Investors confirm sale of Kahler Grand, other hotels - PostBulletin.com: Local

Investors confirm sale of Kahler Grand, other hotels

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Posted: Friday, January 25, 2013 4:35 pm

After 10 months of negotiations, five Midwest-based investors signed a deal late Friday afternoon to buy four downtown Rochester hotels, including the historic Kahler Grand Hotel, and a commercial laundry for $230 million.

Rochester Realtor Merl Groteboer confirmed the sale at 4 p.m. He represented Sunstone Hotel Investors, which sold the properties, as well as the buyers in the deal.

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