CBRE Hotels Sells Country Inn & Suites Minneapolis West

​Chicago, Illinois – January 9, 2014 – CBRE Hotels is pleased to announce the sale of the Country Inn & Suites Minneapolis West strategically located along the I-494 corridor at 210 Carlson Parkway North, in Plymouth, Minnesota. CI&S Plymouth II, LLC sold the property to Lodging Opportunity Fund, a Real Estate Investment Trust with offices in Fargo, North Dakota and Eden Prairie, Minnesota, who will be implementing a comprehensive renovation and retaining the Country Inn & Suites brand.

The 135-room, interior-corridor Country Inn & Suites opened in 1995. The property is beneficially located amongst two million square feet of Class A office space and is within 10 miles of downtown Minneapolis and 20 miles of Minneapolis St Paul International Airport. The property features the independently owned and operated Grizzly’s Woodfire Grille (attached) along with a fitness center, business center and two indoor swimming pools. 

The CBRE Hotels’ Chicago team consisted of Senior Vice President Nate Sahn and Associate Drew Noecker who represented the seller in this transaction.

Mr. Sahn commented, “The buyer will implement a multi-million dollar renovation ultimately converting the hotel to the new Generation 4 Country Inn Prototype Standards. Once complete, the asset will be well positioned to further capitalize on its strong location resulting in strong top and bottom line growth.”

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.