REBusinessOnline

CBRE/HUBBEL COMMERCIAL COMPLETES $2.6 MILLION HOTEL SALE

URBANDALE, IOWA — West Des Moines, Iowa-based CB Richard Ellis/Hubbel Commercial (CBRE) completed the sale of a 76-room Microtel Inn & Suites, located at 8711 Plum Dr. in Urbandale, for $2.6 million. The 38,745-square-foot property, which is situated on 1.67 acres, was acquired from Larkin Hospitality by Nebraska-based Lotus Motel. Linda Gibbs and Tim Sharpe of CBRE advised the seller in the transaction.

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