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Four Points by Sheraton sold for $12.5M

Gangl Hotels LLC Acquire FourPoints by Sheraton
By CoStar Research
June 8, 2015 | 8:03 P.M.

Gangl Hotels LLC acquired Four Points by Sheraton at 7745 Lyndale Ave S in Richfield, MN from 7745 Lyndale LLC for $12.5 million, or about $85,000 per square foot. The 5- story, 89,429 square-foot, Class C, hospitality building was built in 1987 and is in the I-494 Corridor submarket. There were no brokers involved in this transaction. Please refer to CoStar COMPS # 3302571 for more information on this transaction.

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