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Wingate Inn Purchased for $4 Million

Group Sells 83-Room Hotel in Oakdale
By Andrew Sears
April 30, 2008 | 3:16 P.M.

Kalpana Hospitality LLC acquired the hotel at 970 Helena Ave. N in Oakdale, MN, from Wright Insurance Group for $4.01 million, or about $48,289 per room. There was an additional $1.04 million worth of personal property that was purchased, including furniture, property management computers and equipment.

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