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Foreclosed central Neb. hotel sells for $4.9M

Ramada Inn- Kearney

KEARNEY, Neb. (AP) – Nine months after FirsTier Bank paid $7.6 million for the Ramada Inn in Kearney, the bank has sold it to a hotel management company for $4.85 million. The Kearney Hub reports that a subsidiary of Colorado Hospitality Services bought the 206-room hotel earlier this month. The hotel management firm, which owns more than 20 other hotels, has been running the Ramada on an interim basis since last December when the bank foreclosed on the previous owner. The Ramada’s business is focused on conventions and banquets. The hotel management company says a new Italian restaurant should open soon at the hotel.

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