"The Radisson is the nicest hotel in all of this Quad Cities area," McGaughy tells GlobeSt.com. "It fits well within their portfolio. They have a number of other well-performing Radisson hotels in their portfolio and a regional focus on the Midwest." McGaughy declined to disclose a purchase price for the property. In the only other hotel deal in the area this year, the 102-room Super 8 at 2501 52nd Ave. in Moline, built in 1979, was sold for $2.9 million.

Ryan built the Radisson in 1997, and has been operating it ever since. However, McGaughy says the company was happy to get it off of its books. "They're not hotel operators at all," McGaughy says. "They're a construction company, and this was one of only two hotels they own. It didn't fit within their long-term strategic portfolio."

McGaughy says the area is a very tertiary-type of market. "Demand is really insulated up there to John Deere's headquarters. That's a big demand generator in Moline." Also generating visitors is a military arsenal in nearby Rock Island and three riverboat casinos in the area, he says.