Hotels in Detroit; Madera, Calif.; and Richmond, Ky., have changed hands lately. Here’s the latest on these sales.
In Michigan, Bedrock bought the 260-key Courtyard by Marriott Detroit Downtown from a General Motors affiliate. The purchase price was not disclosed. The 21-floor hotel includes 6,468 square feet of meeting space, a fitness center and an indoor pool. Bedrock currently owns two other hotels: the Shinola Hotel, also in Detroit, and The Ritz-Carlton, Cleveland.
Sanjiv Chopra sold the La Quinta Inn & Suites by Wyndham Madera in California to Billa Management for $11.8 million. The 97-room hotel, a Del Sol by La Quinta prototype, recently underwent a top-to-bottom renovation that saw the building receive a new building skin; major systems; roof; and furniture, fixtures and equipment package. Amenities include 270 square feet of event space, a fitness center and an outdoor pool. It is located in central California, less than half an hour northwest of Fresno, Calif. The Ehmer Group negotiated the sale.
BVM Management sold the Best Western Richmond Hotel to Ashtavinayak for $3.8 million. The Richmond, Ky., hotel includes 80 guestrooms, an indoor pool and a fitness center. It is located in central Kentucky near Renfro Valley, Eastern Kentucky University and Fort Boonesborough State Park. Huff, Niehaus & Associates brokered the hotel’s sale.