Timm & Associates, Inc. has been exclusively selected to represent the bank in the sale of the former Holiday Inn, currently unencumbered by a Franchise located in Owatonna, MN . Franchise options include: IHG, Wyndham and Best Western This is a rare opportunity to purchase this bank owned property that is priced substantially below current replacement costs for a similar new construction asset. This hotel is currently the largest full-service property in the area, allowing a unique competitive advantage over other hotel in the market. There is substantial operating and financial upside for this hotels and there is interest from multiple brands for a flag conversion.
GrandStay Hotel and Suites of Perham, MN
Timm & Associates, Inc. has been exclusively retained to represent the ownership in the sale of the GrandStay Hotel and Suites in Perham, MN. Located in the heart of Minnesota’s lake country, the hotel benefits from a strong year-round tourism base including lake...
