Hotel Online
News for the Hospitality Executive



 

Hunter Hotels Closes 2012 with Sale of 150-Room Sheraton in Twin Cities Market

 

ATLANTA/Woodbury, Minn., January 3, 2012—Hunter Hotel Advisors announced today that it closed out 2012 with the sale of the 150-room Sheraton Woodbury located in the Twin Cities market.  The firm represented the owner, Dougherty Funding, on the sale to Schulte Hospitality Group for approximately $14 million.  The five-story hotel, built in 2008, will retain the Sheraton flag.  Teague Hunter, President, led the Hunter team that represented the seller.

Located at the confluence of I-94 and I-494 on the eastern side of the metro area, the Sheraton Woodbury is proximate to a number of large office complexes, including 3M corporate headquarters.  Major amenities include an indoor swimming pool, fitness center, VIP floor and meeting space designed for small to mid-sized groups.

“Full-service hotels like the Sheraton Woodbury have been largely off the market the past few years due to the poor economy and lack of available financing,” Hunter said.  “However, after several years of improving results for the hotel industry, we are listing more full-service properties and expect to see a significant upturn in full-service hotel real estate transactions in 2013.”

About Hunter
Hunter is one of the nation's leading providers of specialty brokerage and advisory services to the hotel industry.  With seven strategically-located offices, Hunter's team of seasoned professionals and the industry's brightest stars have leveraged their combined expertise to successfully advise thousands of clients through all economic conditions.  

Additional information, including listings, is available at www.hunterhotels.net.
.
Contact:

Jerry Daly media
(703) 435-6293
jerry@dalygray.com




Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here

. .
Also See: Hunter Hotels Completes Sale of Comfort Suites in Suburban D.C. / October 2012

Hunter Realty Arranges Sale of the Wingate by Wyndham in Cleveland, Tennessee / August 2012

Hunter Realty Brokers Sale of Hampton Inn, Duncan, Oklahoma; Savvy Investors and Precise Marketing Strategy Contribute to Quick Sale / February 2012

Hunter Realty Sells Record 54 Hotels in 2011; $4 Billion in Broker Opinion of Value Reports, Predicts Active 2012 for Hotel Industry / January 2012

Hunter Realty Completes Sale of Hotel Indigo Nashville; Brokered by Teague Hunter, President, and Brown Kessler, EVP and Former IHG Exec / November 2011


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News |
Industry Resources

Please contact Hotel.Online with your comments and suggestions.