3 hotels change hands in Michigan, California, Kentucky

Ashtavinayak acquired the 80-room Best Western Richmond Hotel from BVM Management. Photo credit: Huff, Niehaus & Associates

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.

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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.

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