Fargo, N.D., investment entity buys Microtel Inn & Suites

By Business Observer Staff
| 8:15 a.m. October 18, 2013
| 0 Free Articles Remaining!

Commercial Real Estate

BUYER: RalRon Florida LLC, Fargo, N.D.
SELLER: Village Port LLC
PROPERTY: 4056 Tamiami Trail, Port Charlotte
PRICE: $4.4 million
PREVIOUS PRICE: $540,000, June 1988
LAW FIRM ON DEED: Tew Cardenas LLP, Miami

PLANS, DESCRIPTION: A company affiliated with Fargo, N.D., large-scale farmer and John Deere Equipment dealer Ron Offutt purchased the 86-unit Microtel Inn & Suites by Wyndham for $4.4 million.

The price equated to $51,153 per unit.