Ronn Thomas from Cushman & Wakefield NorthMarq was retained by Kelly Inns to sell the 127 room full service Best Western Kelly Inn Hotel in St. Paul
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 lower floors.
Bottom line revenue had started to decline at the property due to increased maintenance requirements.
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.
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Cushman & Wakefield Minneapolis-St. Paul
3500 W. American Blvd, Suite 200
Bloomington, MN 55431
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