Texas State Bank has dismissed a claim made last week that Hotel Fredonia in Nacogdoches has been sold.

During last Friday’s Nacogdoches Commissioners’ Court workshop, Commissioner Jim Elder said that someone had acquired the property.

According to an article in The Daily Sentinel, a bank spokesperson says “nothing has changed.” 

In December, Texas State Bank was again the only bidder in a foreclosure sale of Hotel Fredonia, acquiring the property for $1.67 million.

The article said there was more than $5 million owed on the Hotel Fredonia.

The property was closed in November 2013.