MAPLE GROVE, MN-A Maple Grove hotel, which was foreclosed in 2010 by a group of lenders, has changed hands. TMI Hospitality has paid $7.1 million for Cambria Suites, a 129-room hotel at 9655 N. Grove Circle.
The Fargo, North Dakota-based company has signed a franchise agreement with Choice Hotels International Inc. to keep on operating the hotel, situated between Maple Grove Hospital and Interstate 94, as Cambria Suites. Eden Prairie-based Timm & Associates Inc. negotiated the deal on behalf of the sellers. For the full story, go to Minneapolis/St. Paul Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.