See Full Page