WHI Announces Sale of the Red Roof Inn, Minneapolis Plymouth, MN
Warmbrodt Hotel Investments announced today the firm closed the sale of the Red Roof Inn located in Minneapolis Plymouth, MN. The 24 year old property was sold on behalf of the institutional owner for an undisclosed price. The purchaser will retain the Red Roof Inn franchise and renovate the property to new NextGen standards.
“The strong location within the metropolitan Twin Cities produced significant investor interest. Smart operators recognize the opportunity to add healthy revenue to existing operations. From the SBA lender to the franchise, all parties worked together for a seamless transaction,” commented Zane Varvel, Vice President of WHI.