CBC Griffin Companies Announces Hotel Sale

FOR IMMEDIATE RELEASE

Coldwell Banker Commercial Griffin Companies Announces Hotel Sale

(Minneapolis, MN March 6, 2012) – Mike Palm, Vice President of the Business Brokerage Group and Pam Snyder, Vice President of Coldwell Banker Commercial Griffin Companies have negotiated the sale of a 143 room Hotel with Snyder and Associates, LLC Hotel Group at 1625 South Broadway in Rochester, MN.

Mike Palm represented the seller, Phoenix Hotel, LLC in this transaction. Pam Snyder represented the buyer Snyder and Associates, LLC Hotel Group.

Plans for the hotel are to do an extensive property improvement plan (PIP) including reflagging the hotel to a major brand.

About Coldwell Banker Commercial Griffin Companies
Coldwell Banker Commercial Griffin Companies is committed to quality results through conscientious attention to detail and service. We offer brokerage, leasing, property and facilities management, construction and development advisory services, and consulting services for corporate and non-profit owner/users, investors and tenants of office, industrial, retail and multi-family residential properties. Visit our website at www.cbcgriffin.com, or contact us at (612) 338-2828.

About Coldwell Banker Commercial Affiliates, Inc.
Coldwell Banker Commercial Affiliates is one of the leading franchisors of commercial real estate services through the Coldwell Banker Commercial® brand. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate LLC. Through its independently owned and operated offices, the Coldwell Banker Commercial network is a premier provider of real estate services and is a leader in the commercial real estate industry. The Coldwell Banker Commercial network of brokers serves the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. The Coldwell Banker® network of commercial brokers can be found in 41 countries in North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation, the world’s largest real estate franchisor. For additional information on Coldwell Banker Commercial, visit the company’s Web site at www.coldwellbankercommercial.com, or contact us at (800) 222-2162.

About admin

Originating in 1969 as Griffin Companies, our company has provided exceptional services to clients throughout the Twin Cities area, as well as nationally and internationally. In May 2008 Griffin Companies became an affiliate of Coldwell Banker Commercial. This affiliation added additional depth to our services through the reach and resources of over 220 offices and 2,800 professionals worldwide. Today, we remain an independently owned and operated business with the ability to respond quickly to our client’s local and global needs. Coldwell Banker Commercial Griffin Companies provides a team of commercial real estate professionals who offer the highest level of experience and motivation to perform for you, the client. Each new assignment is viewed as a new “relationship opportunity” and not as a “transaction opportunity” which is a significant point of differentiation.
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