Cactus Hospitality LLC Acquires Hotel In Rochester, Minnesota For $3.72M

A hotel located at 1625 South Broadway in Rochester, Minnesota has been sold for a total price of $3,720,000. The property, comprising 145 keys, was purchased by Cactus Hospitality LLC, represented by Vishal Patel. The seller, Med Town Hospitality LLC, finalized the transaction with the assistance of brokers Jon Ruzicka, Jake Erickson, Jared Plamann, and Joseph Ferguson from Marcus & Millichap. The hotel is situated in the Rochester market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $3,720,000
• Address: 1625 South Broadway, Rochester, Minnesota
• Buyer: Cactus Hospitality LLC (Vishal Patel)
• Seller: Med Town Hospitality LLC
• Brokers: Jon Ruzicka, Jake Erickson, Jared Plamann, and Joseph Ferguson - Marcus & Millichap
• Keys: 145
• Price Per Key: $25,655

In this deal, Cactus Hospitality LLC, led by Vishal Patel, acquired the hotel property located at 1625 South Broadway in Rochester, Minnesota. Med Town Hospitality LLC served as the seller, while brokers Jon Ruzicka, Jake Erickson, Jared Plamann, and Joseph Ferguson from Marcus & Millichap facilitated the transaction. The hotel features 145 keys and was sold for a price of $3,720,000, with a price per key of $25,655. The deal took place in the Rochester market.