MA Laxmi Hospitality LLC Acquires Oakdale Hotel For $11.3M

The Hampton Inn & Suites located at 436 Imperial Avenue North in Oakdale, Minnesota has been sold for $11.3 million. The 100-room hotel was developed in 2017 and was recently acquired by MA Laxmi Hospitality LLC. The sale price of $11.3 million is approximately $1.5 million lower than its previous sale prior to the pandemic. This decrease in price is attributed to the impact of higher interest rates on hotel values.

Summary of transaction details

• Property Type: Hotel
• Sale Price: $11,300,000
• Address: 436 Imperial Avenue North, Oakdale, Minnesota
• Market: Oakdale
• Buyer: MA Laxmi Hospitality LLC
• Seller: SW Oakdale

The buyer, MA Laxmi Hospitality LLC, completed the acquisition of the Hampton Inn & Suites in Oakdale for $11.3 million. The seller, SW Oakdale, was responsible for the sale of the property. The transaction involved the transfer of 100 keys.