View Summary for Preliminary eCRV ID 313416
County:Hennepin    Auditor ID:
Submit Date: 02/12/2015 3:46 PM    Accept Date: 02/13/2015 2:14 PM

Buyers Information

Organization name: CWI Minneapolis Hotel, LLC
Address: c/o Watermark Capitol Partners, LLC, 272 East Deerpath Road, Suite 320, Lake Forest, IL 60045 US
Foreign address:
No
Phone number:
847-482-8600 
Email:
 
  *** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Sellers Information

Organization name: HEI Minneapolis LLC
Address: C/O HEI Hospitality LLC, 101 Merritt 7 Corporate Park, 1st Floor, Norwalk, CT 06851 US
Foreign address:
No
Phone number:
203-849-8844 
Email:
 
  *** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Property Information

County:
Hennepin
Legal description: PARCEL 1 Lots 4 and 5 and the Southeasterly Half front and rear of Lot 3, Block 87, town of Minneapolis and the Southwesterly Half front and rear of the Southeasterly Half front and rear of the vacated alley in said Block, except the Northwesterly 10 feet of the above described Tract. PARCEL 2: Together with the rights and easements granted in Document Nos. 1053943, 1097636, 1729064 and 2023732, the latter as amended by that certain First Amendment to Easement and Construction Agreement, dated 4-26-2007, recorded on 5-8-2007, as Document No. 4384031.
Deeded acres:
0.60
Will use as primary residence:
No
What is included in the sale:
Land and Buildings
New construction:
No
Property Location(s)
Property location:
88 South 6th Street, Minneapolis, 55402
Preliminary Parcel IDs
Parcels to be split or combined:
No
Primary parcel ID:
22-029-24-44-0057
Additional parcel ID(s):
Use(s)
Planned use:
Lodging / Hotels/Motels /Unspecified/Other
Primary use:
Yes
Prior use:
Lodging / Hotels/Motels /Unspecified/Other
Rental buildings:
1
Rental units:
214

Sales Agreement Information

Deed Type:
Date of Deed or Contract:
02/12/2015
Purchase amount:
$66,400,000.00
Downpayment amount:
$24,767,000.00
Seller-paid points:
$0.00
Delinquent Special Assessments and Delinquent Taxes Paid by Buyer:
$0.00
Financing type:
New Mortgage
Personal Property
Personal property included:
Yes
Item: $2,846,000.00 - Tangible personal property (furniture, fixtures and equiment
Personal Property Total Amount:
$2,846,000.00
Sales Agreement Questions
Buyer leased before sale:
No
Lease option to buy:
Seller leased after sale:
No
Minimum rental income guaranteed:
No
Partial interest indicator:
No
Contract payoff or deed resale:
No
Received in trade:
No
Like exchange (IRS section 1031):
No
Purchase over two years old:
No

Supplementary Information

Buyer paid appraisal:
Yes
Appraisal value:
$0.00
Seller paid appraisal:
No
Appraisal value:
$0.00
Buyer and seller related:
No
Organization tax exempt:
No
Government sale:
No
Foreclosed, condemned or legal proceedings:
No
Gift or inheritance:
No
Name change:
No
Buyer owns adjacent property:
No
Public promotion:
Yes
Significant different price paid:
No
Comment on price difference:

Submitter Information

Submit date:
02/12/2015 3:46:50 PM
Submitter:
Donna Grelson
Organization:
Briggs and Morgan, P.A.
Email:
dgrelson@briggs.com
Phone number:
6129778762
Comments:

Terms Accepted by the Submitter:
I declare under penalty of law that I have examined the information entered and submitted on this form, and, based on what I know and believe to be true, the information entered on this form is complete and correct.