PROJECT OVERVIEW
Ronn Thomas from Cushman & Wakefield was retained by Keziah Properties to sell the 58 room limited service Lexington Inn & Suites.

CHALLENGES

• The limited service hotel was in need of renovations.
• The hotel was located in a seasonal market in a 3rd tier suburb on the fringe of the Twin Cities metro area.
• Buyers were out of the country during the due diligence period and were unavailable to offer feedback.

RESULTS

• Found potential buyers by aggressively marketing the property throughout the upper Midwest.
• Sold the property for $2.4M, approximately 3 times gross revenue.