Hotel Brokers International Westgor & Associates, Inc., charter member of Hotel Brokers International, announces the sale of the 60 unit Americas Best Value Inn located in Stevens Point, Wisconsin, to Shree Laxmi Naryam. Jeff Westgor, CHB, President of Westgor & Associates Inc., represented the seller – US Assets. Financing was an SBA 7A loan.
The hotel was originally built as a Super 8 and the new owner is considering rebranding the hotel after refurbishing the guest rooms and common areas. This will be the second hotel in the market for the new owner who will benefit from cross marketing two brands and the economies of scale from the operational side.
Jeff Westgor, CHB, President of Westgor & Associates, Inc. is a 3rd generation broker and immediate past president of Hotel Brokers International. Westgor & Associates, Inc. was founded in 1955 and is the oldest most successful hotel brokerage company in the North Central Midwest region. The firm was a charter member of Hotel Brokers International in 1959.