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Woodbury Sheraton sold for $13.4 million

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The Woodbury Sheraton Hotel has been sold for $13.4 million, according to new management officials.

Schulte Hospitality Group, a company based out of Louisville, Ky., purchased the property from the lender who took over the hotel after former owner Jerry Trooien went into bankruptcy.

"That hotel has a lot of potential as far as future revenues," said Martin Hanson, vice president of hotel performance for Schulte Hospitality Group. "It was a great opportunity for us."

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Riham Feshir
Riham Feshir is a reporter and photographer for the Woodbury Bulletin. Her coverage includes Woodbury City Hall, Washington County Board of Commissioners and business news.  Follow Riham on Twitter @RihamFeshir for the latest updates.
(651) 702-0974
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