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MinnesotaHospitality

Marcus & Millichap sells 114-room hotel property near St. Paul

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services sold the Days Inn Roseville/Saint Paul, a 114-room hotel property located in Roseville, Minn. The hotel sold for $3.55 million.

Jon Ruzicka, investment specialist in Marcus & Millichap’s Minneapolis office, and Gordon Allred, vice president of Investments in the firm’s Ontario, Calif., office, had the exclusive listing to market the property on behalf of the seller, a partnership.  The buyer, a limited liability company, was also secured and represented by Ruzicka and Allred.

The final sales price came in at 104 percent of the original list price.

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