AMERICA’S BEST VALUE INN
LOCATION
Glenwood, MN
CLIENT
Glenwood Investment LLC
ROOMS
57
ASSIGNMENT
Disposition
PROJECT OVERVIEW
Ronn Thomas from Cushman & Wakefield was retained by Glenwood Investment LLC to sell the 57 room limited service America’s Best Value Inn Hotel.
CHALLENGES
- 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.
RESULTS
- 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.”
George Sheets
Glenwood Investment LLC