More than 600 acres of a property in Middleburg jointly owned by Nelson Gunnell, the co-owner of Banbury Cross Polo Field, is in the process of being foreclosed.
The announcement of the foreclosure comes after Gunnell told the Times-Mirror in May about his plans to add a new sporting clubhouse and 40-room country inn on his polo field that sits on a 62-acre property next to the more than 600 acres of land owned by Traveller’s Rest, LLC, which Gunnell and Alfred Rogers Smithwick jointly own.
Last month, Gunnell said he planned to have a formal proposal for the sporting proposal submitted to the county within the next three months.
A legal notice published last week states five parcels on the Traveller’s Rest property totaling more than 616 acres are scheduled to be auctioned off Friday at 9 a.m. in front of the Loudoun County Circuit Court Courthouse. The notice states the property will be sold “in the aggregate” and not as individual parcels.
