JR Hospitality LLC acquired the 142-room Quality Inn & Suites at 814 American Blvd. E in Bloomington, MN from Lariat Companies, Inc. for $3.6 million, or approximately $26,000 per room. Personal property included in the deal totaled about $1.2 million.

The four-story, 120,916-square-foot hotel was built in 1986 on 2.2 acres in the I-494 Corridor of Hennepin County. Amenities include a swimming pool and on-site restaurant.

Nathaniel Sahn of…

from Minneapolis Commercial Real Estate News From CoStar Group http://ift.tt/1ilyUQ0
via IFTTT