Hotel Business Magazine, hotelbusiness.com | The Newspaper For Lodging Decision Makers

Receivership Sale of Ramada Plaza and Conference Center Completed

Monday December 30th, 2013 - 11:04AM

DAYTON, OH—Terry Baltes, manager, Baltes Commercial Realty, Ltd. Recently concluded the sale of the Ramada Plaza and Conference Center located in Columbus, OH.

Baltes was the receiver for Hotel Investments I, LLC. The hotel was purchased by Pacific Rim Development, LLC, an Indonesia Company. The 264-room hotel was purchased on Dec. 20, 2013 for $2.64 million.

The hotel offers a restaurant and lounge, conference center with 11 meeting rooms, a 12,000-sq.-ft. ballroom, an indoor and outdoor pool, whirlpool, fitness center and a business center.

According to the company, the new owner plans to make significant improvements to the hotel.