LEXINGTON INN & SUITES
Ronn Thomas from Cushman & Wakefield was retained by Keziah Properties to sell the 58 room limited service Lexington Inn & Suites.
- 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.
- Found potential buyers by aggressively marketing the property throughout the upper Midwest.
- Sold the property for $2.4M, approximately 3 times gross revenue.
“Ronn is extremely pleasant and level headed yet effectively aggressive when finding buyers. It has been a pleasure working with him.”
Keziah Properties, LLC