Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Ardis Sells 2 Hotel Properties in Upper Peninsula
CBRE has arranged the sale of the 62-room Holiday Inn Express & Suites and 57-room Comfort Inn in Iron Mountain, MI to AJLN Inc. and MGPAN Inc., respectively. Deal terms were not disclosed.
CBRE Hotels’ Brian Silberman, Scott Miller, Paul DeLucia and Matt McClure represented the owner, Ardis Inc., in the sale.
The two Iron Mountain properties are located in the Upper Peninsula of Michigan, less than two hours north of Green Bay, WI. Both properties are located a mile from BOSS Snowplow, MJ Electric and the headquarters of Systems Control. Iron Mountain is also home to other manufacturing and industrial companies such as CCI Systems, Verso Paper Mill, WE Energies and Warner Electric.
“Recently renovated, the Holiday Inn Express & Suites and Comfort Inn offer AJLN Inc. and MGPAN Inc. an excellent opportunity to attract both leisure and business guests traveling through the area,” said Silberman.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
Subscribe to Connect Daily Chicago