Hotel News

Heard on the Street: Troubled Rochester hotel sold for $5.1 million | Heard on the Street

The 46-year-old Hotel Broadway at 1625 S. Broadway has been purchased by Med Town Hospitality LLC of Woodbury for $5.1 million.

Med Town bought the 145-room hotel from Access Point Financial, the Atlanta bank that took over the hotel after the former owners — Wayzata-Rochester 16 Hospitality Associates — filed bankruptcy in 2016.

Rochester commercial Realtor Merl Groteboer of Re/Max Results represented the buyer and seller in the deal. Groteboer said the…

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