Ronn Thomas from Cushman & Wakefield was retained by Glenwood Investment LLC to sell the 57 room limited service America’s Best Value Inn Hotel.
The hotel faced new competition, as the market became saturated with two additional hotels opened recently.
Revenue was drastically reduced due to new competition entering the market.
The building and equipment were nearly 40 years old.
Sold property for a maximum value based on the position in the market as the economy hotel of choice.
Sold property for a market value based on current revenue stream.
Found buyers by aggressively marketing the property throughout the upper Midwest.
“Ronn did a great job. He is extremely pleasant and level headed yet effectively aggressive and very persistent when finding buyers. It was a pleasure working with him.”
Glenwood Investment LLC
CUSHMAN & WAKEFIELD
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Cushman & Wakefield Minneapolis-St. Paul
3500 W. American Blvd, Suite 200
Bloomington, MN 55431
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