Titan Development sells hotel near the Rochester International Airport
(THE MED CITY BEAT) - Titan Development & Investments has sold the AmericInn near the Rochester International Airport to a company from Wisconsin.
Rochester-based Titan will be aligned with the new owner, CLT Investments of Prairie Du Chien, as a partner; however Titan will no longer be involved in the day-to-day operations of the hotel.
“With the numerous focuses that we have around Rochester and across the country, we felt that it was a good time to sell the AmericInn," said Titan CEO Andy Chafoulias. "It’s a great hotel with consistently solid numbers and we foresee a very successful future for it."
The financial terms of the agreement were not made public. CLT Investments has immediate plans of enhancing the exterior and interior of the 72-room hotel, according to a news release.
Titan has been involved with the development several businesses around the airport, including Ground Round and the International Event Center.
(Cover graphic: Titan Development & Investments)