Grand Ho­tel sale

Travel Daily - - News -

THE Peb­ble­brook Trust has fi­nalised the sale of Min­nesota’s 140-room Grand Ho­tel Min­neapo­lis for US$30m.

The sale price cov­ers the ho­tel as well as the 5,200m2 fit­ness cen­tre which is cur­rently be­ing leased out un­til Jun 2019.

Pro­ceeds from the sale will be used to re­duce the com­pany’s out­stand­ing debt.

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