Lynchburg, VA - The Wingate by Wyndham Hotel off of Candler's Mountain Road has new owners.
During an auction ThursdayLiberty University bought the property for $9.2 million.
LU School Chancellor Jerry Falwell Jr. says Liberty will run it as a hotel but has not ruled out turning it into dorms in the future. Falwell also says the hotel performs well.
He hopes the school will recoup it investments soon.
We will have much more on this story tonight on ABC 13 News after Game two of the NB- finals.