What to do after the hotel is auctioned by the court?

Legal analysis: For failed auctions in court auctions, the person applying for court execution or his creditor can accept the auction items at a reserved price, which is to seize the subject matter of the auction to pay off the debt. Of course, the price of the object is used to pay off the debt. It can also be negotiated again by both parties. When the second or third auction fails, the creditor can choose to pay off the debt in kind.

Legal basis: "Civil Procedure Law of the People's Republic of China" Article 247 After the property is sealed or detained, the execution officer shall order the person subject to execution to perform legal documents within the specified period. obligations. If the person subject to execution fails to perform within the time limit, the people's court shall auction the sealed or impounded property; if it is not suitable for auction or both parties agree not to conduct an auction, the people's court may entrust the relevant unit to sell it or sell it on its own. Items that are prohibited from being freely bought and sold by the state shall be handed over to relevant units for purchase at prices set by the state.