Sky Hotels Buys 89-Room Hotel in Lodi for $15MM

By Jon Peterson Chowchilla, Calif.-based Sky Hotels has closed on the acquisition of the 89-room Holiday Inn Express in Lodi. The final purchase price was $15.35 million, or $172,471 per door, according to sources familiar with the sale of the property. The property had been placed up for sale earlier this year with an asking price of […]