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IowaHospitality

Marcus & Millichap brokers sale of 60-room hotel in Iowa

July 3, 2023
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Marcus & Millichap negotiated the sale of the Holiday Inn Express & Suites Northwood, a 60-room hospitality property in Northwood, Iowa.

Jon Ruzicka, Jake Erickson, Jared Plamann and Joseph Ferguson, hotel investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller. Ruzicka/Erickson/Plamann/Ferguson procured the buyer, too.

Holiday Inn Express & Suites Northwood is located at 4712 Wheelerwood Road in Northwood.

This sale marks the 70th hotel transaction for the team of Ruzicka/Erickson/Plamann/Ferguson out of Marcus & Millichap’s Minneapolis office and the 10th thus far in to 2023.

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