PROJECT OVERVIEW
Ronn Thomas from Cushman & Wakefield was retained by Kelly Inns to sell the 127 room full service Best Western Kelly Inn Hotel in St. Paul.

CHALLENGES

• Owners were concerned that the hotel staff might hear that the property was for sale.
• The property was nearly 50 years old and included rental office suites on the upper floors and the hotel business on lower floors.
• Bottom line revenue had started to decline at the property due to increased maintenance requirements.

RESULTS

• Discretely marketed the hotel so that employees were unaware of the sale.
• Found buyers by aggressively marketing the property throughout the upper Midwest.
• Sold property for a maximum value based on location near the State capitol and downtown St. Paul.