Marcus & Millichap has sold the 117-room former Hampton Inn hotel in Lakeville, Minn. Other terms and conditions were not disclosed. Built in 2019, the former hotel property is situated on 3.17 acres.
“To say this hotel had been in the spotlight the past few months is an understatement,” Jon Ruzicka, senior managing director investments, said in a statement. “It’s a beautiful hotel with a new owner in place that aims to recreate the hotel’s image and bring it back to its full operational potential.”
Ruzicka, Joseph Ferguson, Reed Gizinski and Brock Banken, investment specialists in Marcus & Millichap’s Minneapolis office, facilitated the sale.