Best Western Mankato
Entered into an Exclusive Listing Agreement with DDD Motel Corporation based in Mankato, Minnesota. This 2-story, 145-room, full-service hotel was built originally in 1969 as a Holiday Inn and converted to a Best Western in 1987. It is located at 1111 Range Street in North Mankato, Minnesota. The sale closed on September 15, 2016 and was cash at closing.
Holiday Inn Express & Suites
Entered into an Exclusive Listing Agreement with DDD Motel Corporation based in Mankato, Minnesota. This 5-story, 88-room, limited-service hotel was built in 2009. It is located at 2051 Adams Street in Mankato, Minnesota. Sold this hotel in about 75 days. The sale closed within 4 months for 99.3% of List Price. The sale closed on September 17, 2015 and was cash at closing.
Mankato City Center Hotel
Entered into an Exclusive Listing Agreement with DDD Motel Corporation based in Mankato, Minnesota. This 4-story, 150-room, full-service hotel was built in 1979. This is an independent hotel with no national franchise affiliation. It is located at 101 East Main Street in Mankato, Minnesota. Sold this hotel in about 75 days. The sale closed within 4.5 months. The sale closed on September 30, 2015 and was cash at closing.
What Our Clients Are Saying
Don’t just take it from us, let our customers do the talking!
I highly recommend Pat Riley of Riley Real Estate as a commercial real estate broker. Mr. Riley was our broker for the recent sale of our two hotels.
Mr. Riley was diligent in regard to our specific needs and his primary goal was not only to sell our hotels but to obtain a fair price for the seller. He guided us through the entire process up to and through the sale closings.
He demonstrated that he was very honest and skilled in negotiations and came up with a deal that was good for both the seller and buyer. Throughout this process he was a highly attentive broker and promptly returned our phone calls and e-mails. He is savvy, personable and knows the market.
It was a real pleasure working with Mr. Riley and we would not hesitate to use his services again in the future.Shirley Baker
My Company and I have worked with Pat Riley in many transactions through the years and have always found his work to be exceptional. Pat has a very good sense of values in the hospitality industry. I can honestly recommend him without hesitation to represent you.Tom Torgerson
I have worked with Pat Riley for over 25 years in the area of hotel appraisals, management and brokerage. Pat is extremely knowledgeable in all areas of the hotel business, which gives him a unique perspective in assessing deals and helping clients work through complicated transactions.
Pat’s wealth of industry connections, both nationally and throughout Minnesota help pave the way to getting things done expeditiously. In my recent dealings with Pat as a hotel buyer, I was very pleased with the level of information, communication and responsiveness that I received. I would highly Recommend Pat Riley to anyone who is buying or selling a hotel property and am confident you will be pleased with the results he achieves.Scott Uttley