Sheraton Woodbury Sold for $14M
Thursday January 3rd, 2013 - 10:15AM HF
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WOODBURY, MN—The 150-room Sheraton Woodbury has been sold by Dougherty Funding to Schulte Hospitality Group for approximately $14 million.
The hotel will retain its flag under the new owner.
The property features an indoor swimming pool, fitness center, VIP floor and meeting space designed for small- to mid-size groups.
Hunter Hotel Advisors represented the seller.
Tags: • Hospitality • Brokers • Ownership •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.