Gopinath Hotels LLC Acquires La Quinta Inn & Suites Hotel In Woodbury For $7.3M

The La Quinta Inn & Suites St. Paul-Woodbury, a 108-room hotel located at 700 Bielenberg Drive in Woodbury, Minnesota, was recently sold for $7.3 million. The property was acquired by Gopinath Hotels LLC from the seller Woodbury TP LLC. The transaction was facilitated by brokers Jake Erickson, Jared Plamann, Jon Ruzicka, and Joseph Ferguson of Marcus & Millichap. The hotel boasts a price per key of $67,593 in the thriving Woodbury, MN market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,300,000
• Address: 700 Bielenberg Drive
• Market: Woodbury, MN
• Buyer: Gopinath Hotels LLC
• Seller: Woodbury TP LLC
• Brokers: Jake Erickson, Jared Plamann, Jon Ruzicka & Joseph Ferguson - Marcus & Millichap
• Keys: 108

The sale of La Quinta Inn & Suites St. Paul-Woodbury in Woodbury, MN, sets a notable record as the most expensive lodging real estate transaction reported by the Minnesota Department of Revenue this year. Gopinath Hotels LLC, as the local buyer, made a strategic investment in acquiring this prominent hotel asset.