Jeety St. Cloud LLC Acquires Holiday Inn Express In St. Cloud For $7.656M

The property asset involved in this transaction is a 113-room Holiday Inn Express located at 4322 Clearwater Road in the St. Cloud, MN market. The hotel sits on 3.09 acres and features a four-story structure built in 1999. The property was previously acquired by Island Investments Inc in 2015 for $9.21 million and has now been sold for $7,656,000, which equates to $67,752 per room, providing insights into its valuation in the current market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,656,000
• Buyer: Jeety St. Cloud LLC
• Seller: Island Investments Inc
• Brokers: Jon Ruzicka, Joseph Ferguson & Reed Gizinski - Marcus & Millichap
• Keys: 113
• PPK: $67,752

This transaction involves key representatives from Marcus & Millichap, specifically Jon Ruzicka, Joseph Ferguson, and Reed Gizinski, who facilitated the sale on behalf of both the buyer and the seller, bringing together parties for this significant property deal within the St. Cloud area.